CLEVELAND - Lincoln Electric Holdings, Inc. (NASDAQ:LECO), a global leader in welding and cutting solutions, announced the appointment of Susan C. Edwards as its new Senior Vice President and Chief Human Resources Officer (CHRO), effective April 8, 2024. Edwards will be responsible for overseeing the company's global human resources strategy and operations, including talent management, employee development, and compensation and benefits.
Edwards brings over three decades of human resources experience to Lincoln Electric, most recently serving as Global Vice President and CHRO of Sealed Air (NYSE:SEE) Corporation. Her career history includes various HR leadership roles at Circor International (NYSE:CIR), Snap-On Incorporated (NYSE:SNA), Lear (NYSE:LEA) Corporation, and Dana Corporation. She holds a Bachelor of Science degree from East Tennessee State University and an MBA in International Business from Marquette University.
In her new role, Edwards will report directly to Steven B. Hedlund, President and CEO of Lincoln Electric. Hedlund expressed confidence in Edwards' ability to contribute to the company, highlighting her extensive experience in talent acquisition, development, succession planning, and employee engagement. He also acknowledged the contributions of Michele Kuhrt, Edwards' predecessor, thanking her for her service as CHRO and congratulating her on her new position as Executive Vice President, Chief Transformation Officer.
Lincoln Electric, headquartered in Cleveland, Ohio, operates in 21 countries with 71 manufacturing and automation system integration locations. The company is known for its expertise in materials science, automation engineering, and application knowledge, which supports its customers' fabrication capabilities.
This leadership change is part of Lincoln Electric's ongoing efforts to enhance its human resources initiatives and maintain its high-performance culture. The information regarding the appointment is based on a press release statement from Lincoln Electric Holdings, Inc.
InvestingPro Insights
As Lincoln Electric Holdings, Inc. (NASDAQ:LECO) welcomes Susan C. Edwards as its new Senior Vice President and Chief Human Resources Officer, the company's financial health and market performance continue to be a focal point for investors. Edwards joins the team during a period where Lincoln Electric showcases solid financial metrics, with a market capitalization of 14.21 billion USD, indicating its substantial presence in the industry.
InvestingPro data highlights that the company has experienced a revenue growth of 11.44% over the last twelve months as of Q4 2023, reflecting its ability to increase sales and enhance its market position. Additionally, the company's gross profit margin stands at 35.25%, showcasing its efficiency in managing the cost of goods sold and maintaining profitability.
One of the InvestingPro Tips for Lincoln Electric includes its remarkable track record of raising its dividend for 27 consecutive years, demonstrating a commitment to returning value to shareholders. Moreover, the company has maintained dividend payments for an impressive 51 consecutive years, providing investors with a sense of reliability and financial stability.
For investors seeking more in-depth analysis and additional InvestingPro Tips, they can explore further insights on Lincoln Electric by visiting https://www.investing.com/pro/LECO. There are 15 additional tips available that can provide a more comprehensive understanding of the company's financial health and market performance. To access these insights, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing their investment research with valuable and real-time data.
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