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November 30, 2015 5:39 PM ET


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





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 to Invest USD 30 Million in New Welding Technology Center

The Lincoln Electric Company is investing around USD 30 million in a new Welding Technology Center on its Euclid, Ohio campus. The facility is to concentrate on the training of welding educators and industry leaders to address the increasing demand for welding education and career pathways in welding and advanced manufacturing. The company is likely to start construction in early 2016 with launch expected in 2017. The facility will cover a 130,000 square foot area and will double the company's welding education capacity to 180 welding booths, including high-tech classroom and seminar spaces.

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.

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