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Damon Corp. Chairman and CEO Gary Groom will retire from the Elkhart, Ind.-based motorhome maker, effective Nov. 22. Current Damon President and COO Bill Fenech will assume Groom’s responsibilities.
“I wish Gary the best in his retirement,” said Fenech. “He was very supportive when I came over from Keystone in August of 2004.”
Groom, a 34-year RV industry veteran, joined the Thor Industries Inc. subsidiary seven years ago as president when Damon was privately owned.
According to a press release, he became directly involved in all facets of the business, with special emphasis on product development, engineering, manufacturing, sales and customer service. When Jackson Center, Ohio-based Thor purchased the company in 2003, Groom was promoted to chairman and CEO.
Prior to his involvement with Damon, Groom was with Coachmen Industries Inc. for 27 years where he served in several positions, including executive vice president of finance, secretary and CFO, and was also a member of the Elkhart-based company’s board.
“I believe I am leaving Damon in excellent hands and with a great future,” Groom said. “The employees are highly motivated, under strong leadership, and are looking forward to moving up to the next level of performance. Damon is a great company and I’m proud to have been a part of it.”
While announcing Groom’s retirement, Damon also reported that the company had upped production of its diesel-powered motorhomes due to increased demand.
Dave Miller, vice president of sales and market development for Damon’s diesel division, cited an 18.8% rise in Class A market share between June 2005 and June 2006, according to data from Grand Rapids, Mich.-based Statistical Surveys Inc.
Miller attributed the growth to innovative product development and the creation of two separate sales teams for its gas and diesel products.