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2006-02-17 News Headlines

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Tooling supplier Kennametal announces new VP and President for MSSG

Kennametal, a leading global supplier of tooling, announces the promotion of Ronald Keating to Corporate VP and President of Metalworking Solutions Services Group.

Kennametal Inc. announced today the promotion of Ronald C. Keating to Corporate Vice President and President of the company's Metalworking Solutions Services Group (MSSG) reporting to President and CEO Carlos M. Cardoso. This appointment is effective March 1, 2006.

Find information about Kennametal.

"We are excited to have Ron step into this position. During his tenure at Kennametal, he has delivered stellar results and his commercial and strategic skills are world class," commented Cardoso. "Ron's abilities to identify new markets, anticipate competitive trends, and grow the business through solid execution will be great assets as we take Kennametal to the next level of performance. Also, Ron's selection from inside Kennametal speaks to the depth of the company's leadership bench and the strength of the succession planning component of our Talent Development process. This process is a part of the Kennametal Value Business System (KVBS), which is the set of six core processes by which we manage the company."

KENNAMETAL RON KEATING Photo: PRN Photo Service.

In his new role, Keating will have responsibility for all of Kennametal's Metalworking Solutions and Services Group worldwide, comprising about 60 percent of the company's overall sales revenues. The position became available January 1, 2006, when then-Chief Operating Officer (COO) Carlos M. Cardoso was appointed President and CEO. As COO, a position that will not be continued, Cardoso also served as President of MSSG.

Keating, most recently Vice President of Kennametal's Energy, Mining and Construction Solutions Group, has also served as VP and General Manager of Electronics Products Group. Keating came to Kennametal in 2001 from Ingersoll- Rand, where he executed assignments of increasing global scope and financial responsibility during his nearly decade-long tenure.

Keating's educational background includes a BS in industrial distribution from Texas A&M University and an MBA from the Kellogg School, Northwestern University.

Kennametal Inc. (NYSE: KMT) is a leading global supplier of tooling, engineered components and advanced materials that are consumed in production processes. We provide customers with a broad range of technologically advanced tools, tooling systems and engineering services. Our products use highly complex metallurgy and materials science in tungsten carbide powders, high-speed steels, ceramics, industrial diamond and other materials that are particularly resistant to heat, abrasion, pressure and wear.

Around the world, Kennametal's metalcutting tools are first or second in market share in every market we serve. Kennametal is the undisputed global market leader in tools for the mining and highway construction industries.

With 14,000 employees worldwide, the corporation's annual sales are over $2.3 billion, nearly half of which comes from sales outside the United States. Kennametal is headquartered in Latrobe, Pa., USA, and has been named one of the Best Places to Work in Pennsylvania. Kennametal was founded in 1938 and today is represented in more than 60 countries.

Read recent articles on the Kennametal Strategic Alliance with European Supplier of Electro Chemical Machining and Tooling supplier Kennametal recognized by APQC for practices in innovation.

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