The Timken company board of directors announced that, effective immediately, Tarak B. Mehta is departing as chief executive officer and director based on mutual agreement due to personal reasons.
Richard G. Kyle will return as interim president and chief executive officer. Kyle is a member of the Timken Board of directors and served as the company’s chief executive officer from 2014 to 2024.
The Timken Board of directors has launched a comprehensive chief executive officer search process, retaining search firm Crist Kolder Associates. Work is underway to identify the most qualified internal or external candidate to serve as the company’s next chief executive officer.
Kyle is a member of the Timken board of directors and served as chief executive officer for a decade before stepping down from that role in 2024. During his tenure as chief executive officer, Kyle transformed Timken into a global diversified industrial leader while achieving record levels of financial performance. His disciplined approach to capital allocation, operational rigor and focus on profitable growth enabled the company to build scale, enter new product lines, expand globally and diversify its end markets to drive shareholder value.
Published May 2025
