PITTSBURGH, Oct. 26,
2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT)
announced today that its Board of Directors has unanimously
appointed William M. Lambert as
Chairman of the Board effective November 1,
2023. Lambert succeeds Lawrence W.
Stranghoener, who is stepping down from the Chairman role
after serving as either Chairman of the Board or Independent Lead
Director since 2015.
This change is in line with the Company's overall corporate
governance and succession planning process. The underlying
composition of the Board is unaffected, and Stranghoener will
remain on the Board of Directors and serve on its Audit
Committee.
"Bill has been a valuable member of our board of directors since
2016 and is perfectly suited to step into the role of Chairman,"
said Stranghoener. "His extensive experience in global
manufacturing, business strategy, product development and finance
will serve the company well as we continue to advance our growth
and innovation strategy to drive above market growth and margin
expansion and deliver for our shareholders."
About Lambert
William (Bill)
Lambert has been an independent director of the Kennametal
Board since 2016 and has been chair of the Audit Committee since
2019. He is also a member of the Board of Directors of MSA Safety
Incorporated ("MSA"), a global leader in the manufacture and supply
of workplace safety products. He is the retired President and Chief
Executive Officer of MSA, having served in this position from 2008
until May 2018.
Lambert has been a director on MSA's Board since 2007, holding
the Chairman position from May 2015
through May 2020. He joined MSA in
1981 as a design engineer and over the years served the company in
a variety of capacities of increasing responsibility.
Lambert previously served on the Board of Directors of EQT
Corporation, a natural gas producer, from November 2018 through July
2019. He has achieved "Fellow" status with the National
Association of Corporate Directors (NACD).
He holds a Bachelor's degree in Mechanical Engineering from
Penn State University and a Master's
degree in Industrial Administration from Carnegie Mellon University.
About Kennametal
With over 80 years as an
industrial technology leader, Kennametal Inc. delivers
productivity to customers through materials science, tooling and
wear-resistant solutions. Customers across
aerospace and defense, earthworks, energy,
general engineering and transportation turn
to Kennametal to help them manufacture with precision and
efficiency. Every day approximately 8,700 employees are
helping customers in nearly 100 countries stay
competitive. Kennametal generated $2.1
billion in revenues in fiscal 2023. Learn more
at www.kennametal.com. Follow @Kennametal: X
(formerly Twitter), Instagram, Facebook, LinkedIn and
YouTube.
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SOURCE Kennametal Inc.