Members of the Fleetwood Enterprises Inc. Board of Directors have begun a search for a new chairman, president and CEO as a result of the retirement of Chairman Glenn Kummer, 67, and the resignation of President and CEO Nelson Potter, 58, both of which were announced on Monday (Feb. 11).
Outside director Thomas Pitcher, 62, is the new Fleetwood chairman and David Engelman, 63, another outside director, is the new president and CEO.
However, according to Fleetwood’s announcement issued Monday, Pitcher and Engelman are serving on an interim basis.
A search committee comprised of Fleetwood board members has been formed, although the members were not identified in Monday’s statement.
Potter also resigned from his seat on the board but Kummer will remain as a Fleetwood board member “to assist with the transition and other matters,” according to Fleetwood.
The announcement of Kummer’s retirement occurred “in accordance with a transition plan approved by the Fleetwood board several years ago,” the company added Monday.
No timetable for finding permanent replacements for Kummer or Potter was revealed Monday.
Kummer and Potter were the only insiders on Fleetwood’s board, which had 11 members prior to Potter’s resignation.
The other members of the Fleetwood board are: Paul Borghesani, an attorney from South Bend, Ind.; Dr. James Loti, president of Chapman University, Orange, Calif.; Margaret Dano, vice president-supply chain of adhesive labels manufacturer Avery Dennison Corp., Pasadena, Calif.; Walter Beran, a retired financial services firm executive; Loren Carroll, president and CEO of M-I LLC, a Houston-based drilling and fluid-handling suplier to the petroleum exploration industry; Dr. Douglas M. Lawson, founder of the New York-based fund-raising firm that bears his name; and John Montford, senior vice president external affairs of telecommunications firm SBC Communications Inc.