Bearings and industrial motion products maker Timken has found its next top leader.

The North Canton, OH company has reached a deal with Tarak Mehta — currently President of ABB’s Motion business — for him to become Timken’s new President and CEO on Sept. 5 of this year.

Mehta will officially be appointed Timken’s President and CEO after he completes a transition period with ABB, according to a March 27 news release.

Timken’s current President and CEO, Richard Kyle, will remain in those roles until Mehta’s appointment date. At that time, Kyle will transition into an advisory role to assist with the leadership change. He plans to retire as a Timken employee following a decade as its top executive, but will continue to serve on Timken’s Board of Directors.

Mehta has 35 years of industry experience, including the past 26 years at ABB. Timken noted that his experience leading the industrial robotics maker’s Motion business has involved accelerating organic growth and innovation across global industrial markets, scaling business portfolios through M&A transactions and helping customers save energy and improve efficiency. Mehta’s ABB tenure has included serving in a variety of global business leadership positions, including President of Electrification Products.

Mehta will join the Timken team in North Carnton, OH and is expected to be appointed to the company’s Board of Directors at a later date.

“Today’s announcement is the result of a leadership succession plan and follows a comprehensive CEO selection process led by the Board,” Timken Chairman, John Timken, Jr. said.  “Bringing on a seasoned industry executive like Tarak as CEO underscores the Board’s commitment to advancing Timken’s industrial diversification strategy. Tarak is an accomplished and highly respected global executive. He is exceptionally qualified to lead Timken through our next chapter of growth and has a proven track record of developing global teams and operational excellence.”

As the company’s outgoing CEO, Kyle joined Timken in 2006 and was appointed president and CEO in 2014. As CEO, he established the company’s Engineered Bearings and Industrial Motion business units.

“Timken stands stronger today than at any time in our 125-year history, reflecting Rich’s leadership and stewardship as CEO,” John Timken added.

Learn more in Timken’s news release here.

Timken had 2023 revenues of approximately $4.8 billion.