Timken appointed Stephen P. Ribaudo as Executive Vice President and Chief Operating Officer, effective September 1, 2026.
| IndividualStephen P. Ribaudo | RoleExecutive Vice President and Chief Operating Officer | Type of ChangeAppointed | Effective DateSeptember 1, 2026 | ReasonNot disclosed | Replacement InfoNot disclosed | Background DetailsAge 41; SVP & GM, Commercial HVAC Americas at Carrier since Apr 2026; prior Carrier roles from Mar 2022; previously Exec Director, Wheel & Brake Operations at Collins Aerospace (Sep 2020–Mar 2022). | Board/Committee Role ChangesNot disclosed | CompensationBase salary $670,000; 2026 short-term incentive (target 80% of base); 2026 long-term equity target ≥ $1,794,000 (RSUs & performance RSUs); $250,000 sign-on cash; $1,000,000 make-whole RSU vesting 1/3 over 3 years; standard benefits. | Severance/AgreementsWill enter Severance Agreement providing specified severance, continued benefits, prorated incentive; qualifying termination: cash = base + target incentive (or 2x within 2 years of change in control); subject to release and restrictive covenants; will sign standard NDA, restrictive covenants and indemnification agreement. |
Original SEC Filing:
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