Thor co-founder Pete Orthwein is stepping back this summer, handing the title of CEO to Bob Martin, who already held the title of company president.
Posted on June 10, 2013 at 1:00 a.m.
| Updated on June 10, 2013 at 5:25 p.m.
ELKHART — It’s been a busy year for Thor Industries.
The RV giant moved its headquarters to Elkhart, sold its ambulance business and bought manufacturing space in Wakarusa. Now, company co-founder Pete Orthwein is handing over the title of chief executive officer to Bob Martin, who’s already been serving as president and chief operating officer of the publicly traded company.
Martin will also join the board of the company, while Orthwein will remain chairman.
Orthwein, who founded the company in 1980 with the late Wade F.B. Thompson — the first two letters of each man’s last name are the source of the company’s moniker — will remain as chairman of the board.
The transition will happen Aug. 1, according to an announcement from the company dated Monday, June 10.
”I am pleased to pass on the leadership of Thor to Bob Martin, someone who has a proven track record with both our company and the RV industry,” Orthwein said in the announcement. “This transition marks a significant, positive step in our succession plan and I have confidence in the solid management team we have developed over the past several years.
“We now have excellent depth of talent across our senior management, and I am convinced that Bob’s strong relationships with dealers and demonstrated ability make him the right person to lead Thor to the next level of growth, performance and profitability,” Orthwein said.
All RV presidents and the bus group president of Thor will continue to report to Martin.
Martin is a 19-year veteran of the recreational vehicle industry. The 43-year-old man has served in a variety of leadership roles at Thor, including as president of its largest, subsidiary, Keystone RV, and as RV senior group president.