ELKHART,
Ind., Jan. 23, 2024 /PRNewswire/ -- THOR
Industries, Inc. (NYSE: THO) announced today the appointment of
Michele McDermott as Chief Human
Resources Officer (CHRO).
In this role, Ms. McDermott will be responsible for the
Company's human resources strategy and operations; talent
management; inclusion; safety; and compensation and benefits. She
will join the executive leadership team reporting to THOR President
and Chief Executive Officer Bob
Martin.
Ms. McDermott brings more than 25 years of experience in human
resources leadership with large-scale, global enterprises and
publicly traded companies. Most recently, she served as Executive
Vice President and CHRO of Hub Group. Her previous leadership
roles include positions of increasing responsibility at Assurance,
National Express Group and United Service Companies.
"We are pleased to welcome Michele to THOR. She will be
instrumental in further driving our high-performing culture and
elevating our organizational effectiveness," said Bob Martin, THOR President and CEO. "Michele
brings a proven track record of success in working with large-scale
businesses to build, retain and engage a diverse workforce."
Ms. McDermott received her bachelor's degree in business
administration from Lewis University
and Master of Business Administration in Finance and Operations
from DePaul University's Kellstadt
Graduate School of Business.
About THOR Industries, Inc.
THOR Industries is the sole owner of operating companies which,
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.
Forward-Looking Statements
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 materially from our expectations. Factors which could cause
materially different results include, among others: the impact of
inflation on the cost of our products as well as on general
consumer demand; the effect of raw material and commodity price
fluctuations, and/or raw material, commodity or chassis supply
constraints; the impact of war, military conflict, terrorism and/or
cyber-attacks, including state-sponsored or ransom attacks; the
impact of sudden or significant adverse changes in the cost and/or
availability of energy or fuel, including those caused by
geopolitical events, on our costs of operation, on raw material
prices, on our suppliers, on our independent dealers or on retail
customers; the dependence on a small group of suppliers for certain
components used in production, including chassis; interest rate
fluctuations and their potential impact on the general economy and,
specifically, on our profitability and on our independent dealers
and consumers; the ability to ramp production up or down quickly in
response to rapid changes in demand while also managing costs and
market share; the level and magnitude of warranty and recall claims
incurred; the ability of our suppliers to financially support any
defects in their products; legislative, regulatory and tax law
and/or policy developments including their potential impact on our
independent dealers, retail customers or on our suppliers; the
costs of compliance with governmental regulation; the impact of an
adverse outcome or conclusion related to current or future
litigation or regulatory investigations; public perception of and
the costs related to environmental, social and governance matters;
legal and compliance issues including those that may arise in
conjunction with recently completed transactions; lower consumer
confidence and the level of discretionary consumer spending; the
impact of exchange rate fluctuations; restrictive lending practices
which could negatively impact our independent dealers and/or retail
consumers; management changes; the success of new and existing
products and services; the ability to maintain strong brands and
develop innovative products that meet consumer demands; the ability
to efficiently utilize existing production facilities; changes in
consumer preferences; the risks associated with acquisitions,
including: the pace and successful closing of an acquisition, the
integration and financial impact thereof, the level of achievement
of anticipated operating synergies from acquisitions, the potential
for unknown or understated liabilities related to acquisitions, the
potential loss of existing customers of acquisitions and our
ability to retain key management personnel of acquired companies; a
shortage of necessary personnel for production and increasing labor
costs and related employee benefits to attract and retain
production personnel in times of high demand; the loss or reduction
of sales to key independent dealers, and stocking level decisions
of our independent dealers; disruption of the delivery of units to
independent dealers or the disruption of delivery of raw materials,
including chassis, to our facilities; increasing costs for freight
and transportation; the ability to protect our information
technology systems from data breaches, cyber-attacks and/or network
disruptions; asset impairment charges; competition; the impact of
losses under repurchase agreements; the impact of the strength of
the U.S. dollar on international demand for products priced in U.S.
dollars; general economic, market, public health and political
conditions in the various countries in which our products are
produced and/or sold; the impact of changing emissions and other
related climate change regulations in the various jurisdictions in
which our products are produced, used and/or sold; changes to our
investment and capital allocation strategies or other facets of our
strategic plan; and changes in market liquidity conditions, credit
ratings and other factors that may impact our access to future
funding and the cost of debt.
These and other risks and uncertainties are discussed more fully
in our Quarterly Report on Form 10-Q for the quarter ended
October 31, 2023 and in Item 1A of
our Annual Report on Form 10-K for the year ended July 31, 2023.
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 hereof or any change in events, conditions or
circumstances on which any statement is based, except as required
by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/thor-industries-announces-appointment-of-chief-human-resources-officer-302041315.html
SOURCE THOR Industries