Graco appoints Lincoln Electric CEO to board of directors

Graco Inc. (NYSE: GGG) announced that Steven B. Hedlund has been appointed to its board of directors, effective September 10, 2026.

Hedlund serves as president and chief executive officer of Lincoln Electric Holdings Inc. (NASDAQ: LECO), a position he has held since January 2024. He also serves as chairman of the arc welding solutions manufacturer. Prior to his current role, Hedlund was Lincoln Electric's chief operating officer and held various operating and business development positions at the company.

Before joining Lincoln Electric, Hedlund worked at Fortune Brands Inc. as vice president of growth and innovation and vice president of strategy and new business development. Earlier in his career, he was a principal at management consulting firm Booz Allen Hamilton. He holds a bachelor's degree and Master of Business Administration from Dartmouth College.

Hedlund will serve on Graco's audit committee and management organization and compensation committee, according to the Minneapolis-based company's announcement.

J. Kevin Gilligan, Graco's chairman, said Hedlund brings manufacturing sector expertise and experience in global market strategy development. Graco designs and manufactures systems and equipment for moving, measuring and dispensing fluid and powder materials for industrial and commercial applications.

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