JACKSON CENTER, Ohio (AP) -- Recreational vehicle maker Thor Industries said Thursday that it has realigned its management structure to find new growth opportunities.
Thor said Ron Fenech, 52, will become senior group president, and all Thor RV divisions will report to him. He was president of Thor's Keystone RV unit, one of several brands of RVs that Thor makes.
Chief Operating Officer Richard "Dicky" Riegel, 43, will become senior group president overseeing Thor's bus division, investor relations and work developing new business on Thor's current lines.
Thor has been hit hard by the recession because it slashed demand for RVs.
Shares of the Jackson Center, Ohio, company fell 23 cents to close at $30.99 Thursday, then dropped 3 cents in late trading.