Caravan and donga maker Fleetwood’s board has announced its CEO Steve Price has resigned, with this to take effect on June 30.
has undergone a difficult period, acknowledged in the statement from the
company last Friday.
reported by Manufacturers’ Monthly last month, Fleetwood’s first-half profits
had decreased 18 per cent to $4.2 million, year-on-year. This followed an 81 per cent decline in first-half profit announced in 2013.
The company thanked Price for his leadership during “a particularly challenging period, and also implemented a series of reforms and initiated processes which will stand the group in good stead in the years to come.”
Fleetwood has commenced a search for a new CEO.