Goshen News, Goshen, IN

Local News

February 14, 2013

Jason Lippert to lead Drew Industries

GOSHEN — Drew Industries Inc. of White Plains, N.Y., has appointed Jason Lippert of Goshen chairman and chief executive officer.

Lippert will replace Fred Zinn, who will retire May 10. Lippert is now chairman and CEO of Lippert Components and Kinro based in Goshen and has also been serving as a director on the Drew Industries board. The company said Lippert will continue with these duties in addition to his new duties.

Drew will also relocate its corporate headquarters from White Plains to the Lippert and Kinro corporate headquarters.

Drew supplies components for RVs, manufactured homes, modular housing, truck caps, buses, and trailers. The company has 30 factories located throughout the United States,

In addition to the leadership change, Drew announced other changes in its executive team.

Scott Mereness has been appointed president and chief operating officer of Drew effective May 10. Mereness will continue to serve as president of Lippert and Kinro, as he has since 2010.

Leigh J. Abrams, chairman of the board of Drew, praised Zinn’s leadership. “Fred has been Drew’s CEO through very challenging times, including the ‘Great Recession,’ and he has helped guide our strong growth that followed. In the past four years, Drew has generated over $200 million in operating cash flow, enabling the company to complete 13 acquisitions, pay nearly $80 million in special dividends to stockholders, and still close 2012 with no debt. The board is grateful for the substantial contributions Fred has made to Drew for more than 30 years, first as CFO and then during his distinguished tenure as CEO and a director.”

Abrams also expects the new leadership team to continue that success.

“This carefully conceived leadership transition brings Jason Lippert and Scott Mereness to Drew’s top executive positions,” Abrams said. “Both these executives are highly experienced, and they have the vision, energy and ability to lead the company through its next phase of growth.”  

Lippert said, “We will continue our strategic initiatives to enhance Drew’s cash flow and profitability. We intend to accomplish this by providing the highest quality products and superior service, both to our existing customers, and to new customers in the adjacent markets we have been developing in accordance with our ongoing strategic planning process. We have always provided our customers with products that add value and offer innovative solutions to their business needs. It is essential that we maintain our outstanding reputation among both our customers and the investment community.”

Joseph S. Giordano III, chief financial officer and treasurer of Drew since 2008, will relocate to Indiana and continue to serve in those capacities. “For the past decade, Joe has played a crucial role in our success,” said Abrams, “and we are delighted that we can continue to rely on his broad knowledge and experience.”   

Also, Harvey F. Milman, general counsel will retire July 31. He will be succeeded by Robert A. Kuhns, a partner with Dorsey & Whitney, Minneapolis.

As a result of Drew’s leadership transition and corporate relocation, the company will record a pre-tax charge of approximately $3.3 million, including $1.5 million in the fourth quarter of 2012, and the balance in the first and second quarters of 2013, related to contractual obligations for severance and the acceleration of equity awards. According to the company, after the transition the company will save an estimated $2 million annually in general and administrative costs.

1
Text Only
Local News
  • GN140821 Pike Street Project 2 INDOT meeting held to discuss Pike Street project GOSHEN — Major changes may be on the way for a small section of Pike Street in downtown Goshen.

    August 20, 2014 2 Photos

  • 0821 goshen college challenge Locals embrace ice bucket challenge It’s a challenge that has united participants with the shared sensation of an icy burst of water, sopping wet clothing and video evidence — all in the name of philanthropy.

    August 20, 2014 1 Photo

  • GN140821 nisly complaint Complaint filed against state rep candidate Accusations of wrongdoing, in the form of a complaint to the Indiana Election Commission, have been levied against District 22 representative Republican nominee Curt Nisly.

    August 20, 2014 1 Photo

  • GN140820 dometic groundbreaking Dometic breaks ground on significant expansion in Goshen GOSHEN — As Dometic officials gathered for a groundbreaking ceremony for the $7 million expansion of their Goshen distribution center Wednesday, the work was already underway in the background. “It’s happening right now,” said Dave Schutz, vice presi

    August 20, 2014 1 Photo

  • GN140821 Ignition art Plenty of good music on horizon at Ignition Several upcoming shows at Ignition Garage in Goshen were announced this week.

    August 20, 2014 1 Photo

  • City plan nearing a final draft GOSHEN — The city’s new comprehensive plan is nearing completion, and a near-final draft has now been released for public review. Goshen Plan Commission members released the draft of the city’s newly penned comprehensive plan, titled “Uncommonly Grea

    August 19, 2014

  • GN140820 Hakws building Hotel, brew pub plans progressing GOSHEN — Plans for a new boutique hotel and brew pub at the historic Hawks building in downtown Goshen continue to move ahead steadily.

    August 19, 2014 1 Photo

  • GN140820 nappanee awards 031.jpg Nappanee mayor honors 'Spirited' youth NAPPANEE — Two Elkhart County 4-H’ers were honored by their hometown mayor during Monday’s city council meeting. Receiving the Community Spirit Award and a key to the city were Lane Flowers and Sarah Stump. Mayor Larry Thompson recognized Flowers, a

    August 19, 2014 1 Photo

  • arlo.jpg SLIDESHOW: Pets of the Week Cats and dogs are looking for loving permanent homes at the Humane Society of Elkhart County.

    August 19, 2014 1 Photo

  • Nappanee Town Hall 02 Pay increases, gas part of Nappanee's 4% proposed budget increase NAPPANEE — Two percent pay increases and an increase in gasoline spending contributed toward a 4 percent increase in the proposed 2015 city budget. Council members approved the proposed budget on first reading Monday night. As it stands, the total of

    August 19, 2014 1 Photo

Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Poll

Three Goshen elementary schools — Chandler, Chamberlain and West Goshen — are providing free meals to all students during the school year as part of the U.S. Department of Agriculture’s Community Eligibility Provision of the Healthy Hunger-Free Kids Act of 2010. Nearly 80 percent of students at Chandler, 89 percent of students at Chamberlain and 78 percent of students at West Goshen already qualify for free or reduced-price lunches based on their family income. How do you feel about the new lunch program?

I think it’s a good idea to feed all the students free of charge
I think those who can afford it should pay for their school meals
I think all students should be required to pay for their school meals
     View Results
AP Video
Raw: Grief After Deadly Airstrikes in Gaza Officer Who Pointed Gun at Protesters Suspended Kathy Griffin Challenges Minaj to 'a Booty Off' Johnson: Six Arrests, No Tear Gas in Ferguson Raw: Rescue, Relief Efforts at Japan Landslide Cadavers, a Teen, and a Medical School Dream Raw: Woman Escorted From Ferguson Protests California Drought Stings Honeybees, Beekeepers Officer Who Pointed Gun at Protesters Suspended Holder Hopes to Bring Calm to Ferguson US Mission to Rescue Hostages in Syria Failed Manfred, Torre and MLB Take Ice Bucket Challenge Bank of America Reaches Record $17B Settlement Holder Reassures Ferguson Community With Visit GlobalPost CEO Remembers Foley As a Brave Man