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Kennametal posts loss, announces third phase of restructuring

2015-05-06 01:29:20| Industrial Machines - Topix.net

Kennametal Inc. has identified more opportunities to cut costs and consolidate manufacturing, the company announced Tuesday.

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Kennametal Director Andre Gagne Acquires 25,000 Shares

2015-03-15 01:26:23| Industrial Machines - Topix.net

Kennametal Director Andre Gagne purchased 25,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of C$0.45 per share, for a total transaction of C$11,250.00.

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Kennametal CFO to retire

2015-02-19 15:16:11| Industrial Machines - Topix.net

Kennametal is looking for a permanent CFO with the retirement of Frank Simpkins, who has been in the position since 2006. Simpkins, who has been CFO for about nine years, is officially retiring March 31. Kennametal said in a statement Thursday that Vice President/Corporate Controller Martha Fusco has been named interim CFO effective Feb. 23. " Frank Simpkins has served the company admirably as CFO since 2006," CEO Donald Nolan said in a statement.

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Kennametal offering 1,000 workers voluntary separation plan

2015-02-11 17:10:28| Industrial Machines - Topix.net

New Kennametal president and CEO Don Nolan is giving about 1,000 U.S. salaried workers the opportunity to quit as part of his plans for revitalizing the Latrobe area tool maker. The company extended a "voluntary separation plan" to the group on Monday, asking workers who qualify whether they would be interested in considering leaving the company, said spokeswoman Lorrie Crum.

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Kennametal CEO says there are no 'sacred cows' in restructuring

2015-01-29 19:33:27| Industrial Machines - Topix.net

In his first conference call as president and CEO of Kennametal Inc. , Don Nolan said the company is taking immediate steps to develop a new game plan. After only 74 days at the helm, Nolan said Kennametal is entering the second phase of a far-reaching restructuring program and is in the process of reviewing strategies that will streamline the company's manufacturing footprint, reduce general and administrative costs, and enable organic growth.

Tags: ceo sacred restructuring cows

 

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