Thor Names Dominic Romeo Chief Financial Officer
JACKSON CENTER, Ohio, Jan. 16, 2013
JACKSON CENTER, Ohio, Jan. 16, 2013 /PRNewswire/ -- Thor Industries, Inc.
(NYSE:THO) today announced that it has named Dominic Romeo as Senior Vice
President and Chief Financial Officer effective February 4, 2013. Mr. Romeo
has extensive experience in a variety of senior financial functions, having
served most recently as Vice President and Chief Financial Officer of publicly
traded IDEX Corporation, a $2 billion diversified international manufacturer.
During his seven-year tenure IDEX more than doubled both revenues and
Mr. Romeo began his career as an audit manager and CPA with
PricewaterhouseCoopers (PwC) in South Bend, Indiana. He went on to hold key
positions with General Electric and AlliedSignal, Inc., and later Honeywell
where he served in a number of roles over his nine year tenure, including Vice
President and Chief Financial Officer of Honeywell Aerospace, a $10 billion
business. Mr. Romeo's board affiliations include Federal Signal Corporation
and GSI Group.
The Company also announced the promotion of Colleen Zuhl to Vice President and
Corporate Controller effective February4, 2013. Mrs. Zuhl has served as
interim Chief Financial Officer since October 15, 2012, having previously
served as Director of Finance. In Mrs. Zuhl's new role as Corporate
Controller, all of Thor's corporate finance and accounting functions will
report to her.
"We are excited to welcome Dominic Romeo to the Thor family," commented Peter
B. Orthwein, Thor Chairman and Chief Executive Officer. "Dom has a proven
track record of success in several high-profile positions with companies in
both the private and public sectors, and he brings the talent, skills and
experience that will enable him to assume a leadership role at Thor, both in
corporate finance and business strategy. He also has a long history of working
effectively with senior operating executives, which will complement the Thor
structure very well. I am certain that Dom will be successful in his new role
as we welcome him back to northern Indiana."
Commenting on his new appointment, Mr. Romeo noted his excitement to be moving
back to the area, given his boyhood roots in northern Indiana where he still
maintains a residence. Mr. Romeo will report directly to Peter B. Orthwein,
Thor's Chairman and Chief Executive Officer.
Commenting on Mrs. Zuhl's promotion, Mr. Orthwein added, "We are very
fortunate to have Colleen on our finance team as she has played an integral
role in this transition as interim CFO. We appreciate her service, and I am
confident she will have continued success in her new role as Corporate
Thor is the sole owner of operating subsidiaries that, combined, represent the
world's largest manufacturer of recreational vehicles and is a major builder
of commercial buses and ambulances.
This release includes certain statements that are "forward looking" statements
within the meaning of 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 involve uncertainties and risks. There can be no
assurance that actual results will not differ from our expectations. Factors
which could cause materially different results include, among others, price
fluctuations, material or chassis supply restrictions, legislative and
regulatory developments, the costs of compliance with increased governmental
regulation, legal issues, 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 increases, restrictive lending
practices, recent management changes, the success of new product
introductions, the pace of acquisitions, cost structure improvements,
competition and general economic conditions and the other risks and
uncertainties discussed more fully in Item 1A of our Annual Report on Form
10-K for the year ended July 31, 2012 and Part II, Item 1A of our Quarterly
Report on Form 10-Q for the period ended October 31, 2012. 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
SOURCE Thor Industries, Inc.
Contact: Peter B. Orthwein or Jeffery A. Tryka, CFA, +1-574-970-7912
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