The Timken Company Elects Officers
8 November 1999
The Timken Company Elects Officers THE TIMKEN COMPANY LOGO The Timken Company, Worldwide Leader in Bearings and Steel. (PRNewsFoto)[KC] CANTON, OH USA 10/12/1999CANTON, Ohio, Nov. 8 -- At a regular meeting of The Timken Company's board of directors on November 5, two new officers were elected to serve as secretary and treasurer. Scott A. Scherff was elected an officer and named corporate secretary. Sallie Ballantine Bailey was elected an officer and named director - finance and treasurer. (Photo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) The responsibilities of secretary and treasurer were held formerly by Larry R. Brown, senior vice president and general counsel, and Gene E. Little, senior vice president - finance, respectively. "This reassignment of responsibilities reflects the increasing scope of our financial and legal work as a result of the continued growth of our company," said W. R. Timken, Jr., chairman and chief executive officer. Mr. Scherff's responsibilities as corporate secretary will include corporate governance, Securities and Exchange Commission matters, and continued direction of legal services. "Scott's knowledge of our company and experience in legal matters has served our company well," said Mr. Brown. "This added role as secretary is a natural extension of the critical work he has been doing through the years." Ms. Bailey's responsibilities as treasurer will include cash and asset management, monitoring working capital and business financial performance, merger and acquisition financing needs, and banking relationships. "We are fortunate to have on our team a person of Sallie's caliber to fill this key position that has been growing significantly in scope and importance," said Mr. Little. Ms. Bailey joined the company in 1995 as director - finance. Prior to joining Timken, she served in various positions at Tenneco, Inc., the last assignment being as assistant treasurer. She began her career in Chicago as an auditor at Deloite and Touche. A graduate of Western Reserve Academy in Hudson, Ohio, Ms. Bailey earned a bachelor's degree in economics and German from Wellesley College in Wellesley, Massachusetts, and a master's degree in business administration from The University of Chicago. Mr. Scherff joined the company in 1979 as an attorney. He has held several subsequent positions, including assistant superintendent - labor relations, senior corporate attorney, and director - legal services and assistant secretary, his most recent position. A graduate of Mansfield High School in Mansfield, Ohio, Mr. Scherff earned a bachelor's degree in economics and a juris doctorate in law, both from The Ohio State University. The Timken Company ( http://www.timken.com ) is a leading international manufacturer of highly engineered bearings and alloy steels with operations in 25 countries. The company employs about 21,000 people worldwide and reported 1998 sales of more than U.S. $2.6 billion.