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Timken Co Appoints Lucian Boldea as New President and CEO
ByAinvest
Tuesday, Aug 26, 2025 8:42 am ET1min read
The Timken Co (TKR) has appointed Lucian Boldea as its new president and CEO, effective September 1, 2025. Boldea, with over 25 years of industry experience, including leadership roles at Honeywell and Eastman Chemical Company, is expected to drive the company's strategic growth and innovation. Boldea's expertise in AI, IoT, and advanced sensor technologies aligns with Timken's strategic goals. The appointment is seen as a positive move for the company's financial performance and market positioning.
The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion, has appointed Lucian Boldea as its new president and CEO, effective September 1, 2025. Boldea will succeed Richard G. Kyle, who served as interim CEO since March 2025 [1].Boldea brings over 25 years of industry experience to Timken, having previously served as President and CEO of Honeywell's Industrial Automation division. With a demonstrated record of strategic leadership and innovation, he will be responsible for advancing Timken's strategy, accelerating growth, and delivering long-term returns for stakeholders [1].
Prior to joining Honeywell in 2022, Boldea held executive roles at Eastman Chemical Company, where he started his career as a chemist and advanced through various leadership positions. At Honeywell, Boldea led the company's transformation toward autonomous operations, leveraging artificial intelligence, IoT, and advanced sensor technologies [1].
The Timken Company's Board of Directors is confident that Boldea's vision, experience, and leadership qualities will take Timken to new levels of performance. 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 will be based at Timken's world headquarters in North Canton, Ohio [1].
Timken India Limited, a subsidiary of The Timken Company, recently held its 38th Annual General Meeting (AGM) on August 19, 2025, where shareholders approved a dividend of ₹36 per equity share and several key resolutions, including director appointments [3].
References:
[1] https://news.timken.com/2025-08-25-Timken-Names-Lucian-Boldea-President-and-Chief-Executive-Officer
[2] https://seekingalpha.com/news/4488347-honeywell-names-faro-technologies-ceo-lau-to-lead-industrial-automation-unit
[3] https://www.moneycontrol.com/news/business/markets/timken-india-declares-36-dividend-shareholders-approve-new-director-appointments-alpha-article-13471634.html
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