LATROBE, Pa., July 12 — Kennametal Inc. (NYSE: KMT) announced today that Chairman, President and Chief Executive Officer Carlos Cardoso has been elected vice chairman of the executive committee of the Manufacturers Alliance/MAPI, a leading business research and executive education organization. Cardoso will serve a two-year term with the Arlington, Va.-based organization, which has acted on behalf of manufacturing interests since 1933.
“We are delighted and fortunate to attract such strong leadership to our executive committee,” said Thomas J. Duesterberg, president and CEO of the Manufacturers Alliance/MAPI. Duesterberg also said that Cardoso “will offer a clear and vibrant vision” as one of the organization’s top leaders.
Before ascending to chairman, president and CEO, Cardoso served as Kennametal’s executive vice president and chief operating officer, a role in which he oversaw the company’s Metalworking Solutions and Services and Advanced Materials Solutions businesses — businesses that account for 90 percent of Kennametal’s revenue.
Cardoso, who was named one of America’s “Best Chief Executive Officers” by Institutional Investor magazine, also serves on the boards of The Stanley Works, the National Association of Manufacturers and the Allegheny Conference on Community Development. In addition, he is a member of the Fairfield (Conn.) University Charles F. Dolan School of Business Advisory Council and the University of Pittsburgh Cancer Institute Council.
Kennametal Inc. (NYSE: KMT) delivers productivity to customers seeking peak performance in demanding environments by providing innovative custom and standard wear-resistant solutions. This proven productivity is enabled through our advanced materials sciences and application knowledge. Our commitment to a sustainable environment provides additional value to our customers. Companies operating in everything from airframes to coal mining, from engines to oil wells and from turbochargers to construction recognize Kennametal for extraordinary contributions to their value chains. In fiscal year 2009, customers bought approximately $2.0 billion of Kennametal products and services — delivered by our nearly 12,000 talented employees doing business in more than 60 countries — with more than 50 percent of these revenues coming from outside North America. Visit us at www.kennametal.com
