Philip D. Fracassa is executive vice president, chief financial officer and an officer of the Timken Company.
Fracassa has been instrumental in developing and executing the company’s strategy to create shareholder value, which is focused on driving profitable growth, operating with excellence and deploying capital to achieve the highest returns. The result is a financially stronger company, delivering greater returns and cash flow and a more diversified portfolio that positions Timken to perform better through a cycle.
Fracassa previously served as senior vice president, corporate planning where he led transformative changes to reposition the company. Notably, he directed the development of Timken’s inorganic growth strategy and led the spin-off of Timken’s former steel business.
Fracassa joined Timken in 2005 and held several key finance positions during his tenure, including senior vice president, tax and treasury, and senior vice president and group controller.
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 and the Manufacturers Alliance for Productivity and Innovation (MAPI). He sits on the Cleveland Regional Advisory Board for FM Global, a world leader in commercial and industrial property insurance and loss prevention engineering. He also serves as a member of the board for both Walsh University and the American Red Cross of Northeast 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.