LINCOLN ELECTRIC PROMOTES JOHN BRONSTRUP TO PRES., BUSINESS DEVELOPMENT

CLEVELAND, Wednesday, July 6, 2016 – The Lincoln Electric Company (“Company”), a subsidiary of Lincoln Electric Holdings, Inc., announces the promotion of John T. Bronstrup to the newly created position of President, Business Development for the Americas Welding segment, effective immediately.  Mr. Bronstrup previously served as Vice President Finance, North America. 
 
In this new role, Mr. Bronstrup will lead the development and implementation of the Americas Welding growth strategy to advance sales in key product portfolios including: education, welding accessories and alloy-based consumables.  Mr. Bronstrup will lead a team that will drive investment activities and work cross-functionally with regional country presidents to ensure the Company capitalizes on increasing demand for these solutions.  He will report to George Blankenship, Executive Vice President, President, Americas Welding.
 
“John’s financial leadership and track record of ensuring the success of our commercial and operational initiatives has been instrumental in driving our ‘2020 vision and strategy’ results,” stated George D. Blankenship, Executive Vice President, President, Americas Welding for Lincoln Electric. “His experience and focus will help us scale these innovative, value-added solutions in the Americas and extend our brand as the Welding Experts among new and existing customers and channels.”
 
 Mr. Bronstrup has served at Lincoln Electric for nearly 20 years in a number of management roles including Vice President of Finance, North America, Director of Financial Reporting, Group Controller for Harris Products Group and has held positions in Internal Audit, Treasury and IT.  He has also served as the Chief Accounting Officer and Corporate Controller of Hawk Corporation and started his career as an auditor for Arthur Andersen.  Mr. Bronstrup earned a master’s degree in business administration from Cleveland State University, a bachelor’s degree in accountancy from Miami University and is a certified public accountant.
 
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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.
 
Forward-Looking Statements
 
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially.  Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters.  While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance.  For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's annual report on Form 10-K filed on February 20, 2015 and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.  The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.