November 7, 2023 · in Industry News
Lincoln Electric Holdings announces retirement and new president

Lincoln Electric Holdings Inc. announced that Christopher L. Mapes, chairman, president and CEO, will retire as president and CEO at the end of the year. Steven B. Hedlund, chief operations officer, will be named president and CEO. Mapes will work closely with Hedlund to ensure a seamless transition. “This leadership transition reflects a structured, multi-year succession planning process to ensure strong continuity and execution of our long-term strategy and we are confident that Steve’s leadership and track record of driving growth and operational excellence will continue to generate superior value for our stakeholders,” said Curtis Espeland, lead independent director.

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