"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," said the copmpany. "He also led Malco initiatives to grow globally, and during the great recession he spearheaded efforts to diversify Malco’s markets and product line."
Schmidt will continue to serve on the MAclo board of directors as he transitions to retirement. In recent years Malco’s top management structure has transitioned to director positions for finance, operations, marketing, and product development. Mary Ross, director of marketing, continues to oversee both sales and marketing functions for Malco, and Eric Peterson continues to lead new product development.