Tim Timken Becomes Chairman of Team NEO
6/30/2011
For additional information, contact:
Jenny Febbo
216.363.5426 (o)
440.258.8805 (c)
jfebbo@teamneo.org
TIM TIMKEN BECOMES CHAIRMAN OF TEAM NEO
Paul Clark Named Vice-Chairman
AKRON & CLEVELAND, Ohio, June 30, 2011 — The governing board of trustees of Team Northeast Ohio (Team NEO) announced today that Ward J. “Tim” Timken, Jr., chairman of the board of directors for The Timken Company, has assumed the role of chairman for the region’s non-profit business attraction organization. He succeeds Christopher M. Connor, Chairman & CEO of The Sherwin-Williams Company, who has been the organization’s chairman since 2008.
“Tim’s leadership with a global company will benefit our mission of attracting new businesses to the region,” said Tom Waltermire, CEO of Team NEO. “Tim continues our tradition of strong, regionally-minded Team NEO chairmen. We look forward to working with him to carry on the legacy of Chris’ great work and inspiring leadership.”
In addition, Paul Clark, Regional President for PNC Bank, has been named vice-chairman and will become Team NEO’s chairman in June, 2013.
“Paul is committed to the success of the region,” said Waltermire. “He will add depth to our leadership and help the organization thrive and continue to contribute to the region’s economic resurgence.”
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.”
Connor steps down after a highly successful tenure, during which the organization redirected its mission to focus solely on attracting new businesses to the region. During his term, Team NEO brought 36 new companies to the region, resulting in more than 2,500 new jobs and $100M in annual payroll.
“We owe tremendous gratitude to Chris Connor for guiding Team NEO through strategic transformations that included new targeted industry channels in biomedical and advanced energy,” said Waltermire. “He also led the organization through the launch of international and minority-owned business attraction efforts.”
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 Paul Clark
Paul Clark is regional president of PNC Bank, Cleveland.
Clark, a 35-year financial services veteran, joined PNC through its acquisition of National City Corporation in December 2008. He began his career at National City in 1976 as a management trainee in Consumer Finance. He was later promoted to vice president of National City Bank and named senior vice president of Corporate Banking in 1989, a position through which he led Cleveland area lending from 1992-1995.
From 1995-97, Clark served as executive vice president of Retail Banking at National City Bank of Pennsylvania. He was later named president and chief executive officer of National City Bank of Michigan/Illinois following the merger of National City with First of America Bank Corporation. In 2000, Clark was appointed executive vice president of Institutional Asset Management and chairman of National City Investment Management Company until his appointment as president of Northern Ohio banking in 2004.
He is active in a number of civic and business organizations, serving on the boards of directors of Baldwin-Wallace College, Cleveland Rock and Roll, Inc., Great Lakes Science Center, Maltz Museum of Jewish Heritage, Playhouse Square Foundation, Team NEO, The Union Club, The United Way of Greater Cleveland, University Circle, Inc., University Hospitals Health Systems, Inc. and the Greater Cleveland Partnership.
Clark holds a bachelor’s degree in history from Denison University and a master’s degree in business administration from Baldwin-Wallace College. In June 2010 he was granted a doctor of humane letters degree from Baldwin-Wallace College. He is also a graduate of the Stonier School of Banking.
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 47 new company expansions or relocations, 3,800 new jobs and more than $151M in annual payroll to Northeast Ohio, leading to a total annual regional payroll benefit of $257M.
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