Cavco Industries Names Allison K. Aden as Chief Monetary Officer
Allison K. Aden
Executive Vice President and Main Fiscal Officer, Cavco Industries, Inc.
PHOENIX, Aug. 09, 2021 (World NEWSWIRE) — Cavco Industries, Inc. (Nasdaq: CVCO) (“Cavco” or the “Company”) these days introduced that the Company has named Allison K. Aden as Executive Vice President and Chief Economical Officer, helpful August 30, 2021.
In her new job, Ms. Aden will direct Cavco’s economic reporting, accounting, tax, treasury, facts technological know-how and finance-linked functions. She will also serve as a member of the Company’s Government Leadership Group and will report to Monthly bill Boor, President and Main Government Officer.
“We are incredibly pleased to welcome Allison to Cavco’s management staff,” mentioned Mr. Boor. “With a demonstrated record of accomplishment in demanding and rapid-paced environments in both of those public and private fairness-owned multinational organizations, she has shown accomplishment as a collaborative business spouse, dilemma solver and effects-pushed chief.”
“I search forward to operating closely with Bill, the management workforce and the Board of Directors to make on Cavco’s growth and achievements,” additional Ms. Aden. “I relish the chance to draw upon my encounter to supply strategic financial management and insights to the Corporation.”
Allison K. Aden’s Qualifications
Ms. Aden brings significant economical, small business and operational experience to Cavco. From July 2018 to August 2021, she served as Government Vice President, Chief Economic Officer of Diversified Systems, an market-top engineering answers service provider offering revolutionary electronic media, collaborative, broadcasting, digital safety and built-in IT answers. Prior to signing up for Diversified Technologies, Ms. Aden served from 2015 to 2018 as Government Vice President, Main Money Officer of Schweitzer-Mauduit International (NYSE: SWM), a foremost global provider of extremely engineered answers and sophisticated resources for a assortment of industries. Other knowledge consists of money management positions with Americold Logistics, Recall Corporation, LNR Property Company, PRG-Schultz International, Hewlett-Packard and McKesson Company.
Ms. Aden earned her bachelor’s degree in Finance from the University of Missouri – Columbia and received a Master of Organization Administration diploma from the College of Missouri – St. Louis. She is a Qualified Public Accountant and a Chartered World wide Administration Accountant. Ms. Aden is a member of the American Institute of Certified Community Accountants and The Ga Culture of CPAs.
About Cavco Industries, Inc.
Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and makes factory-created housing products and solutions primarily dispersed through a community of independent and Business-owned retailers. We are just one of the greatest producers of produced homes in the United States, based mostly on documented wholesale shipments and promoted less than a range of brand names such as Cavco, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle and Destiny. We are also a major producer of park design RVs, vacation cabins and methods-crafted industrial constructions, as properly as modular homes. Cavco’s finance subsidiary, CountryPlace House loan, is an authorised Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae mortgage-backed securities issuer that gives conforming mortgages, non-conforming mortgages and property-only financial loans to purchasers of manufacturing unit-designed homes. Our insurance coverage subsidiary, Typical Casualty, gives property and casualty insurance policies to proprietors of created residences. More information and facts about Cavco can be located at https://www.cavco.com.
Forward-Searching Statements
Specified statements contained in this release are ahead-on the lookout statements in the that means of Segment 27A of the Securities Act of 1933, Area 21E of the Securities Trade Act of 1934 and the Personal Securities Litigation Reform Act of 1995. In general, all statements that are not historic in character are forward-on the lookout. Forward-wanting statements are ordinarily provided, for case in point, in conversations relating to the produced housing market our economical performance and working results and the expected influence of sure pitfalls and uncertainties on our company, economical situation and benefits of functions. All ahead-looking statements are subject to challenges and uncertainties, a lot of of which are over and above our manage. As a outcome, our genuine effects or efficiency might differ materially from expected effects or functionality. Elements that could induce this kind of discrepancies to occur consist of, but are not constrained to: the effects of regional or countrywide emergencies including the COVID-19 pandemic, together with this sort of impacts from point out and federal regulatory action that restricts our skill to function our enterprise in the common program and impacts on (i) customer demand from customers and the availability of funding for our solutions, (ii) our offer chain and the availability of uncooked materials for the manufacture of our products and solutions, (iii) the availability of labor and the wellness and safety of our workforce and (iv) our liquidity and access to the money markets labor shortages and the pricing and availability of uncooked products our means to correctly integrate past acquisitions or foreseeable future acquisitions and the potential to achieve the predicted positive aspects of this sort of acquisitions involvement in vertically built-in traces of company, such as created housing purchaser finance, professional finance and insurance coverage info technological innovation failures or cyber incidents our participation in specified funding programs for the purchase of our products by business distributors and buyers, which may expose us to supplemental risk of credit history decline important warranty and construction defect promises our contingent repurchase obligations similar to wholesale financing a compose-off of all or part of our goodwill our means to maintain associations with impartial distributors our company and operations staying concentrated in particular geographic regions governmental and regulatory disruption, together with extended delays by Congress and the President to approve budgets or continuing appropriations resolutions to facilitate the operation of the federal governing administration curtailment of readily available funding from dwelling-only creditors availability of wholesale financing and limited ground program loan companies sector forces and housing need fluctuations the cyclical and seasonal character of our business enterprise competition common deterioration in economic disorders and turmoil in the money markets unfavorable zoning ordinances considerable regulation influencing the production and sale of manufactured housing potential economical effects on the Business from the subpoenas we gained from the SEC and its ongoing investigation, like the hazard of prospective litigation or regulatory motion, and expenditures and expenditures arising from the SEC subpoenas and investigation and the events explained in or coated by the SEC subpoenas and investigation, which include things like the Firm’s indemnification obligations and insurance plan expenditures regarding this sort of matters, and probable reputational problems that the Business might suffer losses not covered by our director and officer insurance plan, which may well be significant, adversely impacting financial efficiency reduction of any of our executive officers liquidity and capability to elevate funds may possibly be limited organizational document provisions delaying or earning a alter in command far more hard and volatility of inventory price tag with each other with all of the other challenges explained in our filings with the SEC. Audience are especially referred to the Possibility Components described in Product 1A of the Company’s Annual Report on Kind 10-K for the calendar year finished April 3, 2021 as may perhaps be amended from time to time, which discover crucial challenges that could cause genuine results to differ from those people contained in the forward-wanting statements. Cavco expressly disclaims any obligation to update any ahead-wanting statements contained in this launch, whether as a outcome of new data, long term situations or or else. Traders ought to not spot undue reliance on any these forward-looking statements.
For supplemental facts, get hold of:
Wallace Campbell
Director, Communications
[email protected]
Phone: 602-283-9027
On the Internet: www.cavco.com
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