The Timken Company announced changes to its Board of Directors following a meeting on January 21, 2025. The Board approved an expansion of its membership from twelve to thirteen and elected Kimberly K. Ryan as a new director. Ms. Ryan, currently the President and Chief Executive Officer of Hillenbrand, Inc., will serve a term that expires at the company's 2025 Annual Meeting of Shareholders. Additionally, she will join the Audit and Compensation Committees.

Ms. Ryan will receive compensation in line with other non-employee directors, as detailed in the company’s March 2024 definitive proxy statement filed with the SEC. She will also enter into The Timken Company's standard director indemnification agreement.