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Robert F. “Bob” Schneider; Executive Vice President And Chief Financial Officer (Photo: Business Wire)

Stocks in this article: KBALB

Kimball International, Inc. (NASDAQ: KBALB) today announced the appointment of Robert F. “Bob” Schneider to the Company’s Board of Directors. Mr. Schneider currently serves as Executive Vice President and Chief Financial Officer of Kimball International. His appointment was effective with his election at today’s regularly scheduled board meeting.

Robert F. “Bob” Schneider; Executive Vice President and Chief Financial Officer (Photo: Business Wir ...

Robert F. “Bob” Schneider; Executive Vice President and Chief Financial Officer (Photo: Business Wire)

The addition of Schneider to the Board reflects the Company’s ongoing commitment to long-range development of its executive management team and recognition of professional growth. Schneider, 53, is slated to succeed retiring current President and CEO, James C. Thyen later this year, upon completion of the Company’s spin-off of its Electronics Manufacturing Services segment into a separate, publicly-traded standalone company. The spin was announced last month.

During his career with Kimball, Schneider has served in various financial and executive capacities. He joined the Company in 1987 and has been an officer since 1992. His current responsibilities include Kimball International strategic planning, finance, audit, and treasury services. Last year, he assumed responsibility for the strategic, operational and financial aspects of the Kimball Hospitality furniture operations, the largest hotel in-room casegoods furniture and seating manufacturer in the United States. Mr. Schneider serves on the Company’s eight-member Corporate Steering Committee, formulating Kimball International strategy and establishing direction for the Company. He is also a member of the Advisory Board of FM Global Insurance, a leading commercial property insurance company that focuses on loss prevention.

Prior to joining the Company, Mr. Schneider was with the public accounting firm of Deloitte Haskins and Sells in Cincinnati, Ohio. Mr. Schneider earned a bachelor’s degree in accounting with “High Distinction” from Indiana University in 1983 and is a CPA (inactive). He and his wife reside in Jasper, Indiana.

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