Rick Schmidt Steps Down as President of CG Schmidt, Retains Role as CEO and Chairman

MILWAUKEE, WI, October 6, 2021 ‐ CG Schmidt announced today that Richard L. Schmidt, Jr., President
& CEO, and fourth generation of family leadership for the 101‐year‐old construction management firm
headquartered in Milwaukee, WI, will step down as President but retain the roles of Chief Executive
Officer (CEO) and Chairman, while his brother Eric Schmidt, who currently serves as Senior Vice
President for the company, will assume the role of President. The transition will take effect January 1,
2022.