Team Neo Names Tim Timken as Vice-Chairman

12/13/2010

For additional information, contact:                Nina Holliday 
                                                                  216.363.5428 (o) 
                                                                  216.218.6462 (c) 
                                                                  nholliday@teamneo.org 




          TEAM NEO NAMES TIM TIMKEN AS VICE-CHAIRMAN

AKRON & CLEVELAND, Ohio, December 13, 2010 — Team Northeast Ohio’s (Team NEO) governing Board of Trustees has elected Ward J. “Tim” Timken, Jr. as its vice-chairman. Timken is Chairman of the Board of Directors for The Timken Company.

“Tim has been a long time board member, supporting Team NEO’s efforts of attracting new business investment to Northeast Ohio,” said Christopher M. Connor, Chairman of the Board for Team NEO and Chairman & CEO of The Sherwin-Williams Company.

Tim Timken will become Team NEO’s Chairman in June, 2011. “As a prominent business leader from Canton and Stark County, Tim will continue the tradition of strong, regionally-minded Team NEO Chairs. The entire 16-county Cleveland Plus region will benefit from his strong leadership in this role with Team NEO,” said Connor.

Timken said, “Coming from a global company based here in Northeast Ohio, I want prospects to understand the advantages that the region has to offer. From world class innovations to advanced manufacturing in a range of industries, we have it all.”

About Ward J. “Tim” Timken, Jr.


Ward J. “Tim” Timken, Jr. is chairman of the board of directors of The Timken Company. He was elected to the board in 2002 and later served as vice chairman prior to being named chairman in 2005.

Previously Timken served as president of the company’s Steel Group, leading it to record levels of profitability.

In 2000, Timken served as corporate vice president in the Office of the Chairman. His other positions at the company included key postings in Europe and Latin America in the 1990s. While in Europe, he led a team to acquire bearing-making assets in Romania and other regions in Central and Eastern Europe. In Latin America, he was responsible for all operations and sales from Mexico to Argentina.

Before joining The Timken Company in 1992, he opened and managed the Washington, D.C., office of McGough & Associates, a Columbus, Ohio-based government affairs consulting firm.

Timken was recently appointed to serve on the U.S. Manufacturing Council, which advises the Secretary of Commerce on matters relating to sector, competitiveness, and government policies and programs that affect U.S. manufacturers. Additionally, he serves on the board of directors of Pella Corporation. He also serves on several other boards, including the American Iron and Steel Institute of which he is past chairman, the National Association of Manufacturers Executive Committee, the Ohio Business Development Council, the Ohio Business Roundtable Executive Committee, Team NEO, the Stark Development Board, Firestone Country Club, the Timken Foundation and the Timken Charitable Trust.

He holds a bachelor’s degree in marketing from Georgetown University and a Master of Business Administration from the Darden School at the University of Virginia.


About Team NEO

Team NEO advances Northeast Ohio’s economy by attracting businesses worldwide to the 16-county Cleveland Plus region. The organization is a joint venture of the region's largest metro chambers of commerce. Since 2007, the organization has attracted 41 new company expansions or relocations, 3,500+ new jobs and more than $135M in annual payroll to Northeast Ohio, leading to a total annual regional payroll benefit of $350M.


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