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July 05, 2015 5:10 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

Chairman, Chief Executive Officer and President
Age: 53
Senior Vice President and President of Global Automation
Age: 48
Vice President and Deputy General Counsel
Chief Compliance Officer and Senior Vice President of Internal Audit
Senior Vice President
Compensation as of Fiscal Year 2015.

The Lincoln Electric Company Key Developments

The Lincoln Electric Company Promotes Steven Sumner to Vice President of Global Equipment

The Lincoln Electric Company announced the promotion of Steven R. Sumner to Vice President Global Equipment, effective immediately. Mr. Sumner previously served as Director of Global Marketing and Product Development. Mr. Sumner will be responsible for strategic planning and the alignment of equipment system product development activities globally. This new role is focused on leveraging Lincoln Electric's technologies, application expertise and leading position in arc welding equipment systems to accelerate revenue growth and brand awareness in targeted markets. This role is integral in leading growth initiatives as part of the Company's '2020 Vision and Strategy' to increase growth, profitability and returns. Mr. Sumner joined Lincoln Electric in 1987 as an engineering trainee in Machine R&D and has over twenty eight years of experience in product development, sales and marketin g in both U.S. and international markets. Most recently, Mr. Sumner served as Director of Global Marketing and Product Development, where he was instrumental in developing and managing Lincoln Electric's global team focused on specific applications and engineering expertise targeting key business sectors.

The Lincoln Electric Company Promotes Anthony Battle as Chief Compliance Officer

The Lincoln Electric Company announced the promotion of Anthony Battle to Chief Compliance Officer, effective immediately. This role is in addition to Mr. Battle's position as Senior Vice President, Internal Audit, and Officer of the company. As Chief Compliance Officer, Mr. Battle will be responsible for managing compliance across all Lincoln Electric businesses and regions to ensure that the organization abides by applicable laws and regulations. His team will provide independent oversight and compliance management activities while working closely with senior executives and the Board to identify, propose and implement enhancements to ensure the program is effective. Mr. Battle joined Lincoln Electric in 2003 as Audit Manager, and in 2010 he was elected as a Company Officer and Vice President, Internal Audit, with responsibility for Lincoln Electric's worldwide audit process and staff. In 2014, he was promoted to Senior Vice President, Internal Audit.

The Lincoln Electric Company Introduces Aspect 375

The Lincoln Electric Company has introduced the Aspect 375, a new TIG welding power source for the professional fabrication market. Designed to meet the most stringent quality demands of the aerospace, motorsports, shipbuilding, education and fabrication industries, the Aspect 375 is intended for use on critical welding applications subject to the most rigorous testing requirements, including X-ray analysis. This constant-current stick and TIG machine provides for a TIG output range of 2 to 375 amps (single-phase range is de-rated to 2 to 250 amps) and is rated at 330 amps at 40% duty cycle, and 300 amps at 60% duty cycle. Three design focus areas help to deliver a precise welding arc. First, refined and confirmed through extensive customer testing at all stages of development, the Aspect 375 delivers superior arc stability at all amperage levels. Second, the AC Auto-Balance technology simplifies operation by automatically adjusting cleaning and penetration levels during aluminum welding. Third, the Aspect 375 features Intellistart technology, which can be activated to automatically control arc starting intensity for "soft" arc starting on thin materials and hotter arc starting characteristics required for thicker materials. The Aspect 375 also features four AC Wave Shape controls, providing full customization of the bead profile for aluminum welding. A TIG Pulser helps minimize material distortion when welding on thin materials. With both automatic and manual override, the Aspect 375 delivers both customization and simplicity in a single power source. The Aspect 375 is available as a standalone machine or as a Ready-Pak, which includes a cart, cooler, torch, foot pedal, and all necessary cables and other accessories.

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