Timken Names Philip Fracassa CFO - Quick Facts

(RTTNews) - The Timken Company (TKR) said its board of directors have appointed Philip Fracassa as chief financial officer or CFO of The Timken Company.

In this role, Fracassa will be responsible for global finance activities for Timken, including external reporting, treasury, tax, financial planning and analysis, internal audit, risk management and investor relations, the company said.

In addition, he will oversee information technology and enterprise services, and maintain leadership of the project to spin off the steel business from The Timken Company, an initiative that is expected to be completed later this year, Timken stated.