ELKHART, Indiana, July 07 28, 2022 (GLOBE NEWSWIRE) — THOR Industries, Inc. (NYSE: THO) today announced that Mark Trinske, vice president of investor relations, will retire at the end of the company’s fiscal year in July 31, 2022.
“We are extremely grateful to Mark for his guidance and insights while leading investor relations efforts at THOR,” said Todd Woelfer, Senior Vice President and Chief Operating Officer of THOR. “Mark has provided exceptional strategic advice on investor communications to our company during a period of robust growth and we wish him the best in his retirement.”
“It has been a great experience to work in such an interesting and unique field for nearly 35 years, and I feel very fortunate to end my career working at THOR, the world’s largest and most successful RV manufacturer,” Mr. Trinske said. “The company has an excellent management team with a clear vision for the future, and I look forward to seeing the company’s continued growth and success.”
“I would like to thank Mark for his work in developing a well-rounded and respected investor relations function at THOR,” said Bob Martin, President and CEO of THOR Industries. “We appreciate Mark’s contributions and hope he enjoys a well-deserved retirement.
As part of the planned transition, Michael Cieslak, CFA, THOR’s head of investor relations, will be responsible for THOR’s investor relations efforts going forward. Mike joined the company in February 2020 with a background in Investor Relations and Financial Planning and Analysis. He graduated from Purdue University with a bachelor’s degree in accounting and finance, received his MBA from Northwestern University, and is a Chartered Financial Analyst.
About THOR Industries, Inc.
THOR Industries is the sole owner of operating subsidiaries which, combined, represent the world’s largest manufacturer of recreational vehicles.
For more information about the Company and its products, visit www.thorindustries.com.
Forward-looking statements
This release contains certain statements that are “forward-looking” statements within the meaning of the United States 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 on THOR, and inherently involve uncertainty and risk. These forward-looking statements are not guarantees of future performance. We cannot assure you that actual results will not differ materially from our expectations. Factors that could cause results to differ materially include, among others: the impact of inflation on the cost of our products as well as general consumer demand; the effect of fluctuations in raw material and commodity prices and/or raw material, commodity or chassis supply constraints; the impact of war, military conflict, terrorism and/or cyberattacks, including state-sponsored 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 operating costs, commodity prices, our independent resellers or on retail customers; 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 operating costs, commodity prices, our independent resellers or on retail customers; reliance 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, more specifically, on our profitability and our independent merchants and consumers; the extent and impact of the continuing COVID-19 pandemic, as well as responses to contain the spread of the virus, or its variants, by various government entities or other actors, which may have adverse effects on demand from retail customers, our independent dealerships, our supply chain, our workforce, our production or other aspects of our business; the ability to quickly ramp up or down production in response to rapid changes in demand while managing costs and market share; the level and extent of warranty and recall claims incurred; the ability of our suppliers to financially bear any defects in their products; legislative, regulatory and tax and/or policy developments, including their potential impact on our independent resellers, retail customers or suppliers; costs of compliance with government regulations; the impact of an adverse outcome or conclusion related to current or future litigation or regulatory investigations; the impact of an adverse outcome or conclusion related to current or future litigation or regulatory investigations; public perception and costs related to environmental, social and governance issues; legal and compliance issues, including those that may arise in connection with recently concluded transactions; decline in consumer confidence and the level of discretionary consumer spending; the impact of exchange rate fluctuations; restrictive lending practices that 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 effectively utilize existing production facilities; changes in consumer preferences; risks associated with acquisitions, including: the pace and success of closing an acquisition, the integration and financial impact thereof, the level of realization of anticipated operational synergies from acquisitions, potential liabilities unknown or underestimated factors related to acquisitions, the potential loss of existing customers from acquisitions and our ability to retain key management personnel of acquired companies; a shortage of production personnel and increased labor costs to attract production personnel in times of high demand; loss or reduction of sales to major independent resellers; disruption of delivery of units to independent resellers; increased freight and transportation costs; asset impairment charges; competition; the impact of potential losses under repurchase agreements; the potential impact of the strength of the US dollar on international demand for products priced in US dollars; general economic, market and political conditions in the various countries in which our products are manufactured and/or sold; the impact of changing emissions and other regulations related to climate change in the various jurisdictions in which our products are manufactured, 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 affect our access to future funding and cost of debt.
These and other risks and uncertainties are discussed in more detail in our Quarterly Report on Form 10-Q for the three months ended April 30, 2022 and in Item 1A of our Annual Report on Form 10-K for the fiscal year ended July 31, 2021.
We disclaim any obligation or undertaking to release any update or revision to any forward-looking statement contained in this release or to reflect any change in our expectations after the date hereof or any change in events, conditions or circumstances about which any statement is based, unless required by law.
Contact:
Michael Cieslak, CFA
Investor Relations Manager
mcieslak@thorindustries.com
(574) 294-7724
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