Lincoln Electric Names Steven B. Hedlund as President of Both the Americas Welding and International Welding Segments
October 21 2020 - 4:30PM
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”),
announced today that Steven B. Hedlund will serve as Executive Vice
President and President of both the Americas Welding and
International Welding segments. Regional presidents in the
Americas, EMEAR and Asia Pacific will report directly to him.
In this newly expanded role, Hedlund will lead the
welding segments’ Higher Standard 2025 Strategy initiatives to
advance growth and enhance margin and return performance. Strategic
investments in standardized IT systems, operational processes,
shared service centers, and joint product development platforms
have further aligned the regional welding businesses and enable a
more effective leadership structure.
“During Steve’s tenure at Lincoln Electric, his
valuable leadership and contributions have advanced our growth in
automation and our competitive position and long-term profitable
growth opportunities in international markets,” said Christopher L.
Mapes, Chairman, President and CEO of Lincoln Electric.
“Centralized oversight and greater organizational, system and
process alignment will accelerate our Higher Standard commercial
growth goals and support our operational initiatives to drive
long-term value for our stakeholders.”
Hedlund joined
Lincoln Electric in 2008 and has served as Executive Vice
President, President of International Welding since 2017. He
previously served as President of Global Automation and as Vice
President, Strategy and Business Development. Prior to Lincoln
Electric, Mr. Hedlund was with Fortune Brands, Inc., where he was
Vice President of Growth and Innovation for the Company’s Master
Lock subsidiary and Vice President, Strategic Planning and New
Business Development for Fortune’s Home and Hardware Group.
Previously, he was a principal with the management consulting firm
Booz Allen & Hamilton in Cleveland, Ohio. Mr. Hedlund earned a
bachelor’s degree and an MBA from Dartmouth College.
About Lincoln Electric
Lincoln Electric is the world leader in the
design, development and manufacture of arc welding products,
automated joining, assembly and cutting systems, plasma and
oxy-fuel cutting equipment, and has a leading global position in
brazing and soldering alloys. Headquartered in Cleveland, Ohio,
Lincoln Electric has 59 manufacturing locations in 18 countries and
a worldwide network of distributors and sales offices covering more
than 160 countries. For more information about Lincoln Electric and
its products and services, visit the Company’s website at
https://www.lincolnelectric.com.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bee00a1e-b1db-4cd1-8156-d13099273305
Contact
Amanda Butler
Vice President, Investor Relations & Communications
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
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