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Kellye L. Walker Elected to Lincoln Electric Board

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Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has announced the appointment of Kellye L. Walker to its Board of Directors, effective October 20, 2020. Walker, Executive Vice President and Chief Legal Officer of Eastman Chemical Company, brings extensive experience in corporate governance and strategy development, which will benefit Lincoln Electric's Higher Standard 2025 Strategy. The company now has 12 directors, 11 of whom are non-employee directors. Lincoln Electric, a leader in welding products and systems, operates 59 manufacturing locations globally.

Positive
  • Kellye L. Walker's appointment adds valuable governance experience to the Board.
  • Expansion of the Board to include diverse expertise may enhance strategic decision-making.
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  • None.

CLEVELAND, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced that Kellye L. Walker, 54, Executive Vice President and Chief Legal Officer of Eastman Chemical Company (NYSE: EMN), has been elected to Lincoln Electric's Board of Directors, effective October 20, 2020. She has been appointed to serve on the Nominating and Corporate Governance and the Compensation and Executive Development Committees. Ms. Walker’s appointment expands Lincoln Electric's Board to 12 directors, 11 of whom are non-employee directors.

"We are pleased to welcome Kellye Walker to the Board and look forward to her guidance and many contributions,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “Kellye’s extensive leadership experience across various industries in legal, corporate governance and strategy development will lend tremendous value in helping us advance our Higher Standard 2025 Strategy.”

Ms. Walker has served as Executive Vice President and Chief Legal Officer of Eastman Chemical Company, a global specialty materials company, since April 2020. In this role, she has oversight of corporate governance, compliance and litigation management, as well as government affairs, product stewardship and regulatory affairs, global business conduct and the company’s global health, safety, environment and security organization. She previously served as Executive Vice President and Chief Legal Officer of Huntington Ingalls Industries, Inc., as well as Chief Administrative Officer, Senior Vice President and General Counsel of American Water Works, and Senior Vice President and General Counsel at Diageo North America and at BJ’s Wholesale Club. Ms. Walker also served as a corporate partner in private practice. Ms. Walker received her B.S. from Louisiana Tech University and her J.D. from Emory University School of Law.

Business

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/e0268424-d12a-4eb0-a87a-aa91103d91e5

FAQ

What is the recent news about Lincoln Electric Holdings, stock symbol LECO?

Lincoln Electric announced the appointment of Kellye L. Walker to its Board of Directors on October 20, 2020.

Who is Kellye L. Walker and her role related to LECO?

Kellye L. Walker is the Executive Vice President and Chief Legal Officer of Eastman Chemical Company, recently appointed to Lincoln Electric's Board.

How many directors are on Lincoln Electric's Board now?

With the addition of Kellye L. Walker, Lincoln Electric's Board now has 12 directors.

What committees will Kellye L. Walker serve on at Lincoln Electric?

Kellye L. Walker will serve on the Nominating and Corporate Governance and the Compensation and Executive Development Committees.

Lincoln Electric Holdings Inc

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