CLEVELAND, Nov. 5, 2013 /PRNewswire/ -- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has appointed Mr. Mathias Hallmann as President, Lincoln Electric Europe (includes Europe, Middle East, Africa and Russia). In this role, Mr. Hallman will have oversight of the region's day-to-day operations, as well as the financial and competitive success of one of the Company's largest business segments. He will also serve as a member of the global executive team.
Mr. Hallmann most recently served as Director, Business Strategy for the Company's European business and brings more than 20 years of management and leadership experience, having previously served as the Chief Executive Officer of Bohler Welding Group, a European welding consumables manufacturer. Mr. Hallmann also held various executive roles at Moeller GmbH, a German industrial company, and was a management consultant at McKinsey & Company. Mr. Hallmann earned a Ph.D. and a master's degree in mechanical engineering from the Karlsruhe University in Germany.
Mr. Hallmann succeeds Tom Flohn, who will now be serving as Regional President, Lincoln Electric Asia Pacific Region. In this role, Mr. Flohn will oversee certain Asia Pacific operations, implement Lincoln Electric's global growth strategies in the region and continue to serve as a member of the global executive team. Mr. Flohn has held numerous executive management roles over his 15 years with the Company and earned a bachelor's degree in mechanical engineering from Cleveland State University.
About Lincoln ElectricLincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 45 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. Forward-Looking Statements The Company's expectations and beliefs concerning the future contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "forecast," "guidance" or words of similar meaning. Actual results may differ materially from such statements due to a variety of factors that could adversely affect the Company's operating results. The factors include, but are not limited to: general economic and market conditions; the effectiveness of operating initiatives; currency exchange and interest rates; adverse outcome of pending or potential litigation; actual costs of the Company's rationalization plans; possible acquisitions; market risks and price fluctuations related to the purchase of commodities and energy; global regulatory complexity; and the possible effects of events beyond our control, such as political unrest, acts of terror and natural disasters, on the Company or its customers, suppliers and the economy in general. For additional discussion, see "Item 1A. Risk Factors" in the Company's Annual Report on Form 10-K.
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