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The Timken Company board of directors has reached an agreement with Tarak Mehta to become Timken's next president and chief executive officer Sept. 5, 2024. Mehta is currently president of the Motion business and member of the Group Executive Committee at ABB Ltd., a $32 billion leader in electrification and automation. Mehta will be appointed Timken president and CEO after he completes a transition period with ABB.
The international automotive supplier Forvia Hella receives the John Deere Award in the sustainability category. The leading manufacturer of agricultural machinery honors Forvia Hella for its heat recovery system at the Großpetersdorf site in Austria. The system saves around 175,000 kilowatt hours of natural gas per year and therefore around 32,000 kilograms of CO2. The award was presented at the John Deere European Supplier Conference in March 2024 in Mannheim, Germany.
SKF has decided to join and co-fund Mission 0 to contribute to the development of groundbreaking technologies and deliver solutions to eliminate greenhouse gas (GHG) emissions in materials, production and end-of-life of passenger cars. In an initial pilot project, SKF will collaborate with academia and industry experts in a research arena to solve GHG emissions in materials and processes that require new knowledge or disruptive technologies.