The board of directors of Kennametal Inc. (NYSE: KMT) has announced the appointment of Donald A Nolan as the company’s President, Chief Executive Officer (CEO) and member of the Board of Directors. The move follows the previously announced retirement of Carlos Cardoso, effective December 31, 2014.
“In Don Nolan, we have selected a dynamic leader with deep expertise in materials and metallurgy and an excellent track record delivering growth and performance objectives,” stated William R. Newlin, who has been appointed Chairman of the Board. “We expect Don to accelerate the company’s growth with industry-leading customer engagement and innovation, while ensuring we have the right people, portfolio, cost structure and performance to serve Kennametal.”
“To lead this company at this time is an amazing opportunity,” stated Nolan. “Kennametal stands apart among industrial companies as a genuine innovator, serving customers’ most extreme engineering needs to increase uptime. I am both honoured and inspired to build on that value proposition for all of our stakeholders.”
Nolan holds a Bachelor of Science in Materials and Metallurgical Engineering from the University of Michigan, a Master of Science in Mechanical Engineering from Rensselaer Polytechnic Institute and a Master of Business Administration from the University of Michigan.
With the addition of Nolan, Kennametal’s board also includes eight independent directors: Cindy L. Davis; Philip A. Dur; Timothy R. McLevish; Lawrence W. Stranghoener; Ronald M. Defeo; William J. Harvey; William R. Newlin; and Steven H. Wunning, who collectively bring diverse experience from a range of companies, including Caterpillar; Dick’s Sporting Goods; DuPont; Kraft Foods; Mosaic; Nike; Northrop Grumman; Walgreens; and Terex.