Kennametal Inc, based in Pittsburgh, Pennsylvania, USA, has announced the appointment of William M Lambert as its new chairman of the board, effective from November 1, 2023. Lambert will succeed Lawrence W Stranghoener, who has served as either the chairman of the board or Independent Lead Director since 2015.
This change is said to align with the company’s overall corporate governance and succession planning process. Stranaghoener will continue to serve on the Kennametal Board of Directors and its Audit Committee.
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“Bill has been a valuable member of our board of directors since 2016 and is perfectly suited to step into the role of chairman,” shared Stranghoener. “His extensive experience in global manufacturing, business strategy, product development and finance will serve the company well as we continue to advance our growth and innovation strategy to drive above market growth and margin expansion and deliver for our shareholders.”
Lambert has served as an independent director on the Kennametal Board since 2016 and assumed the role of Audit Committee chair in 2019. Additionally, he is a member of the MSA Safety Incorporated (MSA) Board of Directors. MSA is a global leader in the production and supply of workplace safety products. Lambert, now retired, previously held the positions of president and Chief Executive Officer at MSA from 2008 until May 2018.
Lambert earned his Bachelor’s degree in Mechanical Engineering from Penn State University and his master’s degree in Industrial Administration from Carnegie Mellon University.