March 03, 2015 8:04 PM ET

Machinery

Company Overview of The Lincoln Electric Company

Company Overview

The Lincoln Electric Company designs, develops, and manufactures arc welding products, robotic welding systems, and plasma and oxyfuel cutting equipments. The company’s products include welders, wire feeders, welding consumables, fume extraction systems, guns and torches, fixed table systems, and electrodes, as well as gas and medical equipment and accessories. It also provides welder and generator for construction contractors, maintenance crews, farmers, and ranchers. The company was incorporated in 1906 and is based in Cleveland, Ohio. The Lincoln Electric Company operates as a subsidiary of Lincoln Electric Holdings Inc.

22801 Saint Clair Avenue

Cleveland, OH 44117

United States

Founded in 1906

Phone:

216-481-8100

Fax:

216-486-1751

Key Executives for The Lincoln Electric Company

Senior Vice President and President of Global Automation
Age: 47
Vice President and Deputy General Counsel
Senior Vice President
Senior Vice President
Age: 43
Director of Investor Relations
Compensation as of Fiscal Year 2014.

The Lincoln Electric Company Key Developments

Lincoln Electric Announces Promotion of Steven Hedlund to Senior Vice President and President of Global Automation

The Lincoln Electric Company announced the promotion of Steven B. Hedlund to Senior Vice President and President, Global Automation, effective immediately. Mr. Hedlund previously served the Company as Senior Vice President, Strategy and Business Development. The new role expands executive leadership of Lincoln Electric's global automation initiative, which is a key growth program in the Company's '2020 Vision and Strategy' targeting accelerated growth in sales, profitability and returns by 2020.

The Lincoln Electric Company Appoints Jennifer Ansberry as Vice President, Deputy General Counsel

The Lincoln Electric Company has named Jennifer Ansberry as Vice President, Deputy General Counsel. Ms. Ansberry's role as Deputy General Counsel has been extended to include leadership of the Company's environmental, health and safety (EH&S) organization, which includes the development and implementation of EH&S policies, programs and practices. This role is in addition to leading portions of the Company's legal function including global mergers & acquisitions, securities law compliance, corporate governance, and other general corporate legal matters. Prior to joining Lincoln Electric in 2004 as Deputy General Counsel, Ms. Ansberry served as an associate at Thompson Hine LLP and at Keating, Muething & Klekamp LLP.

The Lincoln Electric Company Introduces New Millennium Arc 7018 Welding Consumable

The Lincoln Electric Company has introduced Millennium Arc 7018, a new mild-steel, low-hydrogen stick welding consumable that reportedly resists moisture in humid conditions. The Millennium Arc 7018 is designed for various applications: mild steel, power generation, petrochemical, pressure vessels and pressure piping. It has no intentional addition of zinc in its composition, which means significantly less zinc in the welding fume and a safer environment, overall. Key features of Millennium Arc 7018 include: 50% less moisture pickup vs. competing stick consumables; clear weld puddle without slag interference; flat bead profile and effortless slag removal.

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Recent Private Companies Transactions

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Date
Target
Bankruptcy
June 16, 2014
PSL North America LLC
 

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