Kennametal Inc. (NYSE: KMT) has announced the appointment of David Bersaglini as Vice President of Kennametal Inc. and President of the Metal Cutting segment, effective August 26, 2024. Bersaglini brings with him nearly 25 years of experience, having served as Vice President and General Manager of Global Refrigeration at Copeland, a spin-off of Emerson.
In his new role, Bersaglini will be responsible for advancing the strategy, driving operational excellence, and delivering profitable growth for the Metal Cutting segment. This segment generated $1 billion in revenues under his leadership at Copeland, where he was responsible for developing and implementing strategies for the Americas, Europe, and Asia.
Kennametal Inc. is a global industrial technology leader, with over 80 years of experience in delivering productivity to customers through materials science, tooling, and wear-resistant solutions. In fiscal 2023, the company generated $2.1 billion in revenues and has approximately 8,700 employees serving customers in nearly 100 countries.
The appointment of Bersaglini comes as Kennametal aims to create shareholder value through growth, margin expansion, and a balanced capital allocation strategy. Sanjay Chowbey, President and CEO of Kennametal, expressed confidence in Bersaglini's ability to lead the Metal Cutting business, citing his valuable commercial expertise, growth mindset, and results orientation as key factors in his selection for the role.
Bersaglini's appointment marks a significant development for Kennametal Inc. as it seeks to leverage his extensive experience and proven ability to drive value creation through growth and market strategies. With his appointment, the company looks poised to strengthen its position in the global industrial space and drive further growth and profitability in the Metal Cutting segment. Today the company's shares have moved -1.2% to a price of $23.97. For more information, read the company's full 8-K submission here.
