Lincoln Electric Announces Retirement of Executive Chair Christopher L. Mapes and Election of Steven B. Hedlund as Chair of the Board
Lincoln Electric Holdings announced that Christopher L. Mapes will retire as Executive Chair and Board member on December 31, 2024. The Board has elected Steven B. Hedlund, current CEO and Director, to succeed Mapes as Chair of the Board, effective January 1, 2025. Hedlund will assume this position in addition to his role as President and CEO.
Hedlund joined Lincoln Electric in 2008 and has served in various senior management roles. He became President and CEO on January 1, 2024. The company emphasized its commitment to growth, innovation, operational excellence, and employee engagement under Hedlund's leadership.
Lincoln Electric is a global leader in welding solutions, automated joining, assembly and cutting systems, and related technologies. The company has 71 manufacturing locations in 21 countries and serves customers in over 160 countries.
Lincoln Electric Holdings ha annunciato che Christopher L. Mapes si ritirerà dalla carica di Presidente Esecutivo e membro del Consiglio il 31 dicembre 2024. Il Consiglio ha eletto Steven B. Hedlund, attuale Amministratore Delegato e Direttore, per succedere a Mapes come Presidente del Consiglio, a partire dal 1 gennaio 2025. Hedlund assumerà questa posizione oltre al suo ruolo di Presidente e Amministratore Delegato.
Hedlund è entrato a far parte di Lincoln Electric nel 2008 e ha ricoperto vari ruoli di alta gestione. È diventato Presidente e Amministratore Delegato il 1 gennaio 2024. L'azienda ha sottolineato il proprio impegno per la crescita, l'innovazione, l'eccellenza operativa e il coinvolgimento dei dipendenti sotto la guida di Hedlund.
Lincoln Electric è un leader globale nelle soluzioni di saldatura, nei sistemi automatizzati di giunzione, assemblaggio e taglio, e nelle tecnologie correlate. L'azienda ha 71 stabilimenti di produzione in 21 paesi e serve clienti in oltre 160 paesi.
Lincoln Electric Holdings anunció que Christopher L. Mapes se retirará como Presidente Ejecutivo y miembro de la Junta el 31 de diciembre de 2024. La Junta ha elegido a Steven B. Hedlund, actual CEO y Director, para suceder a Mapes como Presidente de la Junta, a partir del 1 de enero de 2025. Hedlund asumirá esta posición además de su rol como Presidente y CEO.
Hedlund se unió a Lincoln Electric en 2008 y ha desempeñado varios roles de alta dirección. Se convirtió en Presidente y CEO el 1 de enero de 2024. La empresa enfatizó su compromiso con el crecimiento, la innovación, la excelencia operativa y el compromiso de los empleados bajo el liderazgo de Hedlund.
Lincoln Electric es un líder global en soluciones de soldadura, sistemas de unión automatizados, ensamblaje y corte, y tecnologías relacionadas. La empresa cuenta con 71 ubicaciones de fabricación en 21 países y atiende a clientes en más de 160 países.
링컨 일렉트릭 홀딩스는 크리스토퍼 L. 메이프스가 2024년 12월 31일자로 이사회의 의장직과 이사직에서 은퇴할 것이라고 발표했습니다. 이사회는 스티븐 B. 헤들런드를 신임 의장으로 선출했으며, 그는 현재 CEO이자 이사로서 2025년 1월 1일부터 의장직을 수행하게 됩니다. 헤들런드는 이직 외에도 사장 및 CEO 역할을 맡습니다.
헤들런드는 2008년 링컨 일렉트릭에 합류하였으며, 여러 고위 관리 직책을 역임해 왔습니다. 그는 2024년 1월 1일부터 사장 및 CEO가 되었습니다. 회사는 헤들런드의 리더십 아래 성장, 혁신, 운영 우수성 및 직원 참여에 대한 약속을 강조했습니다.
링컨 일렉트릭은 용접 솔루션, 자동화된 조인트, 조립 및 절단 시스템, 관련 기술의 글로벌 리더입니다. 이 회사는 21개 국가에 71개의 제조 시설을 보유하고 있으며, 160개국 이상에 고객을 제공합니다.
Lincoln Electric Holdings a annoncé que Christopher L. Mapes prendra sa retraite en tant que Président Exécutif et membre du Conseil d'administration le 31 décembre 2024. Le Conseil a élu Steven B. Hedlund, actuel PDG et Directeur, pour succéder à Mapes en tant que Président du Conseil, à compter du 1er janvier 2025. Hedlund assumera ce poste en plus de son rôle de Président et PDG.
Hedlund a rejoint Lincoln Electric en 2008 et a occupé plusieurs postes de direction. Il est devenu Président et PDG le 1er janvier 2024. L'entreprise a souligné son engagement envers la croissance, l'innovation, l'excellence opérationnelle et l'engagement des employés sous la direction de Hedlund.
Lincoln Electric est un leader mondial dans les solutions de soudage, les systèmes d'assemblage automatisés et les technologies connexes. L'entreprise possède 71 sites de fabrication dans 21 pays et sert des clients dans plus de 160 pays.
Lincoln Electric Holdings kündigte an, dass Christopher L. Mapes am 31. Dezember 2024 als Executive Chair und Mitglied des Vorstands zurücktreten wird. Der Vorstand hat Steven B. Hedlund, den derzeitigen CEO und Direktor, zum Nachfolger von Mapes als Vorsitzender des Vorstands gewählt, wirksam ab dem 1. Januar 2025. Hedlund wird diese Position zusätzlich zu seiner Rolle als Präsident und CEO übernehmen.
Hedlund trat 2008 in die Lincoln Electric ein und hatte verschiedene leitende Managementpositionen inne. Er wurde am 1. Januar 2024 zum Präsidenten und CEO ernannt. Das Unternehmen betonte sein Engagement für Wachstum, Innovation, operative Exzellenz und Mitarbeiterengagement unter Hedlunds Führung.
Lincoln Electric ist ein weltweit führendes Unternehmen im Bereich Schweißlösungen, automatisierte Verbindungen, Montage- und Schneidsysteme sowie verwandte Technologien. Das Unternehmen betreibt 71 Produktionsstandorte in 21 Ländern und bedient Kunden in über 160 Ländern.
- Steven B. Hedlund's appointment as Chair of the Board in addition to his CEO role, effective January 1, 2025
- Company's strong execution of Higher Standard 2025 Strategy providing momentum for future growth
- Lincoln Electric's global leadership position in welding and related technologies
- Extensive global presence with 71 manufacturing locations in 21 countries and customers in over 160 countries
- None.
“We thank Chris for his many years of service and congratulate him for leading Lincoln Electric to record performance and superior shareholders returns, while establishing the Company as the industry’s automation leader poised for long-term expansion,” stated Curtis E. Espeland, Lincoln Electric’s independent Lead Director. “We congratulate Steve and look forward to working with him in his expanded role, which supports the Board’s dual leadership structure with both a Chair and a separate independent Lead Director, who serve shareholders,” Espeland concluded.
“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," commented Steven B. Hedlund, Lincoln Electric’s President and Chief Executive Officer. “Chris’ achievements and the team’s strong execution of our Higher Standard 2025 Strategy provide us with solid momentum as we look ahead to build upon our many successes.”
Mr. Hedlund became President and Chief Executive Officer 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 Chief Operating Officer, Executive Vice President, President of Americas Welding and the International Welding segments, and President of Global Automation. Prior to joining Lincoln Electric, Mr. Hedlund held various leadership roles at Fortune Brands, Inc. and served as principal at Booz Allen & Hamilton. He earned a bachelor’s degree and an MBA from Dartmouth College. Mr. Hedlund currently serves on the boards of the National Association of Manufacturers, the Manufacturers Alliance, and the Greater Cleveland Partnership.
Mr. Mapes has served as Executive Chair since January 1, 2024. He previously served as Chair of the Board since 2013, President and Chief Executive Officer from 2012 to 2023, and joined the Company in 2010 as a member of the Board of Directors.
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
Forward-Looking Statements
The Company’s expectations and beliefs concerning the future contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management’s current expectations and involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “forecast,” “guidance” or words of similar meaning. Actual results may differ materially from such statements due to a variety of factors that could adversely affect the Company’s operating results. The factors include, but are not limited to: general economic and market conditions; the effectiveness of operating initiatives; currency exchange and interest rates; adverse outcome of pending or potential litigation; actual costs of the Company’s rationalization plans; possible acquisitions; market risks and price fluctuations related to the purchase of commodities and energy; global regulatory complexity; and the possible effects of events beyond our control, such as political unrest, acts of terror and natural disasters, on the Company or its customers, suppliers and the economy in general. For additional discussion, see “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241010053009/en/
Amanda Butler
Director, Investor Relations
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
Source: Lincoln Electric Holdings, Inc.
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