Thor Announces Management Change at Crossroads RV
ELKHART, Ind., Aug. 9, 2013
ELKHART, Ind., Aug. 9, 2013 /PRNewswire/ --Thor Industries, Inc. (NYSE: THO)
today announced that Don Emahiser has resigned as President of Crossroads RV
to pursue other interests, effective August 9, 2013. Crossroads RV is a Thor
subsidiary that produces travel trailers and fifth wheel RVs in Topeka,
"We appreciate Don's service to our Company and wish him well on his future
endeavors. Fortunately, we have a strong bench of management talent at Thor
and Crossroads that should help ensure this management transition is smooth,"
said Bob Martin, Thor President & CEO. "We will begin the process of hiring a
new president for Crossroads immediately and we hope to have the search
completed within our fiscal first quarter. In the interim, I will be working
closely with the management team at Crossroads to ensure that our operations
continue running effectively and we continue to provide our dealers with the
service and products they expect."
About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent the
world's largest manufacturer of recreation vehicles and a major builder of
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 (the
"Exchange Act"). 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, the level of
state and federal funding available for transportation, interest rate
increases, restrictive lending practices, recent management changes, the
success of new product introductions, the pace of acquisitions, the impact of
the divestiture of the Company's bus businesses, asset impairment charges,
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 April 30, 2013.
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.
SOURCE Thor Industries, Inc.
Contact: Jeffery A. Tryka, CFA, Investor Relations, (574) 970-7912,
Press spacebar to pause and continue. Press esc to stop.