TIMKEN (TKR)
Sector: Industrials
Sector: Industrials
TIMKEN - Executive Compensation
Former Executive Vice President and Chief Financial Officer
Executive Compensation
Philip D. Fracassa serves as the Executive Vice President and Chief Financial Officer at The Timken Company, a global leader in engineered bearings and industrial motion products. With a robust background in finance and strategic management, Fracassa has been instrumental in steering TIMKEN's financial strategies since joining the company in 2008. Prior to his current role, he held various positions within the company, including Vice President of Finance and Corporate Controller, which provided him with a deep understanding of TIMKEN's operational and financial dynamics. Throughout his tenure at TIMKEN, Fracassa has been recognized for his significant contributions to the company's growth and profitability. He played a pivotal role in the successful acquisition and integration of several key businesses, enhancing TIMKEN's market position and expanding its product portfolio. His strategic foresight and financial acumen have been crucial in navigating the company through economic fluctuations, ensuring sustainable growth and shareholder value. As CFO, Fracassa oversees all financial aspects of the company, including financial planning and analysis, treasury, tax, and investor relations, driving TIMKEN's financial health and operational excellence. In addition to his professional achievements at TIMKEN, Fracassa is actively involved in the broader business community. He serves on the board of directors for several organizations and is a frequent speaker at industry conferences, sharing insights on financial strategy and corporate governance. His leadership and dedication to excellence have not only propelled TIMKEN to new heights but have also established him as a respected figure in the finance and manufacturing sectors.