RV Maker Fleetwood Names Edward B. Caudill President and Chief Executive Officer

RIVERSIDE, Calif., July 26 Fleetwood Enterprises, Inc., the nation's largest manufacturer of recreational vehicles and a leading producer and retailer of manufactured housing, announced today the appointment of Edward B. Caudill as president and chief executive officer.

Caudill, 59, has 25 years of management experience with leading manufacturers and distributors. He has been a vice president of PACCAR since 1996 and general manager of its Kenworth Truck Company, a manufacturer of heavy-duty on- and off-highway trucks and medium-duty trucks, since 1997. Kenworth trucks are sold worldwide through several hundred independent dealers. Previously, Caudill was vice president-purchasing and general manager of the aftermarket Parts and Medium Duty Truck divisions at PACCAR for nine years.

Before joining PACCAR, Caudill spent most of his career in sales and manufacturing management at Rockwell International and manufacturing and quality management at Eaton Corporation. He has a Bachelor of Science degree from Wayne State University in Detroit, Michigan, and an MBA from Xavier University, Cincinnati, Ohio.

Caudill's appointment culminates a careful search process that Fleetwood began in February 2002. David Engelman, interim CEO during the search process and a member of Fleetwood's Board of Directors, said, "Ed Caudill brings a wealth of experience in manufacturing, sales, service, purchasing and product development to Fleetwood. He has demonstrated the ability to think and execute strategically and to navigate through operating challenges. He had full P&L responsibility at Kenworth, which is approximately the same size as Fleetwood. His knowledge of the manufacturing process of large durable consumer products and their distribution through independent dealers will be invaluable."

Caudill is expected to assume his responsibilities at Fleetwood in mid-August 2002.