Canton, Oh., USA - September 10, 2013, Canton, Oh., USA - The Timken Company announced that Glenn A. Eisenberg, executive vice president of finance and administration and chief financial officer, plans to leave when company splits.
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Since joining Timken in 2001, Mr. Eisenberg has been instrumental in executing Timken’s global growth and financial strategies, including the acquisition of The Torrington Company. Prior to joining the company, Mr. Eisenberg served as president and chief operating officer of United Dominion Industries, a diversified industrial manufacturing company, prior to its acquisition by SPX Corporation.
At UDI, he also held the positions of president – test instrument segment, executive vice president and chief financial officer and vice president – planning and development. Before joining UDI in 1990, he was a vice president at the Citizens and Southern Corporation.
Mr. Eisenberg serves on the boards of directors for Family Dollar Stores Inc., where he chairs the Audit Committee, and Alpha Natural Resources Inc., where he is the lead independent director and chairs the Nominating and Corporate Governance Committee. In addition, he serves on the boards of Aultman Hospital, Akron-Canton Airport and the Manufacturers Alliance/MAPI.
He holds a bachelor’s degree in economics and environmental studies from Tulane University and a master’s degree in business administration from Georgia State University.
At that time, Philip D. Fracassa and Christopher J. Holding will be named chief financial officers of the two independent publicly traded companies.
Until Mr. Fracassa becomes chief financial officer of the global bearings and power transmission-focused Timken Company, he will continue to lead planning and development at Timken and assumes new responsibility for overseeing the project management office charged with facilitating the split of the two businesses.
Mr. Fracassa was named senior vice president – planning and development in 2012. He joined Timken in 2005 and held a variety of senior finance positions including vice president of tax, senior vice president of tax and treasury, and senior vice president and group controller of B&PT. He holds a bachelor's degree in accounting from the University of Detroit, a juris doctor degree from the University of Detroit Mercy School of Law, and is a certified public accountant. In 2011, he completed the Advanced Management Program at INSEAD.
Mr. Holding was named senior vice president of tax and treasury in 2010. He joined the company in 2004 as operations controller and was named industrial controller in 2006. He was controller of process industries from 2008 until he was named to his present position. Mr. Holding earned his bachelor's and master's degrees from the University of Cincinnati and is a certified public accountant.
Also at the time of the split, Mr. Holding is expected to become chief financial officer, and Donald L. Walker will become senior vice president of human resources of the new engineered steel company. Until then, Mr. Holding continues to lead tax and treasury and Mr. Walker retains his same role within The Timken Company. ■