Skyline Champion CEO Keith Anderson leaves

  • Push-out Score determined
  • After about four years in the position
  • Praise and thanks for Anderson
  • Mark Yost taking over
  • Anderson said 113 words

(exechange) — Elkhart, Indiana & Troy, Michigan, May 3, 2019 — Keith Anderson, chief executive of Skyline Champion, leaves. As announced by Skyline Champion Corp. in a news release published on Wednesday, May 1, 2019 and in a regulatory filing published on Friday, May 3, 2019, Keith A. Anderson leaves his post as chief executive officer at the provider of factory-built and modular homes after about four years in the role, effective June 1, 2019.

Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 7.8 years, according to data compiled by exechange.

Keith Anderson’s duties will be taken over by Mark J. Yost, currently executive vice president and president of U.S. operations of Skyline Champion Corporation.

No reason given

In the announcement, Skyline Champion did not explicitly explain the reason for Keith Anderson’s imminent move.

Precise information regarding Keith Anderson’s future plans was not immediately available.

“Retiring”

Skyline Champion said: “Chief Executive Officer Keith Anderson will be retiring on June 1, 2019.”

Share price decline

The announcement follows a decline in Skyline Champion Corporation’s share price of 36 percent since July 2018.

Chaired by Timothy Bernlohr

Skyline Champion Corporation is chaired by Timothy Bernlohr.

Timothy Bernlohr is currently Chairman of the Board of Directors of Skyline Champion Corporation. He served as Chairman of the Board of Managers of Champion Enterprises Holdings, LLC from 2010 through May 2018.

In the position of CEO since 2015

Keith Anderson became a director of Skyline Champion on June 1, 2018.

Anderson was, between November 1, 2016 and the Closing Date, Chief Executive Officer of both Champion Holdings and CHB.

Previously, from June 2015 through October 30, 2016, Anderson was President and Chief Executive Officer of Champion Holdings and Chief Executive Officer of CHB.

Since 2016 he has served on the board of managers of Southwest Stage Funding, LLC d/b/a Cascade Financial Services.

He has also been a director of the non-profit organization Manufactured Housing Institute since 2015, and currently serves on the Manufactured Housing Advisory council for both Fannie Mae and Freddie Mac.

Prior to joining Champion Holdings, Anderson was Executive Vice President and Chief Operating Officer of Walter Investment Management Corp. from June 2012 to November 2014.

From November 1995 to June 2012, Anderson held various executive management positions at GreenTree Servicing, LLC ending with President and Chief Executive Officer.

Anderson holds a B.S. in Accounting from Illinois State, and an M.B.A. from DePaul University.

To ensure a seamless transition, Anderson will continue to serve as a member of the Board of Directors.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.

Read the full story in the exechange report 18.2019 ($).