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Timken: SVP and corporate controller Ted Mihaila to retire

TimkenThe Timken Company, a manufacturer of bearings, announced that J. Ted Mihaila, SVP and corporate controller will retire December 1, 2016 after more than 41 years of service with the company.

Mr. Mihaila joined Timken in 1975 and during his career held a number of different accounting and finance roles, including manager of accounting, general manager of business economics, director of internal audit and vice president and controller for the company's former Industrial Bearings segment.

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Mr. Mihaila was named to his present position of senior vice president and corporate controller in 2006.

He currently serves on the board of directors of Habitat for Humanity East Central Ohio and is a member of the advisory boards of The University of Akron's George W. Daverio School of Accountancy and Walsh University's DeVille School of Business.

In connection with Mr. Mihaila's retirement, Shelly M. Chadwick has been appointed vice president finance and chief accounting officer, effective November 1, 2016.

Ms. Chadwick joined Timken in 2011 as assistant corporate controller and in 2013 became controller of the company's Process Industries segment.

In 2014, she was named vice president of treasury with her responsibilities expanded thereafter to include investor relations.

Prior to joining Timken, Ms. Chadwick was vice president of finance and chief financial officer at Eckart America and previously held financial leadership roles at Noveon Inc. and BF Goodrich.

Ms. Chadwick holds a bachelor's degree in business management and finance from Westfield State University and a master's degree in business administration from Anna Maria College, both in Massachusetts.




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