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Malco’s Don Schmidt Announces Retirement

Don Schmidt

Don Schmidt has announced his retirement from Malco Products, effective June 26, 2014. Don has been with Malco for over 42 years, where he has held positions such as national sales manager, director of Sales and Promotion, vice president of Sales and Marketing and, for the past 18 years, executive vice president.

He has been the face of Malco at industry functions for many years. During his tenure at Malco, Don was instrumental in ushering in change to the company culture, serving 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. As Don transitions to retirement, he will continue to serve on the Malco board of directors.

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.

Malco Products is a developer and manufacturer of specialized hand tools and power tool accessories for the construction and automotive markets in the U.S., Canada, Western Europe and South Pacific. The company was started in Minneapolis in 1950 and moved its operations to Annandale in 1971.

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