Manufactured housing component supplier Drew Industries, Inc. (NYSE:DW), of Elkhart, Indiana, has informed MHProNews that Joseph S. Giordano III, will be leaving his posts as treasurer and Chief Financial Officer (CFO) as of Aug. 31, 2015 to pursue other business opportunities. He joined Drew as Corporate Controller in 2003, and became treasurer and CFO in 2008. As MHProNews reported March 31, 2015, Mr. Giordano sold 19,500 shares of Drew stock with a value of $1,262,250.

James F. Gero, Chairman of the Board of Drew Industries, stated, “Joe has played an instrumental role in the Company’s growth and success for more than a decade, including during the 2013 executive succession and the relocation of the Company to Elkhart, Indiana. We thank him for his service and wish him the best in his future endeavors.”

“On behalf of all of us here at Drew Industries, Lippert Components, Inc., and our Board of Directors, I want to thank Joe for his service and wish him only the best going forward,” said Jason Lippert, Chief Executive Officer of Drew Industries. “Joe has helped build a strong financial team at the Company, which positions us well for the continued execution of our business strategies. We are highly appreciative of Joe and are confident in his abilities to keep our business on track as we evaluate external candidates for the role of CFO.”

As cnnmoney reports, through its wholly-owned subsidiary, Lippert Components, Inc., from 38 facilities nationwide, Drew provides a wide range of products to the manufactured and modular housing and recreational vehicle industries, including axle and suspension systems, sliding doors, leveling mechanisms, furnishings, windows, doors, hydraulic systems and other items. ##

(Image credit: Drew Industries, Inc.)

  Article submitted by Matthew J. Silver to Daily Business News-MHProNews.