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 .
Fri Nov 17, 2017
ELKHART, Ind.—LCI Industries has announced the appointment of Ronald Fenech to the company's Board of Directors, as an additional independent director. Fenech will also serve on the Board's Corporate Governance and Nominating Committee.
Fenech, 60, co-founded Grand Design Recreational Vehicle Co. in 2012, a fast-growing manufacturer of towable RVs that was acquired in 2016 by Winnebago Industries. Prior to forming Grand Design, he held several executive positions at Thor Industries, the sole owner of operating subsidiaries that, combined, represent the world's largest manufacturer of recreational vehicles, including as Senior Group President of Thor Industries from January 2010 to 2012, and as President of Keystone RV Company following its acquisition by Thor Industries in November 2001 until January 2010. Fenech has more than 30 years of experience in the RV industry covering a broad range of positions with several companies.
"We are excited about Ron's addition to our Board," LCI Industries Chairman of the Boar of Directors Jim Gero says. “His deep understanding of the RV industry, leadership skills and strong operating and strategic experience will be of significant benefit to LCI Industries and our stockholders."
Fenech earned a Bachelor Degree in Business in 1979 from the University of Michigan. He also serves on the Board of Directors of Beacon Health System, a regional provider of healthcare services serving the Elkhart and South Bend communities of northern Indiana.
Fenech joins directors James Gero, Jason Lippert, Fred Hegi, David Reed, Jack Lowe, Brendan Deely, Frank Crespo, Kieran O'Sullivan, Tracy Graham and Ginnie Henkels on the company's Board, each for a one-year term ending at the next annual election of directors.