Molde retired as the athletic director at Gustavus Adolphus College in St. Peter, Minnesota on June 1, 2012, having held the position since 1997.
Under his guidance, the Golden Gusties finished in the top 20 in the NCAA Division III NACDA Director's Cup standings several times.
Molde earned Mid-American Conference Coach of the Year honors in guiding WMU to its first outright MAC championship and a California Bowl berth in 1988.
Among other highlights during his 10-year career at WMU, Molde boasts the highest home winning percentage (37–16, .698) in school history, is tied with William H. Spaulding for the most career wins (62), coached 22 of the 100 players on WMU's "All Century Team," has the eighth-most victories among all-time MAC football coaches, and his teams led the MAC in passing offense five times (1987, 1988, 1990, 1992, 1994), total offense three times (1988, 1990, 1992), scoring offense once (1988), and rushing defense and scoring defense once (1994).
Molde returned to coaching in the fall of 2012 and took over the reins of the Saarland Hurricanes (Saarbrücken, Germany) of the German Football League for the 2013 season.