On February 13, 2026, The Timken Company announced that James F. Palmer will retire from the Board effective March 31, 2026, to facilitate the transition of the Audit Committee Chair role to Sarah C. Lauber. The retirement was mutually agreed upon and not due to any disagreement or financial issues.
Key takeaways
James F. Palmer will retire effective March 31, 2026.
Mr. Palmer currently serves as Chair of the Audit Committee and a member of the Compensation Committee.
Sarah C. Lauber is designated to succeed Mr. Palmer as Chair of the Audit Committee.
The departure was mutually agreed upon to support a planned transition.
The retirement was not the result of any financial or accounting issue or disagreement.