Timken Names Lucian Boldea President and Chief Executive Officer
Ohio Pen/10306469

NORTH CANTON, Ohio, Aug. 25, 2025 ~ The Timken Company, a global leader in engineered bearings and industrial motion, has announced the appointment of Lucian Boldea as its new president and CEO. The decision was made by the company's Board of Directors and will be effective from September 1, 2025.

Boldea will be taking over from Richard G. Kyle, who has been serving as interim president and CEO since March. Kyle previously held the position from 2014 to 2024.

Boldea brings with him over 25 years of experience in the industry and a proven track record of strategic leadership and innovation. He joins Timken from Honeywell, where he served as President and CEO of Industrial Automation, a global business segment with over $10 billion in sales, 31,000 employees, and 70 manufacturing sites worldwide.

John Timken, chairman of the Board, expressed confidence in Boldea's abilities to lead the company forward. "Following a comprehensive search, the Board is confident that Lucian is the right leader to continue to advance Timken's strategy, accelerate growth and deliver long-term returns for stakeholders," he said. "He shares our values and has the vision, experience and leadership qualities to take Timken to new levels of performance."

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Boldea is a globally recognized executive with a strong background in industrial automation and advanced manufacturing. Since joining Honeywell in 2022, he has been at the forefront of the company's transformation towards autonomous operations using artificial intelligence, IoT (Internet of Things), and advanced sensor technologies. Prior to that, he held executive roles at Eastman Chemical Company for over two decades.

In his statement on joining Timken, Boldea expressed his excitement about working with the company's leadership team and engaging with employees, customers, and partners. "I'm honored to join Timken," he said. "A company recognized globally for its strong products, values and customer commitment." He also mentioned his plans to diversify the company's portfolio, strengthen operations, and drive sustainable growth.

Boldea holds a Ph.D. in organic chemistry from the University of Florida, an MBA in finance from the Wharton School at the University of Pennsylvania, and a bachelor's degree in chemistry from the University of West Florida. He currently serves on the Board of Directors of the U.S.-China Business Council and will be based at Timken's world headquarters in North Canton, Ohio.

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