ELKHART, Ind., Dec. 11, 2017 /PRNewswire/ -- Thor Industries,
Inc. (NYSE:THO) today announced the appointment of Christopher J. Klein, currently Chief Executive
Officer of Fortune Brands Home & Security, Inc., to serve on
its Board of Directors. Additionally, the Company announced that
Alan Siegel retired as a member of
its Board after nearly 35 years of service. Both the appointment
and retirement are effective December 12,
2017 and maintains the total size of Thor's Board at eight members.
"We are excited to have Chris join our Board of Directors and we
look forward to the valuable experience and perspective he will
share with our management team," said Peter
B. Orthwein, Thor Executive Chairman. "Chris has served as
CEO of Fortune Brands Home & Security, Inc. since 2010, and has
demonstrated outstanding leadership, as his company has built a
record of market outperformance and strong growth. Prior to that,
Chris led numerous strategic and corporate development initiatives
at Fortune Brands, Inc. His background will further enhance the
already strong composition of our Board."
Prior to joining Fortune Brands, Inc., Chris held key strategy
and operating positions at Bank One Corporation. Before that, he
spent eight years at the consulting firm McKinsey & Company,
where he was a partner in the firm's Chicago office. Chris spent his early career
in commercial banking, at both ABN
AMRO and First Chicago. Chris graduated from the
University of Iowa's business school
(BBA) and earned his MBA at Northwestern
University's Kellogg School of Management.
Mr. Siegel has been a director of Thor since 1983. During that time, he
served as Chairman of the Corporate Governance and Nominating
Committee. In addition, he was the Company's general counsel for
many years.
"Alan has played an invaluable role on our Board over the last
thirty-five years," said Orthwein. "His judgment, legal acumen
and deep interest in the culture of our company have benefited our
organization and our shareholders. While we are sorry he will
no longer serve on our board, we are thankful to Alan for his
outstanding service to Thor."
About Thor Industries, Inc.
Thor is the sole owner of operating
subsidiaries that, combined, represent the world's largest
manufacturer of recreational vehicles. For more information on
the Company and its products, please go to
www.thorindustries.com.
This release includes certain statements that are "forward
looking" statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward looking
statements are made based on management's current expectations and
beliefs regarding future and anticipated developments and their
effects upon Thor, and inherently
involve uncertainties and risks. These forward looking statements
are not a guarantee of future performance. We cannot assure you
that actual results will not differ from our expectations. Factors
which could cause materially different results include, among
others, raw material and commodity price fluctuations, raw material
or chassis supply restrictions, the level of warranty claims
incurred, legislative, regulatory and tax policy developments, the
costs of compliance with increased governmental regulation, legal
and compliance issues including those that may arise in conjunction
with recent transactions, the potential impact of increased tax
burdens on our dealers and retail consumers, lower consumer
confidence and the level of discretionary consumer spending,
interest rate fluctuations, the potential impact of rising interest
rates on the general economy and specifically on our dealers and
consumers, restrictive lending practices, management changes, the
success of new product introductions, the pace of obtaining and
producing at new production facilities, the pace of acquisitions,
the potential loss of existing customers of acquisitions, the
integration of new acquisitions, our ability to retain key
management personnel of acquired companies, a shortage of necessary
personnel for production, the loss or reduction of sales to key
dealers, the availability of delivery personnel, asset impairment
charges, cost structure changes, competition, the impact of
potential losses under repurchase agreements, the potential impact
of the strength of the U.S. dollar on international demand, general
economic, market and political conditions and other risks and
uncertainties including those discussed more fully in ITEM 1A of
our Annual Report on Form 10-K for the year ended July 31, 2017 and Part II, Item 1A of our
quarterly report on Form 10-Q for the period ended October 31, 2017.
We disclaim any obligation or undertaking to disseminate any
updates or revisions to any forward looking statements contained in
this release or to reflect any change in our expectations after the
date of this release or any change in events, conditions or
circumstances on which any statement is based, except as required
by law.
View original
content:http://www.prnewswire.com/news-releases/thor-appoints-christopher-klein-to-board-of-directors-alan-siegel-retires-after-nearly-35-years-of-service-300569645.html
SOURCE Thor Industries, Inc.