Thor Announces Management Change at Crossroads RV

ELKHART, Ind., Aug. 9, 2013 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) today announced that Don Emahiser has resigned as President of Crossroads RV to pursue other interests, effective August 9, 2013.  Crossroads RV is a Thor subsidiary that produces travel trailers and fifth wheel RVs in Topeka, Indiana.

"We appreciate Don's service to our Company and wish him well on his future endeavors.  Fortunately, we have a strong bench of management talent at Thor and Crossroads that should help ensure this management transition is smooth," said Bob Martin, Thor President & CEO.  "We will begin the process of hiring a new president for Crossroads immediately and we hope to have the search completed within our fiscal first quarter.  In the interim, I will be working closely with the management team at Crossroads to ensure that our operations continue running effectively and we continue to provide our dealers with the service and products they expect."

About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent the world's largest manufacturer of recreation vehicles and a major builder of commercial buses.

This release includes certain statements that are "forward looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward looking statements involve uncertainties and risks. There can be no assurance that actual results will not differ from our expectations. Factors which could cause materially different results include, among others, price fluctuations, material or chassis supply restrictions, legislative and regulatory developments, the costs of compliance with increased governmental regulation, legal issues, the potential impact of increased tax burdens on our dealers and retail consumers, lower consumer confidence and the level of discretionary consumer spending, the level of state and federal funding available for transportation, interest rate increases, restrictive lending practices, recent management changes, the success of new product introductions, the pace of acquisitions, the impact of the divestiture of the Company's bus businesses, asset impairment charges, cost structure improvements, competition and general economic conditions and the other risks and uncertainties discussed more fully in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2012 and Part II, Item 1A of our Quarterly Report on Form 10-Q for the period ended April 30, 2013. We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained in this release or to reflect any change in our expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based, except as required by law.

SOURCE Thor Industries, Inc.