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Kewaunee Scientific Announces CEO Retirement and Appointment of Successor
Date:4/29/2013

STATESVILLE, N.C., April 29, 2013 /PRNewswire/ -- Kewaunee Scientific Corporation (Nasdaq: KEQU) today announced that William A. Shumaker , Kewaunee's Chairman of the Board and Chief Executive Officer, will retire on June 30, 2013 after almost 20 years of service with the Company. Mr. Shumaker will remain as a non-executive Chairman of the Board. As part of a planned leadership succession process, the Board of Directors appointed David M. Rausch , current President and Chief Operating Officer, to succeed Mr. Shumaker and to become a member of its Board of Directors, both effective July 1, 2013.

Mr. Shumaker, 65, joined the Company in December 1993 as Vice President of Sales and Marketing, after holding various management positions with businesses in the laboratory furniture and appliance industries for 24 years. After serving in several executive positions with the Company, he was elected President in 1999 and held that position until March 2012 when he relinquished this title. He has served as Chief Executive Officer and a director of Kewaunee Scientific Corporation since 2000 and Chairman of the Board since 2010.

The Company's directors conveyed their sincere gratitude to Mr. Shumaker for his many years of dedication and service to the Company, strong leadership skills, and strategic vision. Under his leadership, the Company established itself as a global provider of laboratory furniture and equipment, as it expanded sales representation throughout Asia and the Middle East, and established a modern manufacturing facility in India to serve the local and Asian markets. The Company has experienced significant growth in sales and market share in recent years in both the domestic and international ma
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SOURCE Kewaunee Scientific Corporation
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