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 .
Tue Dec 12, 2017
ELKHART, Ind. — Thor Industries, Inc. (NYSE: THO) announced the appointment of Christopher J. Klein, currently chief executive officer of Fortune Brands Home and Security Inc., to serve on its board of directors. Additionally, the company announced that Alan Siegel retired as a member of its board after nearly 35 years of service. Both the appointment and retirement are effective Dec. 12, 2017 and maintains the total size of Thor's board at eight members.
"We are excited to have Chris join our board of directors and we look forward to the valuable experience and perspective he will share with our management team," said Peter B. Orthwein, Thor executive chairman. "Chris has served as CEO of Fortune Brands Home and Security Inc. since 2010, and has demonstrated outstanding leadership, as his company has built a record of market outperformance and strong growth. Prior to that, Chris led numerous strategic and corporate development initiatives at Fortune Brands. His background will further enhance the already strong composition of our Board."
Prior to joining Fortune Brands, Klein held key strategy and operating positions at Bank One Corporation. Before that, he spent eight years at the consulting firm McKinsey and Co., where he was a partner in the firm's Chicago office. Klein spent his early career in commercial banking, at both ABN AMRO and First Chicago. Chris graduated from the University of Iowa's business school (BBA) and earned his MBA at Northwestern University's Kellogg School of Management.
Siegel has been a director of Thor since 1983. During that time, he served as chairman of the corporate governance and nominating committee. In addition, he was the company's general counsel for many years.
"Alan has played an invaluable role on our Board over the last thirty-five years," says Orthwein."His judgment, legal acumen and deep interest in the culture of our company have benefited our organization and our shareholders. While we are sorry he will no longer serve on our board, we are thankful to Alan for his outstanding service to Thor."