Kennametal Names Donald Nolan CEO, Effective Nov. 17 - Quick Facts

(RTTNews) - Kennametal Inc. (KMT) said it has appointed Donald (Don) Nolan as its president and chief executive officer or CEO and member of the board, while electing William Newlin, lead director, to serve as board chairman, both effective November 17, 2014, facilitating a clear-cut, transparent transition of immediate effect. Carlos Cardoso's retirement is effective December 31, 2014, as announced earlier.

Nolan has served Avery Dennison Corporation since 2008, most recently as president of the company's $4.5 billion Materials Group, where he increased innovation, growth and profitability.

With Nolan's addition, Kennametal's board also includes 8 independent directors: Cindy Davis; Philip Dur; Timothy McLevish; Lawrence Stranghoener; Ronald Defeo; William Harvey; William Newlin; and Steven Wunning, who collectively bring diverse experience from a range of companies, including Caterpillar; Dick's Sporting Goods; DuPont; Kraft Foods; Mosaic; Nike; Northrop Grumman; Walgreens; and Terex.