The Timken Company (TKR) Monday announced that CEO and director Tarak B. Mehta has stepped down immediately due to personal reasons. The company's Board of Directors has appointed Richard G. Kyle as interim president and CEO.
Kyle, who has been a board member, previously led Timken from 2014 to 2024, overseeing its transformation into a global industrial leader.
TKR closed Monday's trading at $71.87 down $0.10 or 0.14 percent on the New York Stock Exchange.
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Business News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.