Kennametal Inc. announced today that it has elected Steven H. Wunning, group president and Executive Office member of Caterpillar Inc., to its Board of Directors. Mr. Wunning will join the Kennametal Board in July 2005.
Mr. Wunning, 54, began his career at Caterpillar in 1973 and has held a variety of positions with increasing responsibility in the areas of quality, manufacturing, product support and logistics. He has administrative responsibility for the Financial Products Division, Latin American Division, Logistics Division, Product Support Division, and Systems & Process Division. With sales in excess of $30 billion and over 70,000 employees, Caterpillar is the world's largest maker of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.
"Steve Wunning has an impressive track record in manufacturing, product support and logistics," said Markos I. Tambakeras, Kennametal's chairman, president and chief executive officer. "Kennametal is a global company doing business in key markets around the world, so Steve's global experience with a diversified industrial company like Caterpillar will be of great value to our company. We are very pleased that he will join our Board."
Mr. Wunning has an undergraduate degree in metallurgical engineering from the University of Missouri at Rolla and an executive MBA from the University of Illinois. He also serves as a director or member of several professional and civic organizations.
Kennametal Inc. is the world's premier 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 over $2.2 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 the United States. Visit us at http://www.kennametal.com/ . KMT-G
SOURCE: Kennametal Inc.
CONTACT: Investor Relations, Beth A. Riley, +1-724-539-6141, or Media
Relations, Joy Chandler, +1-724-539-4618, both of Kennametal Inc.
Web site: http://www.kennametal.com/