Kennametal (KMT) Appoints William M. Lambert as Board Chair

Kennametal Inc. (NYSE: KMT) announced today that its Board of Directors has unanimously appointed William M. Lambert as Chairman of the Board effective November 1, 2023. Lambert succeeds Lawrence W. Stranghoener, who is stepping down from the Chairman role after serving as either Chairman of the Board or Independent Lead Director since 2015.

This change is in line with the Company's overall corporate governance and succession planning process. The underlying composition of the Board is unaffected, and Stranghoener will remain on the Board of Directors and serve on its Audit Committee.

"Bill has been a valuable member of our board of directors since 2016 and is perfectly suited to step into the role of Chairman," said 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."

You May Also Be Interested In

• ScanSource board shrinks to seven after director Peter Browning retires
• Intuitive Machines wins $600M+ satellite communications contract
• Galaxy Gaming cancels 778,320 warrants for $1.2 million