Kennametal Inc. announced today that Gary W. Weismann has been elected to the position of Vice President and President Advanced Materials Solutions Group. The promotion is effective August 1, 2007.
In his new role, Mr. Weismann, 51, will assume responsibility for the operations of the company's Advanced Materials Solutions Group. AMSG represents more than a third of Kennametal's global revenues and is a high- growth business for the firm. Mr. Weismann's most recent position was Vice President, General Manager of Energy, Mining & Construction Solutions Group.
"During Gary's 19-year tenure with Kennametal, he has held increasingly responsible leadership positions across the company, including successful assignments in international marketing, corporate planning and development, mergers and acquisitions and has had general management responsibility for the global Electronics Products Group," said Carlos M. Cardoso, Kennametal's President and CEO. "Gary understands the importance of growing our business significantly in emerging markets, and he has the vision and experience necessary to succeed in this key position. It is also important to mention that Gary is a long-term Kennametal employee-so this is a good indication of Kennametal's bench strength in executive leadership as well as the company's commitment to Talent Development, which is a core component of our business operations model-the Kennametal Value Business System," concluded Mr. Cardoso.
Outside of Kennametal, Mr. Weismann served as Managing Partner for Marketing Solutions, a private management and development group. He was also Senior Vice President and General Manager, Engineered Products Division at a company now known as Actuant Corporation. Mr. Weismann holds a bachelor's degree in accounting from Edinboro University of Pennsylvania and an MBA in finance from the University of Pittsburgh.
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 13,500 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]
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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/