Thor Picks a New CFO
Sep 11th 2013 9:00PM
Updated Sep 11th 2013 9:02PM
Elkhart, Ind.-based Thor Industries gets a new CFO next month.
On Wednesday, Thor announced it has named Colleen Zuhl to replace Dominic Romeo as chief financial officer effective October 1. Romeo will remain a consultant at the company thereafter "for a variety of projects."
Thanking Romeo for his service, Thor CEO Bob Martin noted that his "time with us was marked by significant successes of our Company's management team on which Dom played a key role." Over the past year, Thor shares are up more than 51%, while the broader S&P 500 has gained less than 16%.
As for the new CFO, Zuhl has been with Thor since June 2011, serving, among other positions, as its corporate controller and also as interim CFO from October 2012 through February 2013. In a filing with the SEC, Thor disclosed that it will be paying her an annual base salary of $500,000 plus a cash bonus targeting $150,000 and 0.75% of Thor's net earnings before taxes, as well as a bonus paid in restricted stock units equal in value to 0.1% of net earnings before taxes, vesting over three years.
In other news, Thor noted that it has promoted a former Coachmen Industries director of investor relations, who's now a Thor employee, to the position of director of corporate development and investor relations.
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