– USA, OH – Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced the election of current CEO and Board member Steve Hedlund to the additional role of Chair of the Board of Directors, effective January 1, 2025, to succeed Executive Chair Chris Mapes who will retire from the Board on December 31, 2024.
About Steven B. Hedlund
Steve Hedlund became President and CEO on January 1, 2024. He has been a member of the executive leadership team since joining Lincoln Electric in 2008 and has served in various senior management roles including COO, EVP, President of Americas Welding and the International Welding segments, and President of Global Automation. Before joining Lincoln Electric, he held various leadership roles at Fortune Brands, Inc. and served as principal at Booz Allen & Hamilton.
Steve Hedlund earned a bachelor’s degree and an MBA from Dartmouth College. He serves on the boards of the National Association of Manufacturers, the Manufacturers Alliance, and the Greater Cleveland Partnership.
“I am honored to assume the role of Chair of the Board of Directors in the year ahead and look forward to continuing to work with the Board and the leadership team to advance our strategic focus on growth, innovation, operational excellence, and employee engagement,” said Steve Hedlund.
About Lincoln Electric
Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly, and cutting systems, plasma, and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert for its leading materials science, software development, automation engineering, and application expertise, which advance customers’ fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln has 71 manufacturing locations in 21 countries and a worldwide network of distributors and sales offices serving customers in over 160 countries.
For more information: https://www.lincolnelectric.com/en/
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