Kennametal Inc. announced today that President and CEO Carlos Cardoso has been elected to the Board of Directors of The Stanley Works . The Stanley Works, an S&P 500 company, is a worldwide supplier of tools and security solutions for professional, industrial and consumer use.
"Mr. Cardoso brings an impressive record of business success, a wide range of experiences in marketing, sales, service and operations and a global business perspective to our Board," commented John F. Lundgren, Chairman and Chief Executive Officer of The Stanley Works. "He is a citizen of the world, having lived and worked on three continents, and he will be a valuable advisor in our pursuit of global growth. We welcome him enthusiastically and we look forward to his contributions."
Mr. Cardoso, recently named one of the best CEOs in the capital goods/industrials category and machinery sector by Institutional Investor Magazine, joined Kennametal in 2003. Before joining Kennametal, he held executive leadership positions with Flowserve Corporation, Honeywell/AlliedSignal, and Colt. Mr. Cardoso is a member of the board of trustees of the Manufacturers Alliance/MAPI. He holds a bachelor's degree in business administration from Fairfield University in Fairfield, Connecticut, and a master's degree in management from the Hartford Graduate Center.
Kennametal Inc. is a leading global supplier of tooling, engineered components and advanced materials consumed in production processes. The company improves customers' competitiveness by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal, from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains.
Customers buy approximately $2.4 billion annually of Kennametal products and services -- delivered by our approximately 14,000 talented employees in over 60 countries -- with almost 50 percent of these revenues coming from outside the United States. Visit us at http://www.kennametal.com/. [KMT-G]
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SOURCE: Kennametal Inc.
CONTACT: Investor Relations, Quynh McGuire, +1-724-539-6559, or Media
Relations, Joy Chandler, +1-724-539-4618, both of Kennametal Inc.
Web site: http://www.kennametal.com/