LINCOLN ELECTRIC PROMOTES STEVEN HEDLUND TO PRESIDENT OF GLOBAL AUTOMATION

Cleveland, OH, Thursday, January 22, 2015 – The Lincoln Electric Company, a subsidiary of Lincoln Electric Holdings, Inc., announced today 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.   Today, Lincoln Electric’s global automation offering represents the industry’s broadest portfolio of automated arc welding and cutting solutions.  The initiative is focused on achieving $500 million in revenue by 2020.  As President, Mr. Hedlund will oversee the implementation of all strategic, operational and commercial aspects of the global automation organization.
 
“I am pleased to announce the promotion of Steve to this newly expanded role,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer, Lincoln Electric Holdings, Inc.  “His contributions, strategic vision and impressive leadership have been invaluable to the organization and to the executive management team.  Over the last four years, Steve has led a disciplined acquisition program which doubled our automation portfolio, and I am confident that he will successfully lead the global automation organization through its next phase of growth and development.”
 
Mr. Hedlund joined Lincoln in 2008 as Vice President, Strategy and Business Development where he led Lincoln’s strategic planning and acquisitions programs, and in 2014 was promoted to Senior Vice President, Strategy and Business Development. Previously, he was with Fortune Brands, Inc. and at Booz Allen & Hamilton.  Mr. Hedlund earned a bachelor’s degree and an MBA from Dartmouth College.

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 48 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.