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Kennametal Names Douglas Dietrich to Board of Directors

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Kennametal (NYSE: KMT) has announced the appointment of Douglas Dietrich to its Board of Directors, effective February 1, 2025. Dietrich, who currently serves as Executive Chairman and CEO of Minerals Technologies, brings over 30 years of business and industry experience to the role.

President & CEO Sanjay Chowbey highlighted Dietrich's experience in driving transformative change through strategic, operational, and financial leadership. Board Chairman William M. Lambert emphasized Dietrich's track record in delivering long-term growth through strategy, innovation, and targeted M&A, noting these skills will support Kennametal's ongoing transformation.

Kennametal (NYSE: KMT) ha annunciato la nomina di Douglas Dietrich nel suo Consiglio di Amministrazione, con effetto dal 1° febbraio 2025. Dietrich, attualmente Presidente Esecutivo e CEO di Minerals Technologies, porta con sé oltre 30 anni di esperienza nel settore e negli affari.

Il Presidente e CEO Sanjay Chowbey ha sottolineato l'esperienza di Dietrich nel guidare cambiamenti trasformativi attraverso una leadership strategica, operativa e finanziaria. Il Presidente del Consiglio William M. Lambert ha messo in evidenza il percorso di Dietrich nel fornire crescita a lungo termine grazie a strategia, innovazione e acquisizioni mirate, osservando che queste competenze supporteranno la continua trasformazione di Kennametal.

Kennametal (NYSE: KMT) ha anunciado el nombramiento de Douglas Dietrich en su Junta Directiva, con efecto a partir del 1 de febrero de 2025. Dietrich, quien actualmente se desempeña como Presidente Ejecutivo y CEO de Minerals Technologies, aporta más de 30 años de experiencia en negocios e industria al puesto.

El Presidente y CEO Sanjay Chowbey destacó la experiencia de Dietrich en impulsar cambios transformadores a través del liderazgo estratégico, operativo y financiero. El Presidente de la Junta William M. Lambert enfatizó el historial de Dietrich en la entrega de crecimiento a largo plazo mediante estrategia, innovación y fusiones y adquisiciones específicas, señalando que estas habilidades apoyarán la transformación continua de Kennametal.

Kennametal (NYSE: KMT)는 Douglas Dietrich를 이사회에 임명했다고 발표했으며, 이는 2025년 2월 1일부터 효력이 발생합니다. 현재 Minerals Technologies의 사장 겸 CEO인 Dietrich는 30년 이상의 비즈니스 및 산업 경험을 역할에 가져옵니다.

사장 및 CEO인 Sanjay Chowbey는 전략적, 운영적 및 재무 리더십을 통해 변혁적인 변화를 이끄는 Dietrich의 경험을 강조했습니다. 이사회 의장인 William M. Lambert는 전략, 혁신 및 목표 M&A를 통한 장기 성장 제공에 있어서 Dietrich의 실적을 강조하며, 이러한 기술이 Kennametal의 지속적인 변형을 지원할 것이라고 언급했습니다.

Kennametal (NYSE: KMT) a annoncé la nomination de Douglas Dietrich au sein de son Conseil d'Administration, à compter du 1er février 2025. Dietrich, actuellement Président Exécutif et CEO de Minerals Technologies, apporte plus de 30 ans d'expérience dans les affaires et l'industrie à ce poste.

Le Président et CEO Sanjay Chowbey a souligné l'expérience de Dietrich dans la conduite de changements transformationnels grâce à un leadership stratégique, opérationnel et financier. Le Président du Conseil William M. Lambert a souligné le parcours de Dietrich dans la génération d'une croissance à long terme par le biais de stratégie, d'innovation et de fusions et acquisitions ciblées, notant que ces compétences soutiendront la transformation continue de Kennametal.

Kennametal (NYSE: KMT) hat die Ernennung von Douglas Dietrich in seinen Vorstand bekannt gegeben, die ab dem 1. Februar 2025 wirksam wird. Dietrich, der derzeit als Executive Chairman und CEO von Minerals Technologies tätig ist, bringt über 30 Jahre Erfahrung in Wirtschafts- und Industrie in diese Rolle ein.

Präsident und CEO Sanjay Chowbey hob Dietrichs Erfahrung hervor, Veränderungen durch strategische, operative und finanzielle Führung voranzutreiben. Der Vorsitzende des Boards, William M. Lambert, betonte Dietrichs Erfolgsbilanz bei der Bereitstellung von langfristigem Wachstum durch Strategie, Innovation und gezielte Fusionen und Übernahmen und stellte fest, dass diese Fähigkeiten Kennametals laufende Transformation unterstützen werden.

Positive
  • Addition of experienced executive with 30+ years of industry expertise
  • Strategic strengthening of board with leader experienced in business transformation
  • Potential for enhanced M&A capabilities through new director's expertise
Negative
  • None.

PITTSBURGH, Jan. 30, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced the election of Douglas Dietrich to its Board of Directors, effective February 1, 2025. Dietrich is currently the Executive Chairman and CEO of Minerals Technologies, a publicly traded specialty minerals company.

"Doug brings over 30 years of business and industry experience, most recently driving transformative change at Minerals Technologies through his strategic, operational and financial leadership," said Sanjay Chowbey, President & CEO of Kennametal. "We're excited to welcome him to our Board and confident that his expertise and global perspective will be key to advancing our strategy and enhancing shareholder value."

William M. Lambert, Chairman of Kennametal's Board of Directors, added: "Doug's track record of delivering long-term growth through strategy, innovation and targeted M&A will be invaluable as we continue our transformational journey. We look forward to leveraging his insights and leadership as a member of our Board."

About Dietrich

Douglas T. Dietrich was elected Minerals Technologies Chairman of the Board in March 2021. He has served as the Chief Executive Officer of Minerals Technologies Inc. (MTI) since December 2016.

Dietrich has over 30 years of experience in the industrial goods, mining and metals manufacturing sector as well as significant expertise in engineering, management and operations.

Since joining MTI in 2007, Dietrich has held numerous key management positions, including Senior Vice President, Finance and Treasury and Chief Financial Officer with responsibility for the overall finance function, and Vice President, Corporate Development and Treasury where he led Corporate Strategy and M&A initiatives.

Prior to his tenure at MTI, Dietrich held several positions of increasing leadership responsibility at Alcoa Inc. These roles included Vice President, Alcoa Wheel Products - Automotive Wheels; President, Alcoa Latin America Extrusions; General Manager, Global Rod and Bar Products; and Manager, Business Development and Strategic Global Sourcing – Asia and Latin America.

Earlier in his career, Dietrich worked for Eaton Corporation and Westinghouse Electric Corporation where he held various positions in Engineering and Operations Management.

He holds a Bachelor of Science degree in Mechanical Engineering from the University of Michigan and an MBA in Finance from The Wharton School at the University of Pennsylvania.

About Kennametal
With over 85 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 8,400 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2024. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube. 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/kennametal-names-douglas-dietrich-to-board-of-directors-302363342.html

SOURCE Kennametal Inc.

FAQ

When will Douglas Dietrich join Kennametal's (KMT) Board of Directors?

Douglas Dietrich will join Kennametal's Board of Directors effective February 1, 2025.

What is Douglas Dietrich's current role before joining KMT's board?

Douglas Dietrich currently serves as Executive Chairman and CEO of Minerals Technologies, a publicly traded specialty minerals company.

How many years of business experience does KMT's new board member bring?

Douglas Dietrich brings over 30 years of business and industry experience to Kennametal's board.

What specific expertise does Dietrich bring to Kennametal's (KMT) board?

Dietrich brings expertise in strategic, operational, and financial leadership, along with experience in driving transformative change, long-term growth through strategy, innovation, and targeted M&A.

Kennametal Inc.

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