Lucian Boldea
New CEO Boldea is a "restructuring specialist" whose experience expanding margins at Honeywell and overseeing divestitures at Eastman makes him the right fit for Timken's turnaround.
At Timken, Boldea is tasked with executing a $75M cost-savings program, divesting the low-margin Automotive OE business, and refocusing the portfolio to accelerate growth.
Sources say Boldea has an "elite strategic intellect" and "financial acumen," but also note a demanding style and lack of transparency as potential weaknesses.
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