Timken Names Michael A. Discenza Chief Financial Officer
Timken (NYSE: TKR), a global engineered bearings and industrial motion technology company, has appointed Michael A. Discenza as its new Vice President and Chief Financial Officer, effective immediately. Discenza, a 25-year veteran of the company, previously served as vice president of finance and group controller for 10 years.
Discenza succeeds Philip D. Fracassa, who is departing to pursue other opportunities after nearly 12 years as CFO. The new CFO brings extensive experience in financial leadership, accounting, external reporting, and investor relations. Timken, which operates in 45 countries with approximately 19,000 employees, reported $4.6 billion in sales for 2024.
Timken (NYSE: TKR), azienda globale specializzata in cuscinetti ingegnerizzati e tecnologie di movimento industriale, ha nominato Michael A. Discenza vicepresidente e direttore finanziario, con effetto immediato. Discenza, che vanta 25 anni in azienda, è stato precedentemente vicepresidente delle finanze e group controller per dieci anni.
Subentra a Philip D. Fracassa, che lascia l'incarico dopo quasi 12 anni come CFO per perseguire altre opportunità. Il nuovo direttore finanziario porta con sé ampia esperienza nella leadership finanziaria, nella contabilità, nella reportistica esterna e nelle relazioni con gli investitori. Timken opera in 45 paesi con circa 19.000 dipendenti e ha registrato 4,6 miliardi di dollari di ricavi nel 2024.
Timken (NYSE: TKR), una empresa global de rodamientos diseñados y tecnología de movimiento industrial, ha nombrado a Michael A. Discenza como su nuevo vicepresidente y director financiero, con efecto inmediato. Discenza, veterano de la compañía con 25 años, se desempeñó anteriormente como vicepresidente de finanzas y controller de grupo durante diez años.
Releva a Philip D. Fracassa, quien deja el cargo tras casi 12 años como CFO para buscar otras oportunidades. El nuevo director financiero aporta amplia experiencia en liderazgo financiero, contabilidad, reporting externo y relaciones con inversores. Timken opera en 45 países con aproximadamente 19.000 empleados y registró 4.600 millones de dólares en ventas en 2024.
Timken (NYSE: TKR)은 글로벌 엔지니어드 베어링 및 산업용 모션 기술 기업으로, Michael A. Discenza를 신임 부사장 겸 최고재무책임자(CFO)로 즉시 임명했습니다. 회사에서 25년을 근무한 Discenza는 이전에 10년간 재무 부사장 겸 그룹 컨트롤러를 맡았습니다.
그는 거의 12년간 CFO를 역임한 Philip D. Fracassa의 뒤를 잇습니다. Fracassa는 다른 기회를 찾아 회사를 떠납니다. 새 CFO는 재무 리더십, 회계, 외부 보고 및 투자자 관계 분야에서 폭넓은 경험을 보유하고 있습니다. Timken은 45개국에서 약 1만9,000명의 직원을 두고 있으며, 2024년 매출은 미화 46억 달러였습니다.
Timken (NYSE: TKR), entreprise mondiale spécialisée dans les roulements techniques et les technologies de mouvement industriel, a nommé Michael A. Discenza nouveau vice-président et directeur financier, avec effet immédiat. Discenza, présent dans l'entreprise depuis 25 ans, a précédemment occupé pendant dix ans le poste de vice-président des finances et de contrôleur de groupe.
Il succède à Philip D. Fracassa, qui quitte ses fonctions après près de douze ans en tant que CFO pour poursuivre d'autres opportunités. Le nouveau directeur financier apporte une vaste expérience en direction financière, comptabilité, reporting externe et relations investisseurs. Timken est présent dans 45 pays, emploie environ 19 000 personnes et a déclaré 4,6 milliards de dollars de ventes pour 2024.
Timken (NYSE: TKR), ein weltweit tätiges Unternehmen für technische Wälzlager und industrielle Bewegungstechnologie, hat Michael A. Discenza mit sofortiger Wirkung zum neuen Vice President und Chief Financial Officer ernannt. Discenza, der seit 25 Jahren im Unternehmen ist, war zuvor zehn Jahre lang Vice President Finance und Group Controller.
Er folgt auf Philip D. Fracassa, der nach fast 12 Jahren als CFO das Unternehmen verlässt, um sich anderen Möglichkeiten zu widmen. Der neue CFO bringt umfassende Erfahrung in Finanzführung, Rechnungswesen, externer Berichterstattung und Investor Relations mit. Timken ist in 45 Ländern tätig, beschäftigt rund 19.000 Mitarbeiter und meldete 4,6 Milliarden US-Dollar Umsatz im Jahr 2024.
- Internal promotion demonstrates strong succession planning and organizational stability
- New CFO brings 25 years of company experience and deep institutional knowledge
- Company shows strong market presence with $4.6B in sales and operations in 45 countries
- Departure of experienced CFO Philip Fracassa after 12 years could create temporary transition challenges
"Mike is an exceptional leader with strong financial expertise, strategic vision and a commitment to operational excellence," said Richard G. Kyle, president and CEO. "The Board and I are very confident in his ability to lead our global financial organization to drive Timken's growth and performance."
Since joining the company in 2000, Discenza has progressed through a variety of financial and accounting leadership roles. A trusted partner to the executive leadership team, Discenza combines extensive industry knowledge with financial expertise to optimize the performance of the business. His experience also includes accounting and external reporting, financial planning and analysis, investor relations and advising the Board's audit committee. He holds bachelor's and master's degrees in economics from The University of
Discenza succeeds Philip D. Fracassa, who is leaving Timken to pursue another opportunity. "We thank Phil for his many years of service and his nearly 12 years of leadership as chief financial officer," Kyle said. "We wish him the very best in his future endeavors."
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 more than 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted
Media Relations:
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234.262.6420
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Investor Relations:
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SOURCE The Timken Company
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