Management ChangeJul 28, 2026, 04:22 PM
Kennametal Appoints Joseph Alvarado as New Chairman
AI Summary
Kennametal Inc. announced a leadership transition on its Board of Directors. William M. Lambert will retire from the Board and as Chairman, effective October 27, 2026. Joseph Alvarado, a current independent director, has been appointed as the incoming Chairman, effective October 28, 2026. Lambert has served on the Board since 2016 and as Chairman since 2023, while Alvarado joined the Board in 2018 and has chaired the Nominating/Corporate Governance Committee since 2023.
Key Highlights
- William M. Lambert to retire from Kennametal's Board and as Chairman.
- Lambert's retirement is effective October 27, 2026, after the annual shareholder meeting.
- Joseph Alvarado appointed as the new Chairman of the Board, effective October 28, 2026.
- Lambert served on the Board since March 2016 and as Chairman since October 2023.
- Alvarado has been a director since 2018 and chair of the Nominating/Corporate Governance Committee since 2023.
- Alvarado is the retired Chairman, President, and CEO of Commercial Metals Company.
Price Impact
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