Schneider Appointed to Kimball Board; Quarterly Dividend Announced

Jasper-based Kimball International Incorporated has announced a new appointment.

The company announced yesterday afternoon that Robert “Bob” Schneider has been appointed to the company’s board of directors. Schneider’s appointment is effective as of yesterday’s regular board meeting where he was elected to the board.

Schneider currently serves as the Vice President and Chief Financial Officer for Kimball. Company officials say his addition to the board reflects an ongoing commitment to a long-range development Robert Schneiderplan for its executive management team along with recognizing professional growth. The 53-year-old Schneider will be succeeding current president and CEO James Thyen. Thyen is set to retire later this year after Kimball completes a spinoff of its Electronics Manufacturing Services (EMS) segment. The EMS segment is set to be a standalone publically traded company, which is a decision that was announced last month by the company.

Schneider earned his bachelor’s degree in accounting from Indiana University back in 1983. He has served in several financial capacities since joining Kimball back in 1987. He’s been a company officer since 1992. He currently works with strategic planning, finance, audit, and treasury services. He assumed the responsibility for the financial, strategic, and operational sides of the Kimball Hospitality furniture network last year. Schneider also currently serves on Kimball’s 8 member Corporate Steering Committee. In addition, he serves on the Advisory Board for FM Global Insurance, a company whose focus is on loss prevention.

Schneider worked for Cincinnati, Ohio-based Deloitte, Haskins, and Sells prior to his time at Kimball. He and his wife currently reside in Jasper.

In a news release, Kimball International Board Chairman Douglas Habig says Schneider’s record of leadership has been very important to the company. He says Schneider will play an important role in helping with Kimball’s transition to two completely independent companies.

On another note, Kimball also declared its quarterly dividend. It will be 5 cents per share on Class B common stock while Class A common stock will be 4 and a half cents per share. Those will be payable April 15th to shareholders of record as of March 25th.

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