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Kennametal promotes Sanjay Chowbey as CEO
Chowbey will take on the new role from June 1
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Kennametal announces Sanjay Chowbey as CEO / Image: Kennametal
Kennametal, a Pennsylvania-based industrial manufacturing company, has promoted Indian American executive Sanjay Chowbey as its new president and CEO.
Chowbey, who will take on the new role from June 1, is currently serving as vice president and president of the firm's metal-cutting segment. He will succeed Christopher Rossi, who is retiring.
His appointment comes after unanimous approval from Kennametal’s board of directors, as per a statement. William M. Lambert, chairman of the board, expressed confidence in Chowbey’s capabilities.
“Sanjay is a proven business leader and change agent, who I am confident will help us continue to execute on a transformational strategy to deliver above-market growth and margin expansion,” Lambert said.
“I am honored and excited to serve as the next CEO of Kennametal,” Chowbey, who joined the company in 2021 said. He emphasized the company’s proud legacy and the dedication of its employees worldwide, highlighting their commitment to continuous improvement.
Chowbey outlined his vision for accelerating Kennametal’s transformational journey to create shareholder value through growth, margin expansion, and a balanced capital allocation strategy.
Under Chowbey’s leadership, the metal-cutting segment expanded its customer base, delivered consistent sales growth, and launched over 20 new products. Moreover, he successfully improved employee engagement and expanded operating margins.
Christopher Rossi, the outgoing CEO, praised Chowbey’s appointment, affirming, “While difficult to say goodbye to this great company and our employees around the world, it is the right time for me personally to make this transition, especially knowing that I leave Kennametal under the very capable leadership of my planned successor Sanjay.”
Chowbey will continue in his current role during this transition period until officially assuming the CEO position, ensuring a seamless handover of responsibilities, the firm said.
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