The Dubois County chapter of the Southwest Indiana Junior Achievement announced Mark Schroeder and Stanley Krempp as inductees into the Dubois County Business Hall of Fame.
This is the fourth year for the annual event in which an active laureate and a historical laureate are named.
Schroeder, chairman and CEO of German American Bank, is the active laureate. Krempp, the founder of United Cabinet Corporation, is the historic laureate. The two will be inducted into the hall of fame at a breakfast ceremony at 7:30 a.m. Thursday, April 26, 2018, at the Huntingburg Event Center.
Past laureates include Hank Menke, Gervase Schwenk, Arnold F. Habig, Robert Ruckriegel, Clement M. Lange and Alvin C. Ruxer.
Individuals were nominated for their outstanding civic and business contributions to Dubois County and are recognized for their business excellence, vision, innovations, inspiring leadership, courageous thinking and community service. A panel of business and community leaders chose the laureates from the nominees each year.
The Hall of Fame was created by the local Junior Achievement chapter to promote the county’s rich business history and honor the business leaders that contributed to that history. In addition to honoring these business leaders, the Dubois County Business Hall of Fame raises funds benefiting Junior Achievement programs in Dubois County. Since its inception, the annual event has raised about $100,000 to support the program in Dubois County.
Schroeder has worked at German American Bank for more than 40 years. He began his career there as a vault attendant and worked his way up to his current position. During that ascent, he served as the head of lending, chief financial officer and chief operating officer at the company.
During his time at the company, German American has grown tremendously in a large part due to his guidance and vision. The bank operates 51 banking offices in 19 contiguous Indiana counties and one northern Kentucky county. Under Schroeder’s leadership, the company had its best year ever during the economic crisis of 2008 that crippled the banking industry. Strong leadership, community focus and the company’s responsible business model are credited with its performance during the crisis. Since then, the company has experienced seven years of consecutive record performance.
Schroeder is a graduate of Vincennes University and the University of Evansville. He holds a bachelor of science in financial management and is a certified public accountant.
He has served on the Indiana Bankers Association, the Independent Community Bankers of America, the Board of Overseers of St. Meinrad School of Theology and the strategic steering committee at Memorial Hospital. He previously served as the chairman of the Community Bankers Association of Indiana and is currently the vice president of the Board of the Indiana Department of Financial Institutions. He also serves on the board of visitors of the University of Evansville and on the Evansville Regional Business Council. He is a member of the Indiana CPA Society and attends St. Mary’s Catholic Church in Ireland.
Schroeder has received numerous awards and recognition including the State of Indiana CPA High Grade Award in 1994, the Jasper Jaycees Distinguished Service Award in 1995, the Jasper High School Distinguished Alumni award in 2000, a Sagamore of the Wabash in 2003 and the Boy Scouts of America Distinguished Citizen Award in 2009. He was also named a National Community Banker of the Year in 2016 by the American Banker Magazine in recognition of German American’s achievements.
Stanley Krempp founded the United Cabinet Corporation which became Aristokraft and later MasterBrand Cabinets, Inc. MasterBrand is one of the largest employers in Dubois County and the largest kitchen cabinet manufacturer in North America.
Krempp started United Cabine Corporation in 1954 in a 50-by-100 foot building in Celestine. In 1963, the company moved to Jasper and in 1971, the Jasper plant became the first in the nation to open an industrial ultraviolet curing line. Growth was so strong that the company opened two more plants and caught the attention of Beatrice Foods. Beatrice Foods bought the company in 1974.
Two years later, the company established the Decora semi-custom division to serve a more upscale homeowner. The stock cabinet division operated under the Aristokraft name and Aristrokraft Inc. replaced the United Cabinet Corporation name in 1983.
American Brands acquired Aristokraft, Inc. and folded Aristokraft and Decora into a new subsidiary called MasterBrand Cabinets, Inc. MasterBrand is now a $2.6 billion company supporting more than 13,000 employees across North America.
Krempp was as pioneer in the kitchen cabinet industry, a great leader and had a spirit of entrepreneurship. When the company installed a data processing system, he learned computer programming. When the company bought its first plane in the 60s, he took flying lessons. His foresight for the kitchen and bath industry set the standards that are still shaping the industry today.
Krempp was instrumental in the development of the ultraviolet curing process for cabinet finishes as well as other modern patented finishing processes.
He served three terms (1962, 1971 and 1972) as president of the National Kitchen Cabinet Association. Under his leadership, the association received certification for national standards for the production and testing of kitchen cabinets.
Krempp’s passion outside of work was centered on the arts. In the 1970s, he helped create the nonprofit group that collected money to build the Jasper Arts Center. The facility and the Jasper Community Arts Commission became part of the city and is supported by tax funds, the first of its kind in Indiana.
Krempp created Friends of the Arts, a nonprofit that allows residents to donate specifically for the arts.
He was a champion of Catholic education and a founder of the Dubois County Catholic Schools Foundation which provides tuition for Catholic school students as well as a priest delegate for Holy Trinity Catholic School. Krempp also hugely supported Precious Blood Catholic Church in their fundraising endowment efforts by offering a two-for-one match which made the endowment self-serving.
Mr. Krempp served on numerous foundations and organizations including United Cabinet Foundation, Jasper Bicentennial Committee in 1967, a member of the Board of Directors of Jasper Memorial Hospital, and Catholic Foundation of Southwestern Indiana.
Mr. Krempp donated and supported many civic organizations including, VFW, and Junior Achievement. He played trumpet and saxophone, was the leader of the dance orchestra known as “Rhythmlads”, and enjoyed ballroom dancing.
Krempp passed away in 2016.