Kennametal Inc. Chairman to Retire; Joseph Alvarado Named Successor

What Happened

• Kennametal Inc. announced on July 28, 2026 that Board Chairman William M. Lambert provided notice he will retire from the Board and as Chairman effective at the conclusion of the annual shareholder meeting on October 27, 2026.
• The Board has appointed Director Joseph Alvarado to succeed Mr. Lambert as Chairman. Mr. Alvarado has served on Kennametal’s Board since 2018 and has chaired the Nominating/Corporate Governance Committee since 2023.

Key Details

• Effective date of retirement: October 27, 2026 (end of the annual shareholder meeting).
• William M. Lambert: Board member since March 2016; Chairman since October 2023.
• Joseph Alvarado: Director since 2018; retired Chairman, President & CEO of Commercial Metals Company (CMC); served as CMC CEO from Sept 2011 and Chairman from Jan 2013 until retirement in Jan 2018.
• Mr. Alvarado’s background includes senior leadership roles at U.S. Steel Tubular Products, Lone Star Technologies, Ispat North America, Birmingham Steel and Inland Steel Bar Company; he holds an MBA from Cornell and a BA in Economics from Notre Dame.

Why It Matters

• This is a board leadership change (Chairman), not a change in the company’s CEO or day-to-day management. Investors should note the planned, announced succession and the effective date to understand timing of governance transition.
• Joseph Alvarado brings extensive metals and manufacturing industry leadership experience, which is directly relevant to Kennametal’s industrial products business and could influence board oversight and strategic guidance.
• The filing contains no indication of operational or financial changes tied to this announcement.