Cavco Industries, Inc. Announces Retirement of Joseph H. Stegmayer as President, and Chief Executive Officer, Effective on January 31, 2020
January 13, 2020 at 04:30 pm EST
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On January 6, 2020, Joseph H. Stegmayer, former Chairman of the Board of Directors, President, and Chief Executive Officer of Cavco Industries, Inc. provided notice that he will retire effective January 31, 2020. During his years leading the company, Mr. Stegmayer oversaw a period of significant growth and shareholder value creation. During that time, the Company grew from a 3-plant manufacturer in the Southwest to 20 plants spread across the U.S, a substantial retail operation, a mortgage lending operation and an insurance operation.
Since his previously-announced transition in November 2018, Mr. Stegmayer has been supporting the company's new leadership while in the role of Director, Strategic Initiatives.
Cavco Industries, Inc. designs and produces factory-built homes. Its segments include Factory-built Housing and Financial Services. The Factory-built Housing segment includes wholesale and retail factory-built housing operations. The Financial Services segment includes manufactured housing consumer finance and insurance. Its factory-built homes are distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. Its manufactured homes are marketed under a variety of brand names, including Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry and Solitaire. It is also a producer of park model recreational vehicle (RVs), vacation cabins and factory-built commercial structures, as well as modular homes. CountryPlace Acceptance Corp. is its finance subsidiary and Standard Casualty Co. (Standard Casualty) is its insurance subsidiary.
CAVCO INDUSTRIES, INC. 
