December 03, 2008

Timken senior VP of innovation and growth to step down

Timken Company announced a restructuring for the modernization and growth function of the company. Timken said the executive level change, which would help reorganize strategic planning and innovation processes, would take effect on March 31st 2008.

Consequently, Ms Jacqueline Dedo who was holding the post of senior vice president of innovation and growth until recently is stepping down from her post.

Mr Alastair Deane senior vice president of technology, who was reporting to Ms Dedo earlier will henceforth report to Mr James Griffith, president & CEO of Timken, with effect from March 31

Mr Deane manages the company's international network of technical centers and is in charge of leading the company's technology as well as innovation efforts worldwide.

Mr Griffith said that "Creating customer value through innovation has always been the lifeblood of our company, with this reorganization, we expect to further strengthen our processes for value creation."