Timken Names Michael A. Discenza Chief Financial Officer
Timken (NYSE: TKR), a global engineered bearings and industrial motion technology company, has appointed Michael A. Discenza as its new Vice President and Chief Financial Officer, effective immediately. Discenza, a 25-year veteran of the company, previously served as vice president of finance and group controller for 10 years.
Discenza succeeds Philip D. Fracassa, who is departing to pursue other opportunities after nearly 12 years as CFO. The new CFO brings extensive experience in financial leadership, accounting, external reporting, and investor relations. Timken, which operates in 45 countries with approximately 19,000 employees, reported $4.6 billion in sales for 2024.
Timken (NYSE: TKR), azienda globale specializzata in cuscinetti ingegnerizzati e tecnologie di movimento industriale, ha nominato Michael A. Discenza vicepresidente e direttore finanziario, con effetto immediato. Discenza, che vanta 25 anni in azienda, 猫 stato precedentemente vicepresidente delle finanze e group controller per dieci anni.
Subentra a Philip D. Fracassa, che lascia l'incarico dopo quasi 12 anni come CFO per perseguire altre opportunit脿. Il nuovo direttore finanziario porta con s茅 ampia esperienza nella leadership finanziaria, nella contabilit脿, nella reportistica esterna e nelle relazioni con gli investitori. Timken opera in 45 paesi con circa 19.000 dipendenti e ha registrato 4,6 miliardi di dollari di ricavi nel 2024.
Timken (NYSE: TKR), una empresa global de rodamientos dise帽ados y tecnolog铆a de movimiento industrial, ha nombrado a Michael A. Discenza como su nuevo vicepresidente y director financiero, con efecto inmediato. Discenza, veterano de la compa帽铆a con 25 a帽os, se desempe帽贸 anteriormente como vicepresidente de finanzas y controller de grupo durante diez a帽os.
Releva a Philip D. Fracassa, quien deja el cargo tras casi 12 a帽os como CFO para buscar otras oportunidades. El nuevo director financiero aporta amplia experiencia en liderazgo financiero, contabilidad, reporting externo y relaciones con inversores. Timken opera en 45 pa铆ses con aproximadamente 19.000 empleados y registr贸 4.600 millones de d贸lares en ventas en 2024.
Timken (NYSE: TKR)鞚� 旮�搿滊矊 鞐旍雼堨柎霌� 氩犾柎毵� 氚� 靷办梾鞖� 氇厴 旮办垹 旮办梾鞙茧, Michael A. Discenza毳� 鞁犾瀯 攵�靷灔 瓴� 斓滉碃鞛毂呾瀯鞛�(CFO)搿� 歃夓嫓 鞛勲獏頄堨姷雼堧嫟. 須岇偓鞐愳劀 25雲勳潉 攴茧頃� Discenza電� 鞚挫爠鞐� 10雲勱皠 鞛 攵�靷灔 瓴� 攴鸽９ 旎姼搿る煬毳� 毵§晿鞀惦媹雼�.
攴鸽姅 瓯办潣 12雲勱皠 CFO毳� 鞐瀯頃� Philip D. Fracassa鞚� 霋るゼ 鞛囲姷雼堧嫟. Fracassa電� 雼るジ 旮绊殞毳� 彀眷晞 須岇偓毳� 霒犽偐雼堧嫟. 靸� CFO電� 鞛 毽崝鞁�, 須岅硠, 鞕鸽秬 氤搓碃 氚� 韴瀽鞛� 甏�瓿� 攵勳暭鞐愳劀 韽創鞚� 瓴巾棙鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. Timken鞚� 45臧滉淡鞐愳劀 鞎� 1毵�9,000氇呾潣 歆侅洂鞚� 霊愱碃 鞛堨溂氅�, 2024雲� 毵れ稖鞚� 氙疙檾 46鞏� 雼煬鞓赌鞀惦媹雼�.
Timken (NYSE: TKR), entreprise mondiale sp茅cialis茅e dans les roulements techniques et les technologies de mouvement industriel, a nomm茅 Michael A. Discenza nouveau vice-pr茅sident et directeur financier, avec effet imm茅diat. Discenza, pr茅sent dans l'entreprise depuis 25 ans, a pr茅c茅demment occup茅 pendant dix ans le poste de vice-pr茅sident des finances et de contr么leur de groupe.
Il succ猫de 脿 Philip D. Fracassa, qui quitte ses fonctions apr猫s pr猫s de douze ans en tant que CFO pour poursuivre d'autres opportunit茅s. Le nouveau directeur financier apporte une vaste exp茅rience en direction financi猫re, comptabilit茅, reporting externe et relations investisseurs. Timken est pr茅sent dans 45 pays, emploie environ 19 000 personnes et a d茅clar茅 4,6 milliards de dollars de ventes pour 2024.
Timken (NYSE: TKR), ein weltweit t盲tiges Unternehmen f眉r technische W盲lzlager und industrielle Bewegungstechnologie, hat Michael A. Discenza mit sofortiger Wirkung zum neuen Vice President und Chief Financial Officer ernannt. Discenza, der seit 25 Jahren im Unternehmen ist, war zuvor zehn Jahre lang Vice President Finance und Group Controller.
Er folgt auf Philip D. Fracassa, der nach fast 12 Jahren als CFO das Unternehmen verl盲sst, um sich anderen M枚glichkeiten zu widmen. Der neue CFO bringt umfassende Erfahrung in Finanzf眉hrung, Rechnungswesen, externer Berichterstattung und Investor Relations mit. Timken ist in 45 L盲ndern t盲tig, besch盲ftigt rund 19.000 Mitarbeiter und meldete 4,6 Milliarden US-Dollar Umsatz im Jahr 2024.
- Internal promotion demonstrates strong succession planning and organizational stability
- New CFO brings 25 years of company experience and deep institutional knowledge
- Company shows strong market presence with $4.6B in sales and operations in 45 countries
- Departure of experienced CFO Philip Fracassa after 12 years could create temporary transition challenges
"Mike is an exceptional leader with strong financial expertise, strategic vision and a commitment to operational excellence," said Richard G. Kyle, president and CEO. "The Board and I are very confident in his ability to lead our global financial organization to drive Timken's growth and performance."聽
Since joining the company in 2000, Discenza has progressed through a variety of financial and accounting leadership roles. A trusted partner to the executive leadership team, Discenza combines extensive industry knowledge with financial expertise to optimize the performance of the business. His experience also includes accounting and external reporting, financial planning and analysis, investor relations and advising the Board's audit committee. He holds bachelor's and master's degrees in economics from The University of
Discenza succeeds Philip D. Fracassa, who is leaving Timken to pursue another opportunity. "We thank Phil for his many years of service and his nearly 12 years of leadership as chief financial officer," Kyle said. "We wish him the very best in his future endeavors."
About The Timken Company
The Timken Company (NYSE: TKR;听www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For more than 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted聽
Media Relations:
Scott Schroeder
234.262.6420
[email protected]
Investor Relations:
Neil Frohnapple
234.262.2310
[email protected]
View original content to download multimedia:
SOURCE The Timken Company
FAQ
Who is the new CFO of Timken (NYSE: TKR)?
What is Michael Discenza's experience at Timken (TKR)?
Who did Michael Discenza replace as Timken's CFO?
What were Timken's (TKR) sales in 2024?
What is Timken's (TKR) main business?
