Malco Tools, Inc. one of the nation’s leading manufacturers of high-quality, American-made tools for professional use, announced that current President Rich Benninghoff has been appointed to the role of Chief Executive Officer (CEO).
As Malco’s President and CEO, Rich has both the authority and support of the Board to manage all aspects of the business going forward. In his expanded position, Rich will continue to leverage his 22 years of business leadership experience with engineered products and solutions to lead the company.
“Malco is at a pivot point in its history, poised for the leap into the next realm of growth, which is exciting for me. I’m honored to lead our transformational journey and continue to build on the company’s success,” said Rich.
“Our Board is pleased with the new direction of the company. We are confident about the future of Malco and look forward to many more years of growth and success,” added Board Chairman Don Schmidt.
Former President and CEO Mardon Quandt will stay as a special advisor through the end of the year to assist with the transition.