Kennametal CEO to retire

Latrobe, Pa.-based Kennametal Inc. has announced that Chairman, President, and CEO Carlos Cardoso has decided to retire from the company effective Dec. 31, 2014.

Cardoso has served as president and CEO since January 2006 and was elected chairman two years later. He joined the company in April 2003 as president of its Metalworking Solutions and Services Group and subsequently was appointed executive vice president and COO.

Named one of America's "Best Chief Executive Officers" (Institutional Investor), Cardoso is immediate past chairman of the Manufacturers Alliance for Productivity and Innovation (MAPI), on the U.S. Manufacturing Council, and on the board of the National Association of Manufacturers (NAM).