Graco Inc. has appointed Steven B. Hedlund as a member of its Board of Directors, effective September 10, 2026. Hedlund brings extensive experience in the manufacturing sector, currently serving as President, Chief Executive Officer, and Chairman of Lincoln Electric Holdings, Inc., a position he has held since January 2024.

Background and Experience

Before his current role, Hedlund served as Chief Operating Officer of Lincoln Electric and held various leadership positions in operations, strategy, and business development. Prior to joining Lincoln Electric, he was Vice President of Growth and Innovation and Vice President of Strategy and New Business Development at Fortune Brands, Inc. Earlier in his career, he was a principal at the management consulting firm Booz Allen Hamilton. Hedlund holds a bachelor's degree and a Master of Business Administration from Dartmouth College.

Board Committee Assignments

Hedlund will serve on two key committees within Graco's board structure. He has been appointed to the Audit Committee and the Management Organization and Compensation Committee.

Strategic Fit

J. Kevin Gilligan, Graco's Chairman of the Board, highlighted the strategic value of the appointment. "We are delighted to have Steve join the Graco Board of Directors. He is a proven leader with a growth-oriented mindset and a track record of driving value creation, including in international markets," Gilligan said. He noted that Hedlund's deep understanding of the manufacturing sector and global go-to-market strategy makes him a natural fit for the board.