Kimball International CEO to Retire

Posted: Updated:
Kimball International CEO Bob Schneider (photo courtesy of Kimball International Inc.) Kimball International CEO Bob Schneider (photo courtesy of Kimball International Inc.)
JASPER -

Kimball International Inc. (Nasdaq: KBAL) has announced CEO Bob Schneider will step down later this year. Schneider informed the Jasper-based company's board of directors that he will retire October 31, after four years at the head of the company.

Schneider says he intends to remain a board member to provide continuity during the transition, for a period not to exceed the remainder of his term which ends in 2020. “The past four years have been a tremendous honor and pleasure to lead our Company in the journey to improved health and profitability, to the point where we are now ready for the next phase of growth,” stated Schneider.  “I’ve always had an aspiration to retire early to allow ample time to pursue personal interests and travel.  Upon becoming CEO and Chairman of the Board in 2014, I wanted to see Kimball International make the transition to a single class public company and to see the Company regain its health before considering retirement.  With the support of the Board and the dedicated employees of our Company, we accomplished both within three years."

The board has formed a CEO search committee of independent directors, which has employed an executive search firm to find internal and external candidates. 

  • Perspectives

    • Seven Steps to Overcome Your Fear of Writing

      "I hate to write!" While that phrase is music to my ears, because it ensures my income will persist, it also saddens me. Far too many people dislike writing, largely because they’re intimidated by the process of knitting words into sentences and sentences into paragraphs. Nearly everyone needs to write from time to time, and the ability to assemble words in a coherent way can impact your success. Whether you have to write reports, proposals, memos, or even emails...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Hoosier Companies Among 'Most Admired'

      Two Indiana companies are included in Fortune's 2019 list of the "World's Most Admired Companies." The list was determined by a survey of nearly 4,000 executives, directors and analysts who rated companies in their own industries based on criteria such as investment value, quality of management and ability to attract talent.

    • Books & Brews Acquires Flat12 Bierwerks

      Indianapolis-based Books & Brews has announced its acquisition of Flat12 Bierwerks, also based in Indy. Financial terms of the deal are not being disclosed, however Books & Brews says it will continue to operate Flat12 under the same brand name. The acquisition is a continuation of an existing partnership between the two entities. Books & Brews says Flat12 has been a brewery partner for the past two years, brewing all of B&B's flagship and seasonal beers.

    • Hoosier Companies Among 'Best and Brightest'

      Two Indiana companies are among more than 500 selected by the National Association for Business Resources as the 2018 Best and Brightest Companies to Work For in the Nation. The winners were chosen by an independent research firm from more than 2,400 nominations.

    • Indiana Liquor Group to Buy Save-On Liquor Chain

      Indiana Liquor Group LLC will work with the Indiana Alcohol & Tobacco Commission this week for final approval of its purchase of Save-On Liquor stores. Our partners at The Herald Bulletin report Phillip E. Miller agreed to sell the 31-location package store chain to ILG last month. 

    • Cook: Location, Funding Among Eleven Park Questions

      Several ambitious economic development projects are already taking center stage this year, particularly in central Indiana. Indianapolis-based KSM Location Advisors Chief Executive Officer Tim Cook and President Katie Culp say efforts like Eleven Park, which would include a new stadium for the Indy Eleven soccer team, and a potential casino in downtown Indianapolis are among the key projects being talked about. On the (i) on Economic Development segment on Inside INdiana Business...