AUBURN HILLS, Mich., March 7 /PRNewswire-FirstCall/ --
Champion Enterprises, Inc. (NYSE: CHB), the nation's leading housing
manufacturer, today announced that G. Michael Lynch has been named to its
Board of Directors. Lynch is currently Executive Vice President and Chief
Financial Officer for Federal-Mogul Corporation, a $5.5 billion global
manufacturer and marketer of auto motor component parts. Three years prior to
joining Federal-Mogul in 2000, Mr. Lynch was Vice President and Controller of
Dow Chemical Company. Previously, for 29 years he worked for Ford Motor
Company in various analytical, supervisory and managerial positions in finance
and operations.
Champion's Chairman, President, and Chief Executive Officer, Walter R.
Young, said, "We are very excited to have Mike join our already impressive
Board. He is an outstanding executive who will contribute to our
manufacturing, retail and finance company strategies. We will benefit from
his leadership skills and exceptionally strong financial and business
background."
Champion's Board consists of one inside director and six outside
directors. The other Board members are: Walter R. Young, Chairman; Robert W.
Anestis, Chairman, President and CEO of Florida East Coast Industries, Inc.;
Eric S. Belsky, Executive Director of the Joint Center for Housing Studies at
Harvard University; Selwyn Isakow, Chairman, President and CEO of The Oxford
Investment Group, Inc.; Brian D. Jellison, President and CEO of Roper
Industries; and George R. Mrkonic, Director of Borders Group, Inc. Earlier
this year Ellen R. Levine, Editor-in-Chief of Good Housekeeping magazine,
resigned from Champion's Board.
Champion Enterprises, Inc., headquartered in Auburn Hills, Michigan, is
the industry's leading manufacturer and has produced nearly 1.6 million homes
since the company was founded. The company operates 37 homebuilding
facilities in 16 states and western Canada and 118 company-owned retail
centers in 26 states. Champion's homes are also sold by independent
retailers, including 657 locations that have joined the Champion Home Center
retail distribution network, and by approximately 600 builders and developers.
Through its subsidiary, HomePride Finance Corp., the company provides retail
customers with financing to purchase Champion-built homes. Further
information can be found on the company's website, http://www.championhomes.net .
SOURCE Champion Enterprises, Inc.
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Related links:
http://www.championhomes.net
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/110861.html
CONTACT:
Investor and Media Contacts: Phyllis A.
Knight, Chief Financial Officer, +1-248-340-9090, or Colleen T.
Bauman, Investor Relations, +1-248-340-7731, both of Champion
Enterprises, Inc.
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