Cavco Industries, Inc. Announces Charley Lott to Retire as President of Fleetwood Homes, Inc.; Brian Cira Named President, Ma...
03 Mai 2021 - 8:45PM
Cavco Industries (NASDAQ: CVCO) ("Cavco" or the "Company")
announces that after a career of more than 50 years as a respected
leader in the manufactured home industry, Charley Lott has decided
to retire from Cavco's subsidiary Fleetwood Homes, Inc. and as head
of the Company's manufactured housing organization effective July
9, 2021.
Charley Lott began his career with Fleetwood
Enterprises at their plant in Douglas, Georgia, in 1970. Ten years
later, Charley joined Flintstone Industries, a small, private
manufacturer, where, as President, he led the company to increase
revenues tenfold and was instrumental in taking the company public.
In 1987, Charley returned to Fleetwood and ultimately was named
head of the company's 40-plus plant manufacturing operation. In
2008, Charley joined Cavco as part of the Fleetwood acquisition and
has played a critical role in the Company's growth and success over
the last thirteen years.
Upon Charley's retirement, Brian Cira will assume
the role of President, Manufactured Housing. He started his 38-year
industry career with Redman Homes in 1983. After a brief time with
Skyline Homes, Brian joined Fairmont Homes in sales and worked his
way up to become president. Brian joined Cavco in 2015 with the
purchase of Fairmont Homes. In his new role, Brian will assume
leadership of Cavco's manufacturing plants and the associated
functions of sales, purchasing, engineering, and product
development.
Bill Boor, President and CEO, commented, "We want
to congratulate Charley on a remarkable 50-year career. Recently,
he was inducted into the MH/RV Hall of Fame, which is well-deserved
recognition of his significant contributions, not only to Fleetwood
and Cavco, but also to our industry as a whole. Throughout his
career, he has helped countless people in our industry grow and
achieve their personal goals. Charley's impact on the Company's
consistent success cannot be overstated and will continue to be
felt for many years to come."
Mr. Boor continued, "Brian leads with enthusiasm, a
positive attitude and a focus on results and continuous
improvement. I look forward to our work together during an exciting
time for our company."
About Cavco Industries, Inc. Cavco
Industries, Inc., headquartered in Phoenix, Arizona, designs and
produces factory-built housing products primarily distributed
through a network of independent and Company-owned retailers. We
are one of the largest producers of manufactured homes in the
United States, based on reported wholesale shipments and marketed
under a variety of brand names including Cavco, Fleetwood, Palm
Harbor, Fairmont, Friendship, Chariot Eagle and Destiny. We are
also a leading producer of park model RVs, vacation cabins and
systems-built commercial structures, as well as modular homes.
Cavco's finance subsidiary, Country Place Mortgage, is an approved
Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae
mortgage-backed securities issuer that offers conforming mortgages,
non-conforming mortgages and home-only loans to purchasers of
factory-built homes. Our insurance subsidiary, Standard Casualty,
provides property and casualty insurance to owners of manufactured
homes. Additional information about Cavco can be found at
https://www.cavco.com.
For additional information,
contact:Mark FuslerDirector of Financial
Reporting and Investor
Relationsinvestor_relations@cavco.comPhone:
602-256-6263On the Internet: www.cavco.com
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