Kennametal Inc. announced today that Paul DeMand has been elected Vice President and President of the company's Metalworking Solutions Services Group (MSSG), effective July 14, 2008.
"We are excited to have Paul join the Kennametal team. His expertise in industrial products, manufacturing, business development and strategic planning across various industries, along with his global experience, are a good fit for Kennametal and we are confident that he will lead MSSG to the next level and beyond," commented Carlos Cardoso Kennametal Chairman, President and CEO.
In this role, DeMand will have responsibility for all of Kennametal's Metalworking Solutions and Services Group worldwide, comprising some 11,000 employees and currently representing 60 percent of the company's overall sales revenues.
Prior to joining Kennametal, DeMand served as Senior Vice President / Division Head of the Industrial Products Group at Johnson Electric, Ltd., Hong Kong. Before holding that position, he was Vice President, Electro-Mechanical at Solectron Corporation in California, and has more than 25 years of experience in operations, quality, strategic planning, new business development and engineering across numerous industries. DeMand holds a bachelor of science degree in mechanical engineering from Kettering University and an MBA from the University of Detroit Mercy.
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 14,000 talented employees in over 60 countries -- with almost 50 percent of these revenues coming from outside North America. Visit us at http://www.kennametal.com/. [KMT-G]
First Call Analyst:
FCMN Contact: Christina.firstname.lastname@example.org
SOURCE: Kennametal Inc.
CONTACT: Joy Chandler, VP Corporate Relations, +1-724-539-4618, or Quynh
McGuire, Director Investor Relations, +1-724-539-6559, both of Kennametal
Web site: http://www.kennametal.com/