A thrust bearing assembly configured to reduce the axial displacement of a shaft includes a stationary thrust bearing, a thrust runner adjacent to the thrust bearing and a taper sleeve driver. The thrust runner includes a central passage. The taper sleeve driver includes an interior surface in contact with the shaft and an exterior surface in contact with the central passage of the thrust runner. The taper sleeve driver has a tapered exterior surface that applies a radially directed clamping force against the thrust runner as the taper sleeve driver is engaged within the central passage.