Schumacher Electric names new CEO

The move was effective July 14, 2026.

Rainone has more than three decades of executive leadership experience across consumer products, manufacturing, retail and e-commerce. According to the announcement, He has led organizations through periods of transformation and growth, building high-performing teams, strengthening market-leading brands and delivering strong financial and operational results across both Fortune 500 and private equity-backed enterprises.

“I am honoured to join Schumacher Electric at such a pivotal moment in its history,” Rainone said. “The company has an outstanding foundation, a talented team, and a portfolio of trusted brands. I look forward to partnering with the Board, the leadership team, and our employees to accelerate growth, deepen customer relationships, and unlock the significant opportunities ahead.”

Rainone was most recently the CEO of Ubique Group, an e-commerce furniture company where he was responsible for guiding the company through tariffs, pandemic-related disruptions, and supply chain volatility while delivering sustained double-digit growth and scaling the business. Earlier in his career, he held senior leadership roles at Melissa & Doug, Bayer, and Hasbro, driving business growth, operational excellence, and market expansion for some of the world’s most recognized consumer brands.

“We are excited to welcome Joseph to Schumacher Electric,” said board member Lori H. Gonzalez. “His leadership experience, strategic vision, and proven ability to drive growth make him the ideal leader to guide the company into its next phase of success.”