Cavco Industries has appointed William Boor as CEO, effective April 15. Boor will succeed Daniel Urness, who served as president and acting CEO since November 2018. Urness will resume his former role of executive VP, CFO, and treasurer, also effective April 15.
Boor assumes his new role as CEO with more than 10 years of experience with Cavco, most recently serving as non-executive chairman of the board for the company. Boor joined Cavco as an independent member of the board in 2008. Several years prior to his service on the Cavco board, Boor held the position of VP of corporate development at Centex Corp. while Cavco was a subsidiary of Centex. During that tenure, Boor worked on developing and implementing Cavco’s business strategy and participated in its eventual spin-off in 2003.
As CEO, Boor will be responsible for day-to-day leadership of the company.
Boor will remain a member of the company’s board of directors. The board has named independent board member Steven Bunger to serve as the company’s new non-executive chair of the board. Richard Kerley has been appointed chairman of the audit committee. Both of these board appointments are effective immediately.
“After thoughtful consideration of options to strengthen the management team, the Board concluded Bill is the right choice to assume the CEO role,” said Bunger. “Bill is a strong and proven leader, who has a successful track record of managing large, complex businesses and working across a range of executive roles in public companies. His significant knowledge and insights into Cavco’s business, from his tenure on the board and previous strategic work with the company, provide the immediate and long-term ability needed to lead the execution of our strategic plan and focus on operational excellence.”
“The Board would like to thank Dan Urness for his leadership and contributions over the last five months as Acting CEO during an important period of transition. We are pleased he will remain an important part of our leadership team,” said Boor. “I’ve had the pleasure of working closely with Dan for many years while I was chairman of the audit committee and I look forward to working closely with him in the coming years.”