Fleetwood Expands Board, Announces Three New Directors
12 April 1999
Fleetwood Expands Board, Announces Three New DirectorsRIVERSIDE, Calif., April 12 -- Fleetwood Enterprises, Inc. , a leading producer of manufactured housing and recreational vehicles, announced today that its Board of Directors has voted to expand the number of directors from eight to eleven. At the same time, the Board appointed three new directors with extensive business backgrounds to fill these newly created positions. The new directors are Paul D. Borghesani, Loren K. Carroll and David S. Engelman. Board Chairman Glenn F. Kummer said, "We believe that the substantial experience and talents which these new members bring to the Board will contribute significantly during a time when the Company is growing its core manufacturing businesses and expanding into the manufactured housing retail business. We feel fortunate to have the services of three new directors with very impressive credentials," Kummer said. Paul Borghesani is affiliated with Baker & Daniels, a large law firm in Indiana. He has an extensive background in the transportation industry, most recently serving as Chairman and Chief Executive Officer of Morgan Drive Away, a national leader in services to the manufactured housing and recreational and commercial vehicle industries. Loren Carroll is currently President and Chief Executive Officer of M-I, an oil services company and the world's largest drilling fluid and fluid handling equipment supplier. Carroll is also Executive Vice President and a director of Smith International, the parent company of M-I. Prior to joining Smith, Mr. Carroll was President and a director of Geneva Business Services, a part of The Geneva Companies, and earlier was an audit partner with Arthur Andersen & Co., LLP. David Engelman is currently a director of MGIC Investment Corporation and Long Beach Financial Corporation, and has held a number of key executive positions in the banking and financial services industries.