Cincinnati Incorporated (CI), a North American provider of built-to-order machine tools, announced that after more than four years of service, Timothy Warning will be stepping down as president & CEO effective Jan. 1, 2025. At that time, Alan Oak will assume the company’s leadership position.
In a company statement, Oak is described as an accomplished C-suite executive with a history of creating vision and strategy while delivering top and bottom-line results, new market expansion and organic growth. He has a reputation for not only growing the top line, but also scaling the operation to support that growth.
Oak’s career began with BF Goodrich where he rose to vice president general manager of Engine Controls North America with P&L responsibility for the $180M Engine Controls business. During this time, he grew the business significantly. Most recently, he served as chief operating officer of Rhinestahl Corporation where he again delivered exponential growth. After graduating from the University of Cincinnati, College of Engineering with a B.S. in Mechanical Engineering, Oak earned a master’s in business administration from Drake University.
“Alan is known as a people leader by putting culture first, inspiring success, and high employee engagement,” said CINCINNATI Inc. owner, Christina March. “His experience, values, and leadership align closely with the legacy that we’ve built over more than a century. We’re forever grateful to Tim for his contributions and look forward to Alan building upon these successes to further solidify CINCINNATI’s market leadership.”
March explained that while Warning had planned to retire in 2025, he was persuaded to remain to assist with the transition and assume the Vice President & General Manager position recently vacated with the departure of Rakesh Kumar.
“Rakesh has had a major influence on our sales, after sales, service and marketing functions,” said March. “He has added tremendous value to our After Sales business and increased revenue significantly in our Service department. His value and contributions will be felt for years to come. Because of his relentless focus on quality and service, his leadership has resulted in increased revenues along with a strong and loyal customer base. We are deeply grateful for his service as he is a true voice for our customers.
“Tim’s contributions and continued dedication cannot be overstated. Under his leadership, the company has recorded unprecedented stability and growth. These accomplishments include the installation of strong processes, the implementation of new ERP, production, and quality systems. Along with significant investments into the business, streamlining operations, reducing business risk, and the acquisition of significant capital investment in equipment. We are naturally excited that Tim has agreed to remain with the company. This will afford a smooth transition while allowing us to continue to leverage his experience and leadership.”
