Lincoln Electric Expands Board of Directors with the Appointment of N. Joy Falotico
Lincoln Electric Holdings, has announced the appointment of N. Joy Falotico, former President of The Lincoln Motor Company, a division of Ford Motor Company (NYSE: F), to its Board of Directors. Ms. Falotico’s election to the Board is effective as of February 19, 2025. She will serve as a member of the Audit Committee as well as the Nominating and Corporate Governance Committee.
This latest appointment expands Lincoln Electric’s Board of Directors to a total of 12 members, 11 of whom are independent, non-employee directors. The addition of Ms. Falotico underscores the company’s commitment to strengthening its leadership team with seasoned executives who bring diverse expertise and strategic insight to help drive Lincoln Electric’s continued success.
“We are pleased to welcome Joy to the Board,” said Steven B. Hedlund, Chair, President, and Chief Executive Officer of Lincoln Electric. “Joy’s extensive global leadership experience, coupled with her deep financial and commercial expertise, will be invaluable as we continue to execute our strategic initiatives. Her contributions will play a critical role in driving long-term, profitable growth for Lincoln Electric.”
About N. Joy Falotico
Ms. Falotico brings over three decades of experience in the automotive industry, with a distinguished career at Ford Motor Company. She served as President of Lincoln Motor Company, the luxury vehicle division of Ford, from 2018 until her retirement in 2022. During her tenure, she played a pivotal role in shaping Lincoln’s brand strategy, overseeing product development, and enhancing the company’s global market position. Under her leadership, Lincoln expanded its portfolio of luxury vehicles and strengthened its presence in key markets, particularly in China and North America.
Before leading Lincoln Motor Company, Ms. Falotico held several executive leadership roles at Ford. She served as Chief Marketing Officer and Group Vice President at Ford Motor Company, where she was responsible for global marketing initiatives, brand positioning, and customer experience enhancements. Her tenure at Ford also included serving as Chair and Chief Executive Officer of Ford Motor Credit Company, where she managed Ford’s financial services division and played a key role in navigating the company through changing economic conditions and evolving consumer financing needs.
Ms. Falotico holds a Bachelor of Science degree in Business Administration from Truman State University and an MBA from DePaul University. In addition to her new role on Lincoln Electric’s Board of Directors, she currently serves on the boards of Alliant Energy (NASDAQ: LNT) and Lineage, Inc. (NASDAQ: LINE), bringing her expertise in financial oversight, governance, and corporate strategy to multiple industries.
Lincoln Electric’s Commitment to Strategic Growth
Lincoln Electric is globally recognized as a leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, and plasma and oxy-fuel cutting equipment. The company also holds a leading position in the global market for brazing and soldering alloys. With a strong reputation as the Welding Expert™, Lincoln Electric is known for its innovation in materials science, software development, automation engineering, and application expertise. These core competencies enable the company to enhance its customers’ fabrication capabilities and contribute to the advancement of industries worldwide.
Headquartered in Cleveland, Ohio, Lincoln Electric operates 71 manufacturing and automation system integration locations across 20 countries. It maintains a vast global network of distributors and sales offices that serve customers in over 160 countries. Lincoln Electric’s solutions support a diverse range of industries, including automotive, aerospace, shipbuilding, construction, energy, and heavy machinery manufacturing.
A Future-Focused Approach to Innovation and Sustainability
Lincoln Electric continues to prioritize innovation and sustainability as key pillars of its business strategy. The company invests heavily in research and development to create cutting-edge welding technologies that enhance efficiency, precision, and safety. Recent advancements in automation and artificial intelligence have positioned Lincoln Electric as a leader in smart manufacturing solutions, helping companies optimize production processes and improve overall operational performance.
Sustainability remains a top priority for Lincoln Electric, with ongoing initiatives aimed at reducing the environmental impact of its products and operations. The company has made significant strides in developing energy-efficient welding solutions, reducing waste, and implementing sustainable manufacturing practices. By integrating sustainable technologies into its product offerings, Lincoln Electric is helping customers achieve their environmental goals while maintaining high levels of productivity and quality.
The Impact of Strong Leadership on Corporate Success
The appointment of Ms. Falotico to Lincoln Electric’s Board of Directors reflects the company’s commitment to fostering strong leadership at the highest levels. With her extensive experience in global brand management, financial oversight, and corporate governance, Ms. Falotico will provide valuable insights that will help Lincoln Electric navigate the evolving landscape of industrial manufacturing.
Her leadership at Ford Motor Company, particularly in the luxury automotive sector, demonstrates her ability to drive business transformation and enhance customer experiences. Her expertise in financial strategy and risk management will further strengthen Lincoln Electric’s governance framework, ensuring the company remains well-positioned for future growth and stability.
As Lincoln Electric continues to expand its global footprint, the guidance and strategic vision provided by its Board of Directors will be essential in maintaining the company’s leadership position in the welding and automation industry. With Ms. Falotico’s addition to the Board, Lincoln Electric gains a seasoned executive with a proven track record of driving innovation, enhancing operational efficiencies, and delivering sustainable business growth.
With a strong leadership team and a commitment to advancing manufacturing technologies, Lincoln Electric is well-positioned for continued success. The company’s focus on innovation, automation, and sustainability will remain central to its strategic initiatives as it seeks to deliver value to customers, shareholders, and employees.
The addition of N. Joy Falotico to the Board of Directors represents a significant step in strengthening Lincoln Electric’s governance and leadership structure. As the company looks to the future, the expertise and insights of its Board members will play a crucial role in shaping Lincoln Electric’s trajectory and ensuring its continued growth in an ever-evolving industrial landscape.
For more information about Lincoln Electric, its products, and corporate governance, please visit the company’s website at https://www.lincolnelectric.com.
