Timken Reports Changes to Growth and Innovation Leadership Team
03/25/2008 - Timken announces a reorganization of its innovation and growth group that the company says will help streamline the strategic planning and innovation processes.
The Timken Co. has announced a reorganization of its innovation and growth group. The company said the organizational change will help streamline the strategic planning and innovation processes.
“Creating customer value through innovation has always been the lifeblood of our company,” said James W. Griffith, Timken’s President and CEO. “With this reorganization, we expect to further strengthen our processes for value creation.”
As a result of the changes, Jacqueline A. Dedo, who most recently held the position of Senior Vice President of Innovation and Growth, is leaving the company.
“Jacqui led a major part of our company at a difficult time in the history of the U.S. automotive industry,” said Griffith. “In her previous position as President of the Automotive Group and most recently as the Senior Vice President of Innovation and Growth, she made important contributions to our company’s success. We wish her well in her future endeavors.”
Senior Vice President of Technology Alastair R. Deane, who previously reported to Dedo, will now report to Griffith, beginning March 31. Deane oversees Timken’s global network of technical centers and is responsible for leading the company’s technology and innovation efforts worldwide.
Timken provides innovative friction management and power transmission products and services. The company’s approximately 25,000 employees generated sales of $5.2 billion in 2007 from its operations in 27 countries.
