Kewaunee Scientific announced Board Chairman and CEO Bill Shumaker will retire June 30, following nearly 20 years of service with the global lab-furniture manufacturer, according to a press release.
“It has been the honor of my lifetime to lead Kewaunee Scientific Corporation for the last 14 years. I have had the privilege to meet many of the business and educational leaders in the Statesville community, and I am proud to call them my friends,” Shumaker said.
“I am especially pleased to have worked with some of the finest people I have ever met that are employed by Kewaunee. I will remain involved with Kewaunee in a non-executive role and active in the community, since my wife, Sandy, and I will remain residents of Iredell County.”
David Rausch, currently president and chief operating officer, will replace Shumaker and be named to the board of directors on July 1, based on a leadership succession plan more than two years in the making. Shumaker will remain a non-executive board chairman.
Shumaker, 65, joined Kewaunee in December 1993 as vice president of sales and marketing, following 24 years’ management experience in the laboratory furniture and appliance industries. Since becoming CEO in 2000, Shumaker oversaw the expansion of Kewaunee throughout Asia and the Middle East, bringing the company significant growth in sales and market share.
Rausch, 54, has more than 30 years of experience within the laboratory furniture industry and joined Kewaunee in 1994 as manager of estimating. In the time since, Rausch held various sales and marketing management positions.