In order to help streamline strategic planning and innovation processes, The Timken Company has announced an organizational change for its Growth and Innovation Leadership Team. The changes will take effect March 31. "Creating customer value through innovation has always been the lifeblood of our company," says James W. Griffith, Timken's president and chief executive officer. "With this reorganization, we expect to further strengthen our processes for value creation." As a result of the changes, Jacqueline A. Dedo, who most recently held the position of senior vice president of Innovation and Growth, is leaving the company. "Jacqui led a major part of our company at a difficult time in the history of the U.S. automotive industry," says Griffith. "In her previous position as president of the Automotive Group and most recently as the senior vice president of Innovation and Growth, she made important contributions to our company's success. We wish her well in her future endeavors." Senior Vice President of Technology Alastair R. Deane, who previously reported to Dedo, will report to Griffith, beginning March 31. Deane oversees Timken's global network of technical centers and is responsible for leading the company's technology and innovation efforts worldwide. For more information about The Timken Company, visit its Web site. |