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.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.