Philip D. Fracassa serves as executive vice president and chief financial officer of The Timken Company.
Named to his position in 2014, Phil leads the Timken finance organization, including external reporting, treasury, tax, financial planning and analysis, internal audit, risk management and investor relations. In addition, he oversees information technology and enterprise shared services.
In 2012, Phil served as senior vice president for corporate planning and development. He was responsible for leading the development of enterprise-wide strategy, including the evaluation and execution of inorganic growth initiatives. He also led the project to spin off the steel business from The Timken Company, which was completed in June 2014.
Phil joined Timken in 2005 and has held several key finance positions, including senior vice president and group controller, and senior vice president of tax and treasury.
Prior to joining Timken, he was director of taxes for Visteon Corp. He began his career with Price Waterhouse in Detroit and served as a tax attorney with General Motors.
Currently, Phil is a member of Financial Executives International, the Manufacturers Alliance for Productivity and Innovation (MAPI) and the Association for Corporate Growth. He was included in Treasury & Risk magazine’s lists of 40 distinguished finance executives under the age of 40 (2007) and top 100 most influential persons in finance (2009). He sits on the Regional Advisory Board for FM Global, a world leader in commercial and industrial property insurance and loss prevention engineering. He serves on the Board of Directors for the American Red Cross – Northeast Ohio Region and Team Northeast Ohio (Team NEO).
A native of Detroit, Michigan, Phil holds a bachelor’s degree in accounting and a juris doctor degree in law from the University of Detroit Mercy. In 2011, he completed the Advanced Management Programme at INSEAD in France. He is a certified public accountant and licensed attorney in the state of Michigan.