National R.V. Holdings, Inc. Announces Appointment of Its New CEO
21 April 1999
National R.V. Holdings, Inc. Announces Appointment of Its New Chief Financial OfficerPERRIS, Calif., April 21 -- National R.V. Holdings, Inc. announced today that Bradley C. Albrechtsen has been appointed Chief Financial Officer of the Company. Mr. Albrechtsen has been the Company's Controller since 1993 and was previously the Company's Assistant Controller. As Controller, Mr. Albrechtsen has been involved in, among other responsibilities, all facets of the Company's financial reporting, SEC compliance and tax planning. Mr. Albrechtsen, 36, is a CPA with six years of public accounting experience including three years at Arthur Young & Co. (the predecessor to Ernst & Young). Mr. Albrechtsen replaces Kenneth W. Ashley, who has resigned to pursue other interests but will remain with the Company in a consulting capacity. Wayne Mertes, National RV's President and CEO, stated, "We are excited about Brad's appointment as CFO of National RV. With over seven years of experience at National RV, Brad combines a tremendous knowledge about the Company's finances and operations with a broader perspective on the recreational vehicle industry as a whole. We believe the Company will benefit from Brad's contribution as Chief Financial Officer. We thank Ken Ashley for his years of excellent service to the Company and his help in the transition period." National R.V. Holdings, Inc. is one of the nation's leading manufacturers of Class A motorhomes. Through its National R.V. subsidiary, the Company designs, manufactures and markets Class A motorhomes and fifth-wheel travel trailers under brand names including Dolphin, Sea Breeze, Tropi-Cal, Tradewinds, Sea View and Surf Side. Through its Country Coach subsidiary, the Company designs, manufactures and markets high-end (Highline) Class A motorhomes and bus conversions under brand names including Concept, Affinity, Magna, Intrigue and Allure. The release and other statements by the Company contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, the cyclical nature of the recreational vehicle industry, seasonality and potential fluctuations in the Company's operating results; the Company's dependence on chassis suppliers; the integration by the Company of acquired businesses and management of growth; potential liabilities under repurchase agreements; competition; government regulation; product liability; dependence on key personnel; and dependence on certain dealers and concentration of dealers in certain regions. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or from the Company upon request.