RV Industry veteran Thomas G. Faludy has been named to the board of directors of Jayco Inc. The announcement was made today (Nov. 19) by Wilbur Bontrager, Jayco chairman and CEO.
Faludy, who has more than 30 years of RV industry experience, is currently chairman of the board of LMS Inc. He recently completed a 30-year career with Scott Fetzer Co., where he rose from the ranks as head of sales and marketing for the Carefree of Colorado division, to become president of that division. He subsequently moved to the Scott Fetzer corporate office where he most recently served as executive vice president, with responsibility for 10 operating divisions, plus mergers and acquisitions.
During his career, Faludy has served as a member of the executive committee of the board of directors of the Recreation Vehicle Industry Association (RVIA). He was a founder and the first chairman of the RV industry’s Go RVing marketing campaign. The highly successful and widely recognized Go RVing program funds a massive market expansion program through national advertising campaigns, promoting the benefits of RVing. He was inducted into the RV Hall of Fame in 2006 and was named one of the 100 Most Influential Executives in the 100 Year History of the RV Industry by RVBusiness magazine.
“Tom Faludy brings exceptional senior management experience and RV industry knowledge to Jayco,” Bontrager said in making the announcement. “He is a leader and strategic thinker who can assist us in many aspects of our operations, including a unique understanding of both the supplier and dealer perspective of our business. We are eager to have his advice and council as a member of the board.”
LMS Inc., the corporate parent of Cal Spas, OC Hot Tubs, Cal Flame, Cal Heat, Cal Designs and Cal Patio, announced Monday (Aug. 16) the appointment of board member Tom Faludy as chairman of the board.
“Tom brings exceptional leadership and senior management experience to LMS Inc.,” Casey Loyd, president of LMS Inc., said in a news release. “He recently completed a highly successful 30-year career with The Scott Fetzer Co., which is a subsidiary of Berkshire Hathaway, where he rose from the ranks as head of sales and marketing for a division, to its president with subsequent promotions to the corporate office. He was responsible for overseeing as many as 10 companies and was ultimately promoted to executive vice president of the corporation, with additional responsibilities for mergers and acquisitions.”
Faludy has extensive experience with LMS Inc., having served on its board of directors for the past 14 years. In addition to his experience with LMS, Faludy has received numerous honors from the Scott Fetzer Co. for growth in revenues and earnings. Faludy has also been awarded several patents for his product innovations and has received the industry’s highest recognition while president of Carefree of Colorado, a leading manufacturer and supplier of electro-mechanical products in the RV and marine industries.
“It’s truly gratifying to take on a bigger role within a business I love and have helped nurture over the past 14 years,” said Faludy. “LMS Inc. has a passionate owner, exciting products, world-class manufacturing campus, committed team, renowned and respected brands, plus powerful marketing channels anchored by our LMS Inc. specialty dealer network. What an awesome mix of success factors; I’m thrilled to be a part of it all.”
Beyond his position as the executive committee of the Recreation Vehicle Industry Association (RVIA) board of directors, Faludy was founder and chairman of the Go RVing Coalition. This highly successful coalition pooled resources from all industry sectors to fund a massive market expansion program through a highly acclaimed national advertising campaign, promoting the benefits of RVing.
Faludy was inducted into the RV Hall of Fame in 2006 and was named as one of the 100 Most Influential Executives in the 100 Year History of the RV Industry by RVBusiness magazine. It’s rumored that Faludy may be considering a return to a more direct role in the RV industry at some point in the near future.
“Tom’s previous position as senior vice president of Camping World, which is the nation’s largest retailer and installer of RV accessories, really cements the dealer’s perspective into our business,” said Loyd. “His broad background over the past seven years, managing companies ranging in products from air compressors to welding equipment in diverse markets, will bring LMS Inc. a host of ideal practices that will help us become an ever more valuable partner to our dealers.”
Beyond guiding the strategic direction of LMS Inc., Faludy will focus on initiatives on the drivers and values that have been the essence of his business success: growth through product innovation and new product categories, strong customer and supplier relationships, fair, responsible and responsive policies, exceptional service and development.
LMS Inc. is the corporate parent of Cal Spas, OC Hottubs, Cal Flame, Cal Heat, Cal Designs, Cal Patio and now Coleman Spas. LMS started nearly 30 years ago as a material handling and manufacturing component supplier. In 1995, LMS purchased Cal Spas with a greater vision of creating a family of outdoor products that would transform any backyard or garden into a destination for relaxation, enjoyment and entertainment. The resulting brands, collectively known as the Cal Spas brand family, have earned worldwide recognition and have transformed LMS into one of the largest manufacturers of home resort products. LMS is a privately held company with holdings in real estate, intellectual property, manufacturing and aviation.
It was a year ago this week when Casey Loyd, president of spa-maker LMS Inc. in Pomona, Calif, sat down with executives from Coleman over coffee and made a proposal he was really sure would hold water, according to the San Gabriel Valley Tribune.
What if, he said, Coleman, which for more than 100 years has built up a camping-supply empire, would attach its names to spas that his 30-year-old company made?
Lo and behold, Coleman liked the idea.
On Tuesday (April 20), Loyd’s proposal started bearing fruit, as his Pomona-based, 1-million-square-foot manufacturing plant churned out Coleman hot tubs.
“This is truly a winning combination,” he told an audience of about 100 spa dealers from around the country and from Canada, who came to an open house at LMS’ Cal Spas plant in Pomona.
And consumers, even in a sluggish economy, are ready for it, he said, adding that there’s pent-up demand among people ready to invest in their homes’ backyards.
“We think the big investment that consumers are going to make — besides their home — is in their backyard,” he said.
Coleman agreed. And if consumers do, the licensing agreement with the camping-supply titan could mean the creation of 250 jobs over the next 12 to 18 months, Loyd said.
The spas, complete with features that include an iPod dock, speakers and energy efficient “smart” technology, will carry the Coleman brand name and will ultimately be distributed worldwide, Loyd said.
Dealers and LMS distributor Poolcorp representatives said Coleman’s entry into the spa marketplace will be a boon for the industry. The company has felt the hit from a recession that began in a housing market that was vital for the spa business.
Most people really don’t know what the brand of their spa is, many observers said. But with Coleman in the picture, that changes.
“It brings out that name recognition to the industry,” said Jim Dale, president of Pelican Pool Supply, based in Quakertown, Penn.
And frankly, he added, “(The industry) could use a little shove here and there.”
If that shove comes, Loyd said it will also be a boon for manufacturing in California – a sector he still has seemingly boundless faith in.
“You just have got to have the will … and if there’s a will, there’s a way,” he said.