Latest In Kennametal
DeFeo replaces Nolan as president and CEO.
Company also plans to move headquarters to Pittsburgh, PA.
Company names Jan Kees van Gaalen as vice president and CFO.
Fourth-quarter sales dip 17.4 percent year-over-year.
New president replaces retiring Carlos Cardoso.
Industrial segment sales increased 12 percent from the prior year quarter.
The company's board of directors will consider both internal and external candidates in a search for a successor.
Jeswant Gill and James Kohosek named to lead Kennametal's principal business segments.
Kennametal CEO: Manufacturing needs a rebranding.
Profit decreases significantly for both quarter, year-to-date.
Industrial segment sales fell 4 percent from the prior year quarter.
The acquisition will help Kennametal to diversify its tungsten sourcing.
