Thor Subsidiary, Crossroads RV, Names Andy Cripe President
ELKHART, Ind., Aug. 28, 2013 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) today announced that Crossroads RV, a wholly-owned subsidiary, named Andy Cripe as President effective August 26, 2013.
"We are pleased to have Andy take a strong leadership role at Crossroads RV," said Bob Martin, Thor President and Chief Executive Officer. "Andy has a strong track record of performance at Keystone RV that should enable him to make an immediate impact on the operations of Crossroads. The ability to fill such an important position internally illustrates the strength and depth of Thor's management bench."
Mr. Cripe has been with Keystone RV for 10 years in a variety of roles including district manager and product manager of the Raptor® brand as well as being the general manager responsible for brands including Hideout/Retreat®, Passport® and Cougar®. Prior to his experience in the RV industry, Mr. Cripe spent time in the Financial Management Program at General Electric, followed by a position with the accounting and consulting firm Ernst & Young. Mr. Cripe is a graduate of Indiana University with a bachelor's degree in accounting, finance and marketing.
In addition to the appointment of Andy Cripe as President, Crossroads RV named Matt Thompson to the newly created position of Vice President of Sales for Crossroads. The entire sales function at the subsidiary will report to Matt in his new role.
Mr. Thompson is a 20-year veteran of the RV industry and has been with the Thor family of companies for more than a decade. He was previously a general manager at Crossroads RV, following several vice president positions at Thor Motor Coach, including two years as vice president of sales for the diesel business at Thor Motor Coach.
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 commercial buses.
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, 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.
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