Coachmen Industries, Inc. Announces Appointment of Housing and Building Group Management Team

Coachmen Industries, Inc. Announces Appointment of Housing and Building Group Management Team

ELKHART, Ind., Dec. 12 /PRNewswire-FirstCall/ -- Coachmen Industries, Inc. (NYSE: COA) today announced the appointment of a senior management team for the Company's Housing and Building Group.

Rick Bedell will rejoin the Company as the President of Consolidated Building Industries, LLC, dba The Coachmen Housing and Building Group. Mr. Bedell was formerly the President of Miller Building Systems, Inc., which was sold by Coachmen Industries in 2006. He has extensive experience in the modular construction industry as well as management of multi-plant operations. He was previously President of the Modular Building Institute, and served on their Board of Directors for four years. Rick Lavers, Coachmen's Chief Executive Officer commented, "We are extremely pleased to have Rick back in our Housing and Building Group. He is very familiar with the requirements to successfully implement major multi-unit projects, which is, of course, an important element of our future growth plans in both special projects and military construction." Mr. Bedell's appointment will be effective as of January 1, 2007.

In addition to Mr. Bedell's appointment, the Company promoted Mr. Del Herr to Executive Vice President - Operations of the Housing and Building Group. Mr. Herr was the General Manager of All American Homes of Iowa, where he consistently generated superior financial performance. The promotion is effective immediately and all General Managers of manufacturing operations in the Housing and Building Group will report directly to Mr. Herr. The Company also promoted Mr. Dave Kurth to Vice President - Field Operations and Special Projects for the Housing and Building Group. In his new role, Mr. Kurth will be responsible for delivery, set and site operations for special projects and military construction, industrial engineering at our manufacturing facilities, new facility selection and start ups, and special projects in new markets.

"With a new senior management team in place, we are another step closer to completing our operational transformation. We are excited by our new leaders and look forward to their success as we pursue exciting new opportunities in multi-family housing and military construction projects," concluded CEO Lavers.

Coachmen Industries, Inc., through its prominent industry subsidiaries, is one of America's leading manufacturers of recreational vehicles, systems-built homes and commercial buildings. The Company's well-known RV brand names include COACHMEN(R), GEORGIE BOY(R), SPORTSCOACH(R) and VIKING(R). Coachmen's ALL AMERICAN HOMES subsidiary is one of the nation's largest producers of systems-built homes, and also a major builder of multi-family residential and commercial structures with its ALL AMERICAN BUILDING SYSTEMS(R) products. Coachmen Industries, Inc. is a publicly held company with stock listed on the New York Stock Exchange (NYSE) under the ticker COA.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned not to place undue reliance on forward-looking statements, which are inherently uncertain. Actual results may differ materially from that projected or suggested due to certain risks and uncertainties including, but not limited to, the potential fluctuations in the Company's operating results, the availability for floorplan financing for the Company's recreational vehicle dealers and corresponding availability of cash to Company, uncertainties and timing with respect to sales resulting from recovery efforts in the Gulf Coast, uncertainties regarding the impact on sales of the disclosed restructuring steps in both the recreational vehicle and housing and building segments, the ability to sell and close the operations for sale as described, the accuracy of the estimates of the costs to remedy the disclosed recreational vehicle warranty issues, the impact of performance on the valuation of intangible assets, the availability and the price of gasoline, price volatility of raw materials used in production, the Company's dependence on chassis and other suppliers, interest rates, the availability and cost of real estate for residential housing, the supply of existing homes within the company's markets, the impact of home values on housing demand, the ability of the Housing and Building segment to perform in new market segments where it has limited experience, adverse weather conditions affecting home deliveries, competition, government regulations, legislation governing the relationships of the Company with its recreational vehicle dealers, consolidation of distribution channels in the recreational vehicle industry, consumer confidence, uncertainties of matters in litigation, further developments in the war on terrorism and related international crises, oil supplies, and other risks identified in the Company's SEC filings.

Website: http://www.coachmen.com/



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