Goshen News, Goshen, IN

Business

April 6, 2012

Supreme Industries president resigns

GOSHEN — THE GOSHEN NEWS

Kim Korth has resigned as president, director and chief executive officer of Supreme Industries.

Korth was made interim president and CEO of the company in February 2011 and took on the job full time in September 2011.

In a statement from the company, Korth said she will be focusing her efforts on IRN Inc., her consulting company, which works with companies in the vehicle and transportation industry.

Supreme is in that industry, manufacturing truck bodies, commercial vehicles, shuttle buses and armored vehicles.

Matthew Long, the company’s chief financial officer, treasurer and assistant secretary, will become acting CEO.

Herbert Gardner, chairman of the board, said, “The board sincerely appreciates Ms. Korth’s leadership through a challenging transition period, and recognizes her many significant accomplishments. The board wishes her well.”

during Korth’s brief stint in the leadership position, the company returned to profitability after hitting rough spots during the recession and post-recession slowdown. The company had $3.4 million in income in 2011 after suffering a $6.7 million loss in 2010.

Also, the company has embarked on a facility renovation effort. The Goshen City Council approved a tax abatement for a $7.3 million expansion and renovation plan for the company. Those improvements may add 350 jobs to the company’s payroll.

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