Lincoln Electric Appoints Mathias Hallmann to Lead European Business
CLEVELAND, Nov. 5, 2013
CLEVELAND, Nov. 5, 2013 /PRNewswire/ --Lincoln Electric Holdings, Inc.
(Nasdaq: LECO) announced today that it has appointed Mr. Mathias Hallmann as
President, Lincoln Electric Europe (includes Europe, Middle East, Africa and
Russia). In this role, Mr. Hallman will have oversight of the region's
day-to-day operations, as well as the financial and competitive success of one
of the Company's largest business segments. He will also serve as a member of
the global executive team.
Mr. Hallmann most recently served as Director, Business Strategy for the
Company's European business and brings more than 20 years of management and
leadership experience, having previously served as the Chief Executive Officer
of Bohler Welding Group, a European welding consumables manufacturer. Mr.
Hallmann also held various executive roles at Moeller GmbH, a German
industrial company, and was a management consultant at McKinsey & Company.
Mr. Hallmann earned a Ph.D. and a master's degree in mechanical engineering
from the Karlsruhe University in Germany.
Mr. Hallmann succeeds Tom Flohn, who will now be serving as Regional
President, Lincoln Electric Asia Pacific Region. In this role, Mr. Flohn will
oversee certain Asia Pacific operations, implement Lincoln Electric's global
growth strategies in the region and continue to serve as a member of the
global executive team. Mr. Flohn has held numerous executive management roles
over his 15 years with the Company and earned a bachelor's degree in
mechanical engineering from Cleveland State University.
About Lincoln Electric
Lincoln Electric is the world leader in the design, development and
manufacture of arc welding products, robotic arc welding systems, plasma and
oxy-fuel cutting equipment and has a leading global position in the brazing
and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 45
manufacturing locations, including operations and joint ventures in 19
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 www.lincolnelectric.com.
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 Form10-K.
SOURCE Lincoln Electric Holdings, Inc.
Contact: Amanda Butler, Director, Investor Relations, Tel: 216.383.2534,
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