Fleetwood Announces Two Management Changes; Carl Betcher Promoted to Senior Vice President and Vince Monza to Retire

9 November 2000

Fleetwood Announces Two Management Changes; Carl Betcher Promoted to Senior Vice President and Vince Monza to Retire

    RIVERSIDE, Calif.--Nov. 9, 2000--Fleetwood Enterprises announced today two changes in the company's senior RV Group management.
    Carl Betcher, formerly Vice President of the Travel Trailer Division has been promoted to Senior Vice President of the RV Group, a position that had been vacant. Betcher joined the company in 1973 as Assistant Controller -- Operations. He served as a travel trailer plant General Manager beginning in 1985 and as a manufacturing center General Manager in the Housing Group from 1992 until August 1997 when he assumed his leadership role in the Travel Trailer division. Betcher, a CPA, holds a BS degree in Accounting from California State University, Los Angeles.
    Vince Monza has left his position of Vice President, Motor Home Division after coming out of retirement earlier this year to apply his industry experience to the Motor Home Division's efforts. He helped refocus the division on critical goals and objectives such as cost reduction, improving dealer relationships, and priority product design improvements to be unveiled at the 38th annual national RVIA trade show November 28-30 in Louisville, Kentucky. He will be returning to Durango, Colorado with his wife Dianne.
    "We wish to congratulate Vince and thank him for his twenty years at Fleetwood. We are all grateful for what he has helped the Motor Home Division accomplish in the last few months and wish both he and his wife Dianne the best of health and a thoroughly happy retirement," said, Nelson W. Potter, President and Chief Operating Officer.
    "We are also delighted to announce Carl's new appointment. His 27-year record with Fleetwood has been highlighted by some remarkable operational improvement in profit centers for which he has been responsible," he continued.
    Fleetwood Enterprises, Inc. is the nation's leading manufacturer of recreational vehicles and a leading producer of manufactured housing. Fleetwood's recreational vehicle line includes motor homes, travel trailers, fifth wheels, truck campers and folding trailers. Fleetwood RV products are distributed through a nationwide network of 1,200 dealers. Established in 1950, Fleetwood operates 59 North American recreational vehicle and manufactured housing facilities employing over 18,000 associates. For more information on Fleetwood Enterprises, visit our website at www.fleetwood.com or call 1-800-444-4905.

    This press release contains certain forward-looking statements and information based on the beliefs of the Company's management as well as assumptions made by, and information currently available to, the Company's management. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties, and assumptions, including risk factors identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.