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08.05.2018 14:56:41

Kimball International CEO Bob Schneider to retire, step down as chairman

Kimball International Inc. said Tuesday that Chief Executive Bob Schneider will retire, effective Oct. 31, after four years in the role, and 31 years at the company. At that time, Schneider also plans to step down as chairman of the board, but will remain a board member for a period of time not to exceed the remainder of his term, which ends in 2020. The board has established a committee to search for a new CEO. Shares of the home furnishings company, which were still inactive in premarket trading, have lost 7.7% over the past 12 months, while the S&P 500 has gained 11.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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