Illness Forces Thor Industries CEO To Step Down

Recreational vehicle and bus company says chairman and CEO Wade F. B. Thompson is ill and has stepped aside.

Nov 10th, 2009

JACKSON CENTER, Ohio (AP) --Thor Industries Inc. says chairman and CEO Wade F. B. Thompson is ill and has stepped aside.

The company, which makes recreational vehicles and buses, elevated the vice chairman to interim CEO.

The company didn't give any details Tuesday about Thompson's health.

Peter B. Orthwein, 64, a co-founder and director of the company, was named interim chairman, CEO and president. He has been vice chairman since 1986.

Thor's shares slipped 67 cents, or 2 percent, to $30.24 in afternoon trading.

More in Home
Detroit River Istock
Contaminated Site Collapses in Detroit
The site formerly was occupied by the Revere Copper and Brass Corp., which produced uranium parts and was a subcontractor for the Manhattan Project.
Dec 6th, 2019
In this Nov. 27 file photo, Balo Balogun labels items in preparation for a holiday sale at a Walmart Supercenter in Las Vegas.
US Gains a Robust 266,000 Jobs
The November unemployment rate dipped to 3.5%, matching a half-century low, and wages rose a solid 3.1% compared with a year earlier.
Dec 6th, 2019
Nutella Sized Istock
Italian Leader Boycotts Nutella
At the heart of the matter for the Italian company are hazelnuts grown in Turkey.
Dec 6th, 2019
Ford Ap
Ford Recalls 262K Pickups
The tailgates on these heavy duty trucks can open unexpectedly.
Dec 6th, 2019
I Stock 1093885090
China Waiving Tariff Hikes on US Soybeans, Pork
Beijing promised in September to lift the tariffs, adding to conciliatory steps that raised hopes for a settlement.
Dec 6th, 2019
Worker Gabe Ryan removes a sign that includes the name Arthur M. Sackler at an entrance to Tufts School of Medicine, Thursday, Dec. 5, 2019, in Boston. Tufts University says it is stripping the Sackler name from its campus in recognition of the family's connection to the opioid crisis.
Tufts Cuts Ties with Sacklers
The relationship has spanned nearly four decades and brought $15 million to the school’s science and medical programs.
Dec 6th, 2019
Nissan Sign Ap
Slumping Nissan Furloughs Workers
Nissan says nearly all of its 21,000 U.S. workers must take Jan. 2 and 3 off without compensation.
Dec 5th, 2019
Farm Wheat Grain Ship Farming Harvest 941225 Pxhere com
Cargill Aims to Cut Carbon Emissions 30% by 2030
The announcement follows Cargill's previous February 2018 pledge to cut absolute emissions 10 percent by 2025.
Dec 5th, 2019
Gp Pro
Upgraded Restrooms Improve Retention
Restrooms are consistently ranked among the top three areas for facility complaints.
Dec 5th, 2019
E153 Thumb
Autonomous Podcars 3D Printed On-Demand for Last Mile Mobility
They only have 14 parts, including the airless tires. Also, better lightning strike protection and trachea replacements.
Dec 5th, 2019
Ek9o T3 P Xs Aa8 O9p
No Injuries in Massive Fire at Arkansas Foam Plant
A fire broke out late Wednesday morning in a storage area at United Industries’ facility near downtown Bentonville.
Dec 5th, 2019
In this Oct. 2, 2019 file photo, a shipping container is lifted off the back of a truck as others wait in line to have their cargo unloaded at a terminal on Harbor Island in Seattle.
US Trade Gap Narrows 7.6% to $47.2 billion in October
The deficit in the trade of goods with China narrowed by 1.1% to $31.3 billion in October and is down 14.6% so far this year.
Dec 5th, 2019
An empty platform is pictured during a railway strike at the Lyon Perrache train station, central France, Thursday, Dec. 5, 2019. Most French trains are at a standstill as unions hold nationwide strikes and protests over the government’s retirement reform. Schools are closed and the Eiffel Tower is warning visitors to stay away. Paris deployed 6,000 police for what’s expected to be a major demonstration Thursday through the capital. Workers fear the reform will make them work longer for smaller pensions.
France's Heated Debate over Pensions
Workers argue a planned overhaul will require them to work longer and will reduce their income.
Dec 5th, 2019
This June 17, 2019, file photo shows 5-mg pills of Oxycodone. The judge overseeing the bankruptcy case of OxyContin maker Purdue Pharma will consider Wednesday, Dec. 4, 2019 whether the company's CEO should get a bonus equal to half his $2.6 million salary.
Judge OKs $35M in Purdue Pharma Bonuses
But he stopped short of allowing the bankrupt company's CEO to receive a planned $1.3 million payout.
Dec 5th, 2019