Schmid will take up office on November 15 for a four-year term, replacing current president Ladislav Hamran.
Amazon is now recalling and refunding all purchases of YuMove branded products sold by third-party sellers.
The lawsuit is targeting sellers of alleged counterfeits of the firm's Morpheus8 range of skin-tightening devices.
Company has also taken issue with calls to include its marketplace in the forthcoming 2024 Notorious Markets list.
The counterfeiting operation in the Philippines is thought to have been operating for almost two decades.
Commission is concerned Temu does not have strong enough systems to prevent the sale of non-compliant goods.