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Timken Awards Scholarships Valued at $540,000 to 17 Children of Employees Around the World

NORTH CANTON, Ohio, March 16, 2015 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) today awarded scholarships to 17 sons and daughters of Timken associates in 11 locations around the world. The Timken Company Charitable and Educational Fund, Inc. funds the scholarships, with a total value of up to $540,000 over four years. The program has awarded more than $21 million in scholarships since its founding in 1958.

Chairman John M. Timken, Jr., hosted a recognition event at World Headquarters in North Canton, Ohio, involving students and their parents. Local scholarship finalists attended the event in person, while other finalists and their parents joined by a global webcast. "As we continue our company's long-standing tradition of promoting education and know-how for our associates and their families, it's an honor to invest in such outstanding students and support them in pursuing their dreams," Timken said. "The 2015 Timken Global Scholars join an elite group, and today we recognize our newest scholars for their impressive academic achievements, extracurricular activities and community commitment."

The $35,000 Henry Timken Scholar Award, which recognizes the top-ranked applicant, is renewable for up to three additional years for a total of $140,000. This year's Henry Timken Scholar is Bogdan Konnerth, the son of Octavian Konnerth, Timken service engineering manager based in Ploiesti, Romania. Bogdan, a graduating senior at Ion Luca Caragiale National College in Ploiesti, plans to study aerospace engineering at the University of Liverpool.

The $25,000 Jack Timken Scholar Award was presented to Mianna Schut, the daughter of Jeffrey Schut, principal inventory planner at World Headquarters. This new award, recognizing the dedicated service of Ward J. Timken, who retired last year from The Timken Company's Board of Directors, is renewable for up to three additional years for a total of $100,000. After graduation from GlenOak High School in Canton, Ohio, Mianna plans to study nursing at Walsh University.

Five students received $10,000 scholarships, renewable for up to three additional years for a total value of $40,000 each.

Dan Alexandru Constantin, the son of Aurelian Constantin, senior process design engineer in Ploiesti. A senior at the National College Nikita Stanescu in Ploiesti, Dan plans to study IT engineering at Polytechnic University of Bucharest.

Samuel Lanier, the son of Tracy Lanier, analyst at the company's Lincolnton plant in North Carolina. After graduating from Lincolnton High School, Samuel plans to study material sciences and engineering at North Carolina State University.

Shefali Roy, the daughter of Kamlesh Roy, senior line engineer at the company's facility in Jamshedpur, India. A senior at Hill Top School in Jamshedpur, Shefali plans to study science at the University of Delhi.

Ryan Springer, the son of Thomas Springer, program manager at World Headquarters. A graduating senior at Hoover High School, Ryan plans to study engineering or computer science at The Ohio State University.

Zoe Yu, the daughter of Zai Zhang, manufacturing technician at the plant in Lebanon, N.H. The senior at Hanover High School in Hanover, N.H., plans to study engineering at Princeton University.

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