News Release

Lincoln Electric Promotes Steven B. Hedlund to Lead the International Welding Segment

CLEVELAND, May 25, 2017 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (Nasdaq:LECO) today announced that it has promoted Steven B. Hedlund to Executive Vice President and President of the International Welding segment. In this role, Hedlund will lead the European (Europe, Middle East, Africa and Russia) and Asia Pacific regions’ day-to-day operations and oversee the implementation of all strategic, operational and commercial initiatives. He will continue to serve as a member of the management committee. Hedlund succeeds Mathias Hallmann, who has decided to leave the Company to pursue other interests.

Hedlund most recently served as Senior Vice President and President of Global Automation. He joined the Company in 2008 as Vice President, Strategy and Business Development where he led strategic planning and acquisitions. Previously, he was with Fortune Brands, Inc. and at Booz Allen & Hamilton. He earned a bachelor’s degree and an MBA from Dartmouth College.

“I am pleased to announce Steve’s promotion to this role,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “Steve’s extensive experience, process-driven approach and achievements in advancing our automation strategy will help drive the International Welding segment’s next phase of growth and development with Air Liquide Welding.”

About Lincoln Electric

Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market.  Headquartered in Cleveland, Ohio, Lincoln has 47 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries.  For more information about Lincoln Electric and its products and services, visit the Company’s website at www.lincolnelectric.com.

Contact

Amanda Butler
Director, Investor Relations
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com

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Lincoln Electric Holdings, Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Lincoln Electric Holdings Inc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.