Thor Industries announces senior management changes

01/07/2010

JACKSON CENTER, Ohio -- Thor Industries, Inc., today announced changes in its management structure to propel further growth and performance within its existing business segments, and to develop new growth opportunities in related business segments.

Ron Fenech, currently president of Keystone RV, has been appointed senior group president, with all Thor RV divisions reporting to him.

"Over the past eight years as president, Ron Fenech has been an important driver of Thor's largest and most profitable company, Keystone. Thor's other RV companies will now also share in the benefits of his leadership," said Peter B. Orthwein, Thor chairman, CEO and president. "Under Ron's direction, Thor's RV divisions will remain separate and distinct companies in the marketplace, serving their distinct dealer networks."

Fenech will report directly to Orthwein.

Richard "Dicky" Riegel, currently Thor's chief operating officer becomes senior group president, with responsibility for Thor's bus group, Thor investor relations, and for developing new business segments related to Thor's existing lines of business.

"One of Thor's biggest opportunities is to utilize its strong cash flow to enter a new, related business segment and Dicky Riegel is the ideal person to head up that effort," said Orthwein. "Dicky has been instrumental in driving substantial growth during his presidency of Airstream and in his role as Thor's COO. With his skills and talents, he will help shape the future of Thor by identifying new businesses for the company."

Andrew Imanse remains group president ofThor's commercial bus division and will continue to report to Riegel, who will report to Orthwein.

Bob Martin, currently executive vice presidentof Keystone RV, has been appointed president of Keystone RV.

"Bob has been an integral part of the Keystone team since our early days, and we have been preparing for this move with Bob for the past three years," said Fenech. "Bob understands what makes Keystone great, and I am excited about Keystone's future under his leadership."

SOURCE:Thor Industries press release