Kennametal names Joseph Alvarado as incoming board chairman

Kennametal Inc. (NYSE: KMT) has appointed Joseph Alvarado as incoming Chairman of the Board, effective October 28, 2026, according to a company statement.

Alvarado will succeed William M. Lambert, who will retire from the board at the conclusion of the company's Annual Meeting of Shareowners on October 27, 2026. Lambert joined the Kennametal board in 2016 and has served as Chairman since 2023.

Alvarado has served as an independent director on the Kennametal board since 2018 and has chaired the Nominating/Corporate Governance Committee since 2023. He is the retired Chairman, President and Chief Executive Officer of Commercial Metals Company, a global manufacturer, recycler and marketer of steel and other metals. He previously served as President of U.S. Steel Tubular Products, Inc., a division of United States Steel Corporation.

Alvarado also serves on the boards of Arcosa, Inc., PNC Financial Services Group, Inc., and Trinseo, S.A. He holds an MBA from Cornell University and a Bachelor of Arts in Economics from the University of Notre Dame.

Sanjay Chowbey, President and CEO, commented on the transition: "Joe is the right leader to serve as our next Chairman. He brings deep industrial experience, strong public company leadership and a practical understanding of manufacturing, operations and capital allocation."

Lambert said in a statement: "After careful consideration, I have decided that the time is right for this transition. I have great confidence in the Company's strategy, leadership team and Board colleagues."

Kennametal, headquartered in Pittsburgh, reported nearly $2 billion in revenues in fiscal 2025 and employs approximately 8,100 people across nearly 100 countries.

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