Listen: Tim Timken Private Enterprise: A Cornerstone of American Democracy — 43:44

Ward J. "Tim" Timken, Jr. is chairman of the board of directors of The Timken Company. He was elected to the board in 2002 and later served as vice chairman prior to being named chairman in 2005.

Previously Timken served as president of the company’s Steel Group, leading it to record levels of profitability.

In 2000, Timken served as corporate vice president in the Office of the Chairman. Responsible for strategy development, he played a pivotal role in the acquisition and integration of The Torrington Company, by far the largest acquisition in the company’s history. The addition of Torrington doubled the size of The Timken Company and significantly expanded its product breadth and capabilities for friction management and powertrain solutions.

His other positions at the company included key postings in Europe and Latin America in the 1990s. While in Europe, he led a team to acquire bearing-making assets in Romania and other regions in Central and Eastern Europe. In Latin America, he was responsible for all operations and sales from Mexico to Argentina.

Before joining The Timken Company in 1992, he opened and managed the Washington, D.C., office of McGough & Associates, a Columbus, Ohio-based government affairs consulting firm.

He holds a bachelor’s degree in marketing from Georgetown University and a Master of Business Administration from the Darden School at the University of Virginia.

Timken is a member of the board of directors of Pella Corporation. He also serves on several other boards, including the American Iron and Steel Institute of which he is past chairman, the National Association of Manufacturers Executive Committee, the Ohio Business Development Council, the Ohio Business Roundtable Executive Committee, Team NEO, the Stark Development Board, Firestone Country Club, the Timken Foundation and the Timken Charitable Trust.