Lincoln Electric Board Elects Steven Hedlund, Currently CEO And Director, To Succeed Christopher Mapes As Chair, Effective January 1, 2025
Portfolio Pulse from Benzinga Newsdesk
Lincoln Electric's Board has elected Steven Hedlund, the current CEO, to succeed Christopher Mapes as Chair, effective January 1, 2025. Mapes will retire from his position as Executive Chair and Board member on December 31, 2024. Hedlund will continue as President and CEO.
October 10, 2024 | 8:33 pm
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Lincoln Electric has announced a leadership transition with Steven Hedlund set to become the new Chair, succeeding Christopher Mapes, who will retire at the end of 2024.
The announcement of a leadership change at Lincoln Electric is significant as it involves the transition of the Chair position. However, since the transition is planned for 2025, the immediate impact on stock price is likely neutral. Investors may view the continuity of leadership positively, as Hedlund is already the CEO.
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