Wilson Jones will retire from the Thor Industries Inc. board of directors, effective Dec. 15.
Jones was president and chief executive officer of Oshkosh Corp. from January 2016 until his retirement in April 2021. He jointed the Thor board in 2014.
“Thor Industries has been very fortunate to have Wilson serve on our board for the last nine years,” said Board Chairman Andy Graves in a press release. “All of us who have worked with Wilson on Thor’s board of directors have benefited from his leadership and his commitment to the company. His extensive knowledge of the specialty vehicles industry, people-first approach, and financial and strategic management expertise helped guide Thor’s incredible performance.”
Jones most recently served as chairman of Thor’s compensation and development committee, and he was a member of the environmental, social, governance and nomination committee.
“Wilson has played an influential role on our board of directors for nine years, helping guide our company through periods of growth unparalleled in the industry,” said Bob Martin, Thor’s chief executive officer. “Wilson’s leadership and collaboration on the board will be greatly missed and we are deeply grateful for the significant contributions he has made.”
Thor’s board of directors hired a search firm to find a replacement for Jones by the first quarter of 2024.
Thor manufactures recreational vehicles. The company’s fourth quarter fiscal results showed a decrease in net sales compared to 2022.
“Fiscal 2023 presented a series of challenges as a result of higher interest rates, rising inflation, increased economic uncertainty, ongoing supply chain constraints and geopolitical issues,” Martin said in a press release.
However, Thor increased its quarterly dividend on Oct. 10 to 48 cents a share from 45 cents.