NEW YORK (Associated Press) – The Timken Co., which makes engineered bearings (Deep Groove Ball Bearings Tapered Roller Bearings )and alloy and specialty steel products, said Monday its senior vice president of innovation and growth will leave the company amid a restructuring.

Jacqueline A. Dedo will leave, effective March 31.

Timken said the move is part of a reorganization of the innovation and growth division.

In January, Timken said fourth-quarter earnings rose more than 36 percent, helped by strong industrial sales.

Shares fell 26 cents to $29.27 during aftermarket trading, after closing up 49 cents at $29.53.