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    ESAB Corp (ESAB)

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    ESAB Corporation is a global leader in fabrication technology and gas control solutions. The company develops, manufactures, and supplies advanced equipment, consumables, robotics, and digital solutions for industries such as cutting, joining, automated welding, and gas control applications. ESAB serves customers in approximately 150 countries, leveraging its innovation and operational excellence to address challenges across diverse markets.

    1. Fabrication Technology Equipment - Manufactures portable welding machines and large, customized automated cutting and welding systems for industrial applications.
    2. Welding Consumables - Produces electrodes, cored and solid wires, and fluxes made from specialty and other materials for welding operations.
    3. Cutting Consumables - Supplies electrodes, nozzles, shields, and tips used in cutting processes.
    4. Gas Control Equipment - Provides solutions for pressure and flow control of high-pressure gases, serving industries such as medical, life sciences, and specialty gas control.
    5. Digital Solutions - Offers software platforms like WeldCloud to enhance productivity, monitor welding operations remotely, and digitize documentation.
    NamePositionExternal RolesShort Bio

    Shyam P. Kambeyanda

    ExecutiveBoard

    President and Chief Executive Officer

    Board of Directors and Audit Committee of Veralto Corporation

    Shyam P. Kambeyanda has been the President and Chief Executive Officer of ESAB since May 2016 and has served on the Board of Directors since April 2022. Prior to his tenure at ESAB, he held leadership roles at Eaton Corporation, expanding his expertise in international operations.

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    Curtis Jewell

    Executive

    Senior Vice President and Corporate Secretary

    Curtis Jewell has led ESAB as Senior Vice President and Corporate Secretary since April 2022. Previously, he served as General Counsel at ESAB and held increasing responsibilities in his role as Corporate Secretary at Colfax Corporation since February 2011.

    Eleanor Lukens

    Executive

    President, Americas

    Eleanor Lukens is President, Americas at ESAB since January 2023, overseeing the fabrication technology business across North and South America. Previously, she served in multiple executive roles at AMETEK, contributing to her extensive global leadership experience.

    Kevin Johnson

    Executive

    Chief Financial Officer (CFO)

    Kevin Johnson has been the CFO of ESAB since May 2019 and is responsible for overseeing financial planning, controlling, tax, treasury, investor relations, and IT functions. He previously served as Vice President, Finance at Colfax Corporation from 2017 to 2019 and held various senior financial roles at Howden from 2001 to 2017.

    Michele Campion

    Executive

    Chief Human Resources Officer

    Michele Campion has been the Chief Human Resources Officer at ESAB since April 2022, driving the company’s global HR strategy. She previously served as Vice President, Human Resources at ESAB and at Under Armour from November 2014 to September 2020.

    Olivier Biebuyck

    Executive

    President, Fabrication Technology

    Olivier Biebuyck is President, Fabrication Technology at ESAB since January 2023. He previously served as President, EMEA from April 2021 to January 2023 and as VP/GM of the filler metals business since May 2017.

    Vusa Mlingo

    Executive

    Senior Vice President, Strategy and Business Development

    Vusa Mlingo has been the Senior Vice President, Strategy and Business Development of ESAB since January 2022, where he oversees strategic planning and global acquisition opportunities. Previously, he held senior roles in corporate development and strategy at SPX FLOW and Ingersoll Rand.

    Didier Teirlinck

    Board

    Director

    Didier Teirlinck has served as a Director on ESAB's Board since April 2022, acting as an independent director and Audit Committee member. He brings extensive international operations and climate sector experience, which enhances his contributions to ESAB.

    Melissa Cummings

    Board

    Director at ESAB Corporation

    Melissa Cummings has been a Board Director at ESAB Corporation since April 2022 and is a member of the Audit Committee. She brings extensive expertise in digital innovation, strategic marketing, and technology solutions through previous executive roles at other major industrial companies.

    Mitchell P. Rales

    Board

    Chairman of the Board

    Member of the Board of Directors, Danaher Corporation; Chairman of the Executive Committee, Danaher Corporation

    Mitchell P. Rales has served as the Chairman of the Board at ESAB Corporation since April 2022. He co-founded Enovis Corporation in 1995 and has maintained active leadership roles, including long-standing board membership and serving as Chairman of the Executive Committee at Danaher Corporation since 1983.

    Patrick W. Allender

    Board

    Director

    Director, Brady Corporation

    Patrick W. Allender has been serving as a Director at ESAB Corporation since March 2022, where he also chairs the Audit Committee; he previously served as Executive Vice President and CFO at Danaher Corporation from 1987 to 2007.

    Rajiv Vinnakota

    Board

    Director

    Director of Enovis (since May 13, 2008); President of Institute for Citizens & Scholars (since July 2019)

    Rajiv Vinnakota has been serving as a Director at ESAB since April 2022, where he is an independent director and the Chair of the Nominating and Corporate Governance Committee. He brings extensive leadership experience from his roles such as Director of Enovis since May 13, 2008 and President of Institute for Citizens & Scholars since July 2019.

    Rhonda L. Jordan

    Board

    Director

    Director at Ingredion Incorporated; Lead Director at Bush Brothers & Company; Director at G&L Holdings

    Rhonda L. Jordan has been a board member at ESAB since April 2022. She brings extensive experience from leadership roles at Kraft Foods and active board positions at Ingredion Incorporated, Bush Brothers & Company, and G&L Holdings.

    Robert S. Lutz

    Board

    Member of the Board of Directors

    Senior Vice President, Finance at Danaher Corporation

    Robert S. Lutz is a seasoned finance professional who has served as a board member at ESAB since April 2022, where he brings extensive experience in financial reporting and corporate governance. He has also held key roles outside of ESAB, notably serving as Senior Vice President, Finance at Danaher Corporation since January 2022.

    Stephanie M. Phillipps

    Board

    Member of ESAB's Board of Directors

    Senior Advisor at Grain Management LLC

    Stephanie M. Phillipps has served on ESAB's Board of Directors as an independent director and a member of the Compensation and Human Capital Management Committee since April 2022. She brings decades of legal and strategic advisory experience, including serving as a partner at Arnold & Porter from 1984 until her retirement in 2019.

    1. With limited organic growth projected and pricing expected to be minimal, especially in the Americas due to assumptions about stable or declining steel prices, how do you plan to achieve the 70 basis points of margin expansion in 2025?
    2. Given that the Euro is your biggest FX headwind and natural hedges only offset about 20% of currency movements, what specific strategies are you implementing to mitigate the negative impact of currency fluctuations on your EMEA and APAC businesses?
    3. You mentioned significant investments in AI across various functions, including design, development, back office automation, and customer service; can you elaborate on how these investments will contribute to your margin expansion and growth targets in 2025?
    4. Considering the equipment line is performing well and contributing to mix improvement, but with expectations of muted volume growth in Europe and choppy conditions in the Americas, how sustainable is this equipment growth, and what are your strategies to maintain it amid these challenges?
    5. Since potential benefits from any Russia-Ukraine conflict resolution and subsequent reconstruction efforts are not included in your forecasts, how confident are you in achieving your 2025 growth targets without relying on such external opportunities, especially given the uncertainties in the macroeconomic environment?
    Program DetailsProgram 1
    Approval DateAugust 13, 2024
    End Date/DurationNo term associated
    Total Additional AmountUp to 5 million shares
    Remaining AuthorizationFull authorization remains as of 2025-03-19
    DetailsShares can be repurchased on the open market, in privately negotiated transactions, or as determined by management based on market conditions and other factors

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    The markets that we compete in are also served by Lincoln Electric.

    The markets that we compete in are also served by the welding business within Illinois Tool Works, Inc.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Bavaria Schweisstechnik GmbH

    2025

    Announced on February 18, 2025 for approximately €60 million in cash consideration, the acquisition will add submerged‐arc welding capabilities to ESAB’s global consumables portfolio and is expected to be EPS accretive in the first year, subject to regulatory approvals and customary closing conditions.

    Linde Industries Private Limited

    2024

    Completed on July 2, 2024 with a purchase price of approximately $69–$77 million (net of cash received), this deal strategically strengthens ESAB's presence in the fast-growing Bangladeshi market and broader Asia by filling a geographic gap, adding $3.8 million in Q3 net sales and significant intangible assets and goodwill.

    SUMIG Soluções para Solda e Corte Ltda

    2024

    Announced on April 30, 2024 with roughly $74 million in cash consideration, this acquisition expands ESAB’s footprint in South America by integrating a light automation and equipment business that generated about $30 million in sales, and it is expected to be EBITDA and EPS accretive in the first year, pending regulatory approvals.

    Sager S.A.

    2024

    Completed on February 26, 2024 for approximately $18.1 million net of cash received, this acquisition of a leader in welding repair and maintenance in South America is anticipated to generate around $10 million in sales in 2024 and contribute to an overall increase in net sales and gross profit.

    Therapy Equipment Limited

    2023

    Completed on January 11, 2023 for approximately $18.7 million (net of cash received), the acquisition of this regional leader in oxygen regulators supports ESAB's strategy to complement organic growth through acquisitions and diversify its product offerings.

    Ohio Medical

    2022

    Completed on October 14, 2022 for about $127 million, this acquisition enhances ESAB’s global gas control platform with strong North American presence, creating over $400 million in platform sales and adding an estimated $15 million in tax benefits, while achieving higher margins and cross-selling opportunities.

    No recent press releases or 8-K filings found for ESAB.