Lucian Boldea joins Timken from Honeywell, where he served as President and CEO of Industrial Automation, a global business segment with over $10 billion in sales, 31,000 employees and 70 manufacturing sites worldwide. With more than 25 years of industry experience, he brings a demonstrated record of strategic leadership and innovation.
Ethisphere Institute – a global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success – today announced that Timken is among its class of 2023 honorees.
After deep analysis, AWP made the decision to change their name to AWP Safety to position the company for safety innovation and leadership beyond traffic control. The new name reflects the company’s increased scale, specialized expertise, innovative offerings, and its plans for future growth.
Timken reported fourth-quarter 2022 sales of $1.08 billion, up 7.4 percent from the same period a year ago. The increase was driven by strong organic growth across most end-market sectors, and the favorable impact of acquisitions.
Area Wide Protective (AWP), America's leading safety company, has entered into definitive agreements to acquire two leading traffic control providers, MOTPlans and CrossRoads. The acquisitions strengthen AWP's existing leadership in the maintenance of traffic (MOT) planning, safety equipment sales and rental, and installation services.