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Flexsteel Industries, Inc. Appoints Derek P. Schmidt As President and Chief Executive Officer

PUBLIC · FLXSApr 29, 2024•about 2 years ago

Position

Chief Executive Officer

Company

FlexSteel

Derek P. Schmidt
DubuqueManufacturing

Description

Flexsteel Industries, Inc announces the appointment of Derek P Schmidt to the position of President and Chief Executive Officer, effective July 1, 2024. Mr Schmidt will succeed Jerald K Dittmer, who has announced his resignation from the position of Chief Executive Officer effective June 30, 2024, and retirement from Flexsteel on December 31, 2024.

Company Information

Company

FlexSteel

Location

Dubuque, Iowa, United States

About

FlexSteel designs, manufactures, sells and installs highly engineered spoolable pipe technologies. FlexSteel’s steel reinforced pipeline solutions are sold principally for onshore oil and gas wells and are utilized during the production phases of its customers’ wells. FlexSteel’s technology combines the durability of steel with the installation, performance and cost benefits of spoolable pipe products. FlexSteel operates service centers throughout the United States and Canada, while also providing equipment and services in select international markets.

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Based on hiring data
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87% of new executives make significant technology decisions within first 100 days
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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.