MFRI, Inc. MFRI
announced today that as part of planned succession changes, Chairman
and Chief Executive Officer David Unger has retired as CEO and will
continue as Chairman of the Board. At the same time, current
President Bradley Mautner will assume the responsibilities of Chief
Executive Officer.
Additionally, the Board has appointed Karl J. Schmidt as Vice
President -- Chief Financial Officer and Chief Accounting Officer of
the Company. Mr. Schmidt's recent Chief Financial Officer positions
include Atkore International, a $1.7 billion global manufacturer of
steel pipe and tube products, electrical conduits, cable and cable
management systems, and Sauer-Danfoss, a $2.2 billion global
manufacturer of hydraulic, electrical and electronic components and
solutions for off-road vehicles. Prior to these assignments he held positions of increasing responsibility during his 24 years with
Frankfurt, Germany, based Degussa-Huels Group. He earned an MBA
equivalent from University of Muenster (Germany) and is a graduate of
the Advanced Management Program at Harvard University.
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