Malco Tools, one of the nation’s leading solution developers and manufacturers of a variety of high-quality tools for the HVAC and building construction trades, announced that CEO Rich Benninghoff was elected as a member of Malco’s board of directors. Benninghoff joined the board earlier this spring and will further support the organization’s strategic growth goals and help drive and shape the future of the organization.
“As Malco’s CEO, Rich is shaping and guiding the company’s future to ensure that Malco will continue to be an industry leader for years to come,” said Board Chair Phil Sponsler. “As a voting member of the board, Rich’s expertise with strategic partnerships and insights will be essential in growing the company.”
Benninghoff’s appointment to the Board of Directors is the most recent milestone in Malco’s board transition as the company rolls out the next phase of its strategic growth plan. Malco has enjoyed a steady increase in annual growth since the start of this decade and has added several new strategic leaders throughout the company and at the board level to support and accelerate this growth as the company continues to grow through partnerships and acquisitions to serve current and new markets.
For more information about Malco Tools, visit www.malcotools.com.