Lincoln Electric Holdings ( (LECO) ) has shared an update.
Lincoln Electric Holdings, Inc. has announced the retirement of Christopher L. Mapes as Executive Chair and Board member, effective December 31, 2024. The Board has appointed Steven B. Hedlund, the current CEO and Director, to take over as Chair on January 1, 2025. This transition is part of a planned leadership change and is not due to any operational or policy disagreements. Hedlund brings extensive experience to his new role, having been with the company since 2008 and holding various senior positions.
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