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Industry Vet Tom Faludy Joins Jayco’s Board

November 19, 2010 by · Leave a Comment 

Tom Faludy

Tom Faludy

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.”

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Warren Buffett Remains No. 2 on Forbes List

September 23, 2010 by · Leave a Comment 

Warren Buffett

Warren Buffett

Warren Buffett, CEO of  Berkshire Hathaway Inc., a major stakeholder in the RV industry, retained the No. 2 spot on the Forbes list of richest Americans.

Bill Gates retained his top spot on the list with $54 billion, followed by Buffett with $45 billion, according to a Forbes news release.

Bershire Hathaway’s RV holdings are Forest River Inc. and the Scott Fetzer Co., parent of RV industry supplier Carefree of Colorado.

This year’s Forbes 400 reflects an uptick in wealth among America’s 400 Richest, with a total combined wealth of $1.37 trillion. In contrast to 2009, wealth was up for some 217 members of this year’s list while only 85 members saw a decline. Gainers include Facebook founder Mark Zuckerberg (No. 35), whose wealth increased 245%, the largest percentage increase of anyone on the list, and Diane Hendricks (No. 170), one of the 42 women on this year’s list.

Among the decliners are M&M moguls John, Jacqueline and Forrest Mars (No. 26), who keep a low profile in Wyoming. Sixty-four Richest had no change in net worth, including Washington Redskins owner Dan Snyder (No. 365). The Forbes 400 welcomed 16 new members in 2010, including two with ties to Facebook: Dustin Moskovitz (No. 290), (he left Facebook in 2008 but still has a stake in the social networking outfit and is now worth $1.4 billion) who at 26 is the new youngest on the list (he’s 8 days younger than Zuckerberg); and Facebook co-founder Eduardo Saverin (No. 356) with $1.15 billion. Sidney Kimmel (No. 365), who earned his fortune in the apparel business and then became a film producer, is one of the 18 returnees to the list.

RANK NAME WEALTH SOURCE $ CHANGE FROM 2009

  1. Bill Gates $54 billion, Microsoft + $4 billion
  2. Warren Buffett $45 billion, Berkshire Hathaway + $5 billion
  3. Lawrence Ellison $27 billion, Oracle $0
  4. Christy Walton & family $24 billion, Wal-Mart + $2.5 billion
  5. Charles Koch $21.5 billion, manufacturing, energy + $5.5 billion
  6. David Koch $21.5 billion, Mmanufacturing, energy +$5.5 billion
  7. Jim C. Walton $20.1 billion, Wal-Mart + $ 500 million
  8. Alice Walton $20 billion, Wal-Mart + $ 700 million
  9. S. Robson Walton $19.7 billion, Wal-Mart + $ 700 million
  10. Michael Bloomberg $18 billion, Bloomberg LP + $ 500 million
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