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MarketScreener Homepage  >  Equities  >  Nyse  >  Eastman Chemical Company    EMN

EASTMAN CHEMICAL COMPANY

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Eastman Chemical : Kellye L. Walker Elected to Lincoln Electric Board

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10/20/2020 | 05:34pm EDT

CLEVELAND, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced that Kellye L. Walker, 54, Executive Vice President and Chief Legal Officer of Eastman Chemical Company (NYSE: EMN), has been elected to Lincoln Electric's Board of Directors, effective October 20, 2020. She has been appointed to serve on the Nominating and Corporate Governance and the Compensation and Executive Development Committees. Ms. Walker’s appointment expands Lincoln Electric's Board to 12 directors, 11 of whom are non-employee directors.

Kellye L. Walker Elected to Lincoln Electric Board
Kellye L. Walker


"We are pleased to welcome Kellye Walker to the Board and look forward to her guidance and many contributions,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “Kellye’s extensive leadership experience across various industries in legal, corporate governance and strategy development will lend tremendous value in helping us advance our Higher Standard 2025 Strategy.”

Ms. Walker has served as Executive Vice President and Chief Legal Officer of Eastman Chemical Company, a global specialty materials company, since April 2020. In this role, she has oversight of corporate governance, compliance and litigation management, as well as government affairs, product stewardship and regulatory affairs, global business conduct and the company’s global health, safety, environment and security organization. She previously served as Executive Vice President and Chief Legal Officer of Huntington Ingalls Industries, Inc., as well as Chief Administrative Officer, Senior Vice President and General Counsel of American Water Works, and Senior Vice President and General Counsel at Diageo North America and at BJ’s Wholesale Club. Ms. Walker also served as a corporate partner in private practice. Ms. Walker received her B.S. from Louisiana Tech University and her J.D. from Emory University School of Law.

Business

Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Headquartered in Cleveland, Ohio, Lincoln Electric has 59 manufacturing locations in 18 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 https://www.lincolnelectric.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0268424-d12a-4eb0-a87a-aa91103d91e5


Contact

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

lincoln logo.jpg

Source: Lincoln Electric Holdings, Inc.

2020 GlobeNewswire, Inc., source Press Releases


Stocks mentioned in the article
ChangeLast1st jan.
EASTMAN CHEMICAL COMPANY -2.86% 84.82 Delayed Quote.10.17%
LINCOLN ELECTRIC HOLDINGS, INC. -2.67% 102.72 Delayed Quote.6.19%
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Financials (USD)
Sales 2020 8 315 M - -
Net income 2020 660 M - -
Net Debt 2020 5 010 M - -
P/E ratio 2020 17,2x
Yield 2020 3,09%
Capitalization 11 476 M 11 476 M -
EV / Sales 2020 1,98x
EV / Sales 2021 1,82x
Nbr of Employees 14 500
Free-Float 61,1%
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 89,65 $
Last Close Price 84,82 $
Spread / Highest target 29,7%
Spread / Average Target 5,69%
Spread / Lowest Target -13,9%
EPS Revisions
Managers
NameTitle
Mark J. Costa Chairman & Chief Executive Officer
William T. McLain Chief Financial Officer
Mark K. Cox Chief Manufacturing & Engineering Officer, SVP
Stephen G. Crawford Chief Technology Officer & Senior Vice President
David Wayne Raisbeck Independent Director
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