Strategic Board Expansion: Lincoln Electric Welcomes Falotico as New Director to Drive Growth

2025-12-31 08:53:04

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has announced the appointment of N. Joy Falotico to its Board of Directors, effective February 19, 2025. This move marks a significant strengthening of the board’s expertise in financial and operational leadership as the welding solutions leader pursues its long-term growth agenda.

Falotico Brings Three Decades of Automotive and Financial Leadership

The newly appointed director brings formidable credentials shaped by a 33-year career at Ford Motor Company. Most recently, Falotico led Lincoln Motor Company—Ford’s luxury vehicle division—as President from 2018 through her 2022 retirement. Her professional trajectory spans multiple strategic domains: she previously held the role of Chief Marketing Officer, served as Group Vice President at Ford, and led Ford Motor Credit Company as Chair and Chief Executive Officer. These positions equipped her with deep commercial, regulatory, and operational acumen that now positions her as a valuable addition to Lincoln Electric’s governance structure.

Expanded Board Composition and Committee Roles

With Falotico’s election, Lincoln Electric’s Board expands to 12 directors, with 11 maintaining independent, non-employee status. She has been assigned to two key committees: the Audit Committee and the Nominating and Corporate Governance Committee. These assignments reflect the board’s intent to leverage her financial expertise and governance experience.

Steven B. Hedlund, Chair, President and Chief Executive Officer of Lincoln Electric, commented on the appointment: “Falotico’s global leadership background and commercial-financial expertise provide the Board with valuable perspective as we execute strategic initiatives aimed at sustainable, profitable expansion.”

Educational Foundation and Current Board Involvement

Falotico holds a Bachelor of Science in Business Administration from Truman State University and an MBA from DePaul University. Beyond her new role at Lincoln Electric, she currently serves on the boards of Alliant Energy (NASDAQ: LNT) and Lineage, Inc. (NASDAQ: LINE), demonstrating her continued engagement in corporate governance across diverse sectors.

About Lincoln Electric: Global Leader in Arc Welding and Joining Technology

Lincoln Electric stands as the world’s preeminent provider of arc welding solutions, automated joining and assembly systems, and plasma and oxy-fuel cutting equipment. The company maintains a dominant market position in brazing and soldering alloys and has earned recognition as the “Welding Expert™” through its capabilities in materials science, software engineering, and automation technology. These competencies enable customers to enhance fabrication efficiency and build increasingly sophisticated structures.

Operationally, Lincoln Electric maintains 71 manufacturing and automation integration facilities across 20 countries, supported by a comprehensive global distributor network. The company serves customers in more than 160 countries. Headquartered in Cleveland, Ohio, Lincoln Electric continues to advance welding and joining technologies that support industries worldwide.

Contact: Amanda Butler, Vice President of Investor Relations & Communications
Tel: 216.383.2534 | Email: Amanda_Butler@lincolnelectric.com

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