Philip D. Fracassa is executive vice president, and chief financial officer. He is also an officer of the Timken Company.
Named to his current position in 2014, Fracassa leads the Timken global finance organization, including external reporting, treasury, tax and trade, financial planning and analysis, internal audit, risk management and investor relations. In addition, he oversees global enterprise shared services and government affairs.
In 2012, Fracassa served as senior vice president for corporate planning and development. He directed the development of enterprise-wide strategy, including the evaluation and execution of inorganic growth initiatives. He also led the project to complete the spin off the company’s steel business in 2014.
Fracassa 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, Fracassa 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, Fracassa is a member of Financial Executives International, the Manufacturers Alliance for Productivity and Innovation (MAPI) and the Association for Corporate Growth. He sits on the Regional Advisory Board for FM Global, a world leader in commercial and industrial property insurance and loss prevention engineering. Fracassa also serves on the Board of Directors for the American Red Cross – Northeast Ohio Region and Walsh University (North Canton, Ohio).
Fracassa 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.