Kewaunee millwork CEO resigns, CFO takes the reins
March 13, 2019 | 3:27 pm UTC
STATESVILLE, N.C. - Architectural millwork and lab furnishings firm Kewaunee Scientific has announced the resignation of CEO and president David M. Rausch, effective immediately. Thomas D. Hull III, who has served as chief financial officer of the company since 2015, has been named the new president and CEO. He's also been appointed as a member of the board of directors.
Rausch served as president of the company since 2012 and its CEO since 2013. Rausch first joined Kewaunee in 1994 as a manager and rose to its highest office through his steady and successful leadership, says Kewaunee.
"Dave has been an integral part of our management and executive leadership teams for two and a half decades, a period of tremendous change in the marketplace and growth for the Company," said David S. Rhind, Chairman of the Board of Directors. "We are extremely thankful to Dave for his years of steadfast dedication and many significant contributions to our success. Perhaps most importantly, Dave developed an exceptional management team, a legacy that will serve us well for many years," continued Rhind.
"Mr. Hull brings to the role of CEO his keen business acumen and astute market insight. These skills coupled with his deep financial expertise and knowledge of our company will make Tom an excellent chief executive," said Rhind. "We see in Tom's tireless diligence, strong leadership, and creative thinking a dynamic leader for our future. Since joining Kewaunee in 2015, Tom has played a critical role in developing and executing our strategic priority of operational excellence to support growth, and coalescing the management team around the strategy."
Hull will continue to serve as chief financial executive of the company until his successor is identified.
Founded in 1906, Kewaunee Scientific designs, manufactures, and installs laboratory, healthcare, and technical furniture products. Products include steel, wood, and laminate casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin worksurfaces and sinks.
Headquartered in Statesville, North Carolina, three manufacturing facilities are located in Statesville serving the domestic and international markets, and one manufacturing facility is located in Bangalore, India serving the local and Asian markets. A China headquarters and sales office are located in Shanghai.
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