RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Navistar Appoints Three New Directors

Wed Oct 19, 2016

146548760912133.jpgLISLE, Illinois - The board of director of Navistar International Corporation has appointed José Maria Alapont, Stephen R. D'Arcy and Dennis A. Suskind as new directors, effective immediately.

"We are delighted that José, Stephen and Dennis have agreed to join our board as each brings a wealth of relevant experience and special expertise to the board," Navistar Non-Executive Chairman of the Board Jim Keyes says. "Their knowledge and expertise will be invaluable to Navistar and its management team."

Alapont has been appointed as a member of the Board's Finance Committee; D'Arcy was appointed as a member of the Board's Audit Committee; and Suskind was appointed as a member of the Board's Compensation Committee.

Alapont, 66, retired in 2012 as President and Chief Executive Officer of Federal-Mogul Corporation, an automotive and industrial equipment supplier. Alapont served as Chairman of the Board of Directors of the company from 2005 to 2007 and continued to serve as a Director on the Board until 2013. He also is the former Chief Executive Officer and Director of Fiat Iveco, S.p.A. Prior to joining Fiat Iveco, Alapont held executive, Vice President and President, positions for more than 30 years at other leading global vehicle manufacturers and suppliers at Delphi Corporation, Valeo S.A., and Ford Motor Company. During 2011-12 Alapont was a member of the Board of Directors of Mentor Graphics Corporation. He was a member of the Davos World Economic Forum and currently serves as a Director of Hinduja Automotive Limited and Manitowoc Corporation.

D'Arcy, 61, has served as a Partner of Quantum Group LLC, an investment and consulting firm since 2010. Previously, he worked for PricewaterhouseCoopers LLP, a multinational professional services firm, for 34 years, serving most recently as Global Automotive Leader from 2002 to 2010. He served on the Board of Vanguard Health Systems Inc., a company previously listed on the New York Stock Exchange from 2011 to 2013, and currently serves as a Director of Penske Corporation Premier, Inc. and the Hudson-Webber Foundation. He also served as Non-Executive Chairman of the Board of Trustees of The Detroit Medical Center from 2006 to 2010.

Suskind, 73, joined J. Aron & Company in 1961 where he served as Executive Vice President and was responsible for the worldwide precious metal trading operations. In 1980, Suskind became a general partner of Goldman Sachs upon its acquisition of J. Aron & Company until his retirement in 1991. During his tenure in trading metals, Suskind served as Vice Chairman of NYMEX, Vice Chairman of COMEX, a member of the board of the Futures Industry Association, a member of the Board of International Precious Metals Institute, and a member of the boards of the Gold and Silver Institutes in Washington, D.C. Mr. Suskind previously served on the Board of NYMEX Holdings and currently serves as a Director of the CME Group, Inc. and Bancorp, Inc.

These appointments increase the number of Navistar board members to 12.