Industry Dashboard for May 12, 2014
In the absence of any major economic releases last week, stocks were fairly divided on their month-over-month performance; gas prices crept ahead of year-ago levels.
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Schmidt to retire from Malco Products
A 42-year veteran of Annandale, Minnesota-based Malco Products, Don Schmidt announced his retirement from the company, effective June 26.
Schmidt has held positions as national sales manager, director of sales and promotion, VP sales and marketing and, for the past 18-years, executive VP.
During his tenure at Malco, Schmidt was instrumental in ushering in change to the company culture as a member of steering committees that formalized processes for manufacturing and resource planning, new product development and product customization. He also led Malco initiatives to grow globally and, during the great recession, spearheaded efforts to diversify Malco’s markets and product line.
Schmidt will continue to serve on the Malco board of directors.
Malco Products is a developer and manufacturer of specialized hand tools and power tool accessories for the construction and automotive markets in the United States, Canada, Western Europe and South Pacific.