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Timken Adds Todd Leombruno, Parker Hannifin Executive VP and CFO, to its Board of Directors

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The Timken Company (NYSE: TKR), a global leader in engineered bearings and industrial motion, has appointed Todd M. Leombruno to its Board of Directors. Leombruno, currently serving as executive vice president and CFO of Parker Hannifin Corp., brings over 30 years of experience in accounting and finance roles. This addition expands Timken's board to 11 members.

Leombruno will serve on the Board's Audit and Nominating and Corporate Governance committees. His appointment is expected to contribute significant financial and executive leadership skills, as well as deep knowledge of industrial markets and manufacturing sectors. Timken, which posted $4.8 billion in sales in 2023, employs more than 19,000 people globally and operates in 45 countries.

La Timken Company (NYSE: TKR), leader globale nei cuscinetti ingegnerizzati e nel movimento industriale, ha nominato Todd M. Leombruno nel suo Consiglio di Amministrazione. Leombruno, attualmente vicepresidente esecutivo e CFO della Parker Hannifin Corp., porta con sé oltre 30 anni di esperienza in ruoli di contabilità e finanza. Questa nomina porta il numero totale di membri del consiglio di Timken a 11.

Leombruno farà parte delle commissioni di Audit e di Nomina e Governance Aziendale del Consiglio. Ci si aspetta che il suo contributo porti competenze significative in leadership finanziaria ed esecutiva, oltre a una profonda conoscenza dei mercati industriali e dei settori manifatturieri. La Timken, che ha registrato vendite per 4,8 miliardi di dollari nel 2023, impiega oltre 19.000 persone a livello globale e opera in 45 paesi.

La empresa Timken (NYSE: TKR), líder mundial en rodamientos diseñados e movimiento industrial, ha nombrado a Todd M. Leombruno en su Junta Directiva. Leombruno, que actualmente ejerce como vicepresidente ejecutivo y CFO de Parker Hannifin Corp., aporta más de 30 años de experiencia en roles de contabilidad y finanzas. Esta adición amplía la junta de Timken a 11 miembros.

Leombruno formará parte de las comisiones de Auditoría y de Nominaciones y Gobernanza Corporativa de la Junta. Se espera que su nombramiento contribuya con habilidades significativas en liderazgo financiero y ejecutivo, así como un profundo conocimiento de los mercados industriales y los sectores manufactureros. Timken, que registró ventas por 4.8 mil millones de dólares en 2023, emplea a más de 19,000 personas a nivel mundial y opera en 45 países.

팀켄 컴퍼니 (NYSE: TKR)는 엔지니어링 베어링 및 산업 모션 분야의 글로벌 리더로서 토드 M. 레옴브루노를 이사회에 임명했습니다. 레옴브루노는 현재 파커 하니핀 코퍼레이션의 부사장 겸 CFO로서 30년 이상의 회계 및 재무 경험을 보유하고 있습니다. 이로써 팀켄의 이사회는 11명으로 확장됩니다.

레옴브루노는 이사회의 감사 및 지명 및 기업 거버넌스 위원회에서 활동할 예정입니다. 그의 임명은 상당한 재무 및 경영 리더십 기술과 산업 시장 및 제조 분야에 대한 깊은 지식을 기여할 것으로 기대됩니다. 팀켄은 2023년에 48억 달러의 매출을 기록했습니다, 전 세계적으로 19,000명 이상의 직원이 있으며 45개국에서 운영되고 있습니다.

La Timken Company (NYSE: TKR), un leader mondial dans le domaine des roulements techniques et du mouvement industriel, a nommé Todd M. Leombruno à son Conseil d'Administration. Leombruno, qui est actuellement vice-président exécutif et CFO de Parker Hannifin Corp., apporte plus de 30 ans d'expérience dans les domaines de la comptabilité et des finances. Cet ajout porte le nombre de membres du conseil de Timken à 11.

Leombruno siégera aux comités d'Audit et de Nominations et de Gouvernance d'Entreprise du Conseil. Son nommer est censé apporter des compétences significatives en leadership financier et exécutif, ainsi qu'une connaissance approfondie des marchés industriels et des secteurs manufacturiers. Timken, qui a enregistré des ventes de 4,8 milliards de dollars en 2023, emploie plus de 19 000 personnes dans le monde et opère dans 45 pays.

Die Timken Company (NYSE: TKR), ein weltweit führendes Unternehmen in der Konstruktion von Wälzlager und industrieller Bewegungstechnik, hat Todd M. Leombruno in den Vorstand berufen. Leombruno, der derzeit als Executive Vice President und CFO von Parker Hannifin Corp. tätig ist, bringt mehr als 30 Jahre Erfahrung in den Bereichen Buchhaltung und Finanzen mit. Diese Erweiterung bringt die Anzahl der Vorstandsmitglieder von Timken auf 11.

Leombruno wird Teil der Prüfungs- sowie Nominierungs- und Corporate Governance-Ausschüsse des Vorstands sein. Seine Ernennung wird voraussichtlich signifikante Fähigkeiten in finanzieller und exekutiver Führung sowie tiefgreifendes Wissen über industrielle Märkte und Fertigungssektoren einbringen. Timken, das im Jahr 2023 einen Umsatz von 4,8 Milliarden Dollar erzielt hat, beschäftigt weltweit mehr als 19.000 Mitarbeiter und ist in 45 Ländern tätig.

Positive
  • Appointment of Todd Leombruno, an experienced financial executive, to the Board of Directors
  • Expansion of the Board to 11 members, potentially bringing more diverse perspectives
  • Leombruno's extensive experience in industrial markets aligns with Timken's business focus
  • Strong financial performance with $4.8 billion in sales reported for 2023
  • Global presence with operations in 45 countries and over 19,000 employees
Negative
  • None.

NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Todd M. Leombruno to its Board of Directors. The election will bring The Timken Company Board to 11 members.

Leombruno has served as executive vice president and chief financial officer of Parker Hannifin Corp., a Fortune 250 global leader in motion and control technologies, since 2021. He started his career with Parker Hannifin in 1993 and progressed through various accounting and finance roles of increasing responsibility during his more than 30-year career with the company.

"Todd brings significant financial and executive leadership skills to our Board," said John M. Timken, Jr., Chairman of the Board. "His deep knowledge of industrial markets and experience in the manufacturing and engineering sectors will be a great asset as we continue to advance our strategy. We welcome Todd and look forward to his contributions as we build on our global leadership in engineered bearings and industrial motion." 

Leombruno will serve as a member of the Board's Audit and Nominating and Corporate Governance committees. He holds a bachelor's degree in business administration from Ohio University and an MBA from Case Western Reserve University.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. The company posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries. Timken is one of the World's Most Innovative Companies, according to Fast Company, and has been recognized among America's Most Responsible Companies, America's Greatest Workplaces and America's Greatest Workplaces for Diversity by Newsweek, Best Companies to Work For by U.S. News & World Report, the World's Most Ethical Companies® by Ethisphere and America's Most Innovative Companies by Fortune.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

Investor Relations:
Neil Frohnapple
234.262.2310
investors@timken.com 

 

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SOURCE The Timken Company

FAQ

Who is Todd Leombruno and why was he appointed to Timken's (TKR) Board of Directors?

Todd Leombruno is the executive VP and CFO of Parker Hannifin Corp. He was appointed to Timken's Board on August 7, 2024, due to his significant financial and executive leadership skills, as well as his deep knowledge of industrial markets and experience in manufacturing sectors.

What committees will Todd Leombruno serve on in Timken's (TKR) Board?

Todd Leombruno will serve as a member of Timken's Board's Audit and Nominating and Corporate Governance committees.

What was Timken's (TKR) reported sales figure for 2023?

Timken reported sales of $4.8 billion for the year 2023.

How many countries does Timken (TKR) operate in as of August 2024?

As of August 2024, Timken operates in 45 countries globally.

The Timken Company

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