MFRI Inc. announced 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 and Sauer-Danfoss. Prior to these assignments Schmidt held positions of increasing responsibility during his 24 years with Frankfurt, Germany, based Degussa-Huels Group.