Timken CEO Richard Kyle to retire, Tarak Mehta to succeed

Timken board of directors has reached an agreement with Tarak Mehta to become Timken’s next president and chief executive officer on September 5. Mehta is currently president of the Motion business and member of the group executive committee at ABB. Mehta will be appointed Timken president and CEO after he completes a transition period with ABB. Richard Kyle will remain president and CEO until Mehta’s appointment date. At that time, Kyle will move into an advisory role to assist with the leadership transition. Kyle plans to retire as an employee of Timken following a decade of leadership as CEO but will continue to serve on the Timken board of directors.