Kennametal appoints Sanjay Chowbey as CEO effective June 1, 2024; Christopher Rossi retires May 31

KENNAMETAL INC

Christopher Rossi to retire as President & CEO on May 31, 2024 after nearly 7 years at the helm.
Sanjay Chowbey, currently President of Metal Cutting segment, appointed CEO and Board member effective June 1, 2024.
Chowbey's compensation: $925k base salary, 110% target bonus, and $3.85M long-term incentive grant (60% PSU / 40% RSU).
Rossi and Chowbey will work together to ensure a seamless transition; search for Metal Cutting successor launched.
Board cited Chowbey's proven leadership and ability to execute growth strategy and margin expansion.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Sanjay Chowbey

Director

KMT · KENNAMETAL INC

Effective: 2024-06-01
Filed: March 14, 2024, 7:59 PM ET

Mr. Chowbey has also been appointed to serve as a member of the Board of Directors to hold office from June 1, 2024

Appointed

Sanjay Chowbey

President and Chief Executive Officer

KMT · KENNAMETAL INC

Effective: 2024-06-01
Filed: March 14, 2024, 7:59 PM ET

the Board announced the appointment of Mr. Sanjay Chowbey to serve as Kennametal’s President and Chief Executive Officer starting on June 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sanjay Chowbey was appointed as Director at KENNAMETAL INC.

Action: appointed
Role: Director

Exact text from the filing

Mr. Chowbey has also been appointed to serve as a member of the Board of Directors to hold office from June 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sanjay Chowbey was appointed as President and Chief Executive Officer at KENNAMETAL INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board announced the appointment of Mr. Sanjay Chowbey to serve as Kennametal’s President and Chief Executive Officer starting on June 1, 2024.

View on SEC.gov

KENNAMETAL INC filing history →

Source: SEC EDGAR

accession 0000055242-24-000015

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