THOR INDUSTRIES ANNOUNCES RESIGNATION OF LEIGH TIFFIN FROM TIFFIN MOTORHOMES - TIFFIN FAMILY TO REMAIN ACTIVELY ENGAGED

Rhea-AI Summary

THOR Industries (NYSE: THO) announced that Leigh Tiffin resigned as President of Tiffin Motorhomes, effective immediately, on February 11, 2026. The release states the Tiffin family will remain actively engaged, with founder Bob Tiffin staying involved and Van Tiffin continuing as Senior Advisor of Manufacturing.

Jayco, led by President Ken Walters, will assist Tiffin leadership during the transition. Management said operations show strong order momentum and no anticipated disruption to customers or production.

Positive

• Tiffin family remains actively engaged in operations
• Van Tiffin continues as Senior Advisor of Manufacturing
• Jayco to assist Tiffin leadership for continuity
• Company reports strong order momentum and dealer support

Negative

• Leigh Tiffin resigned as President effective immediately
• Leadership transition pending additional leadership announcements

News Market Reaction

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+1.04% News Effect

On the day this news was published, THO gained 1.04%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ELKHART, Ind., Feb. 11, 2026 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO) today announced that Leigh Tiffin has resigned from his role as President of Tiffin Motorhomes, effective immediately.

Tiffin Motorhomes, headquartered in Red Bay, Alabama, has a deeply engrained and long-standing commitment to craftsmanship, customer service, and innovation that has defined the Tiffin brand for decades. The company emphasized that the Tiffin family will remain actively engaged in the business, ensuring continuity of the culture, values, and product philosophy that customers associate with the brand. Those characteristics will continue to define the Tiffin brand from Red Bay going forward.

Leigh Tiffin, grandson of founder Bob Tiffin, will depart the company to pursue an important personal career opportunity focused on continued leadership and professional growth.

"After a great deal of thought, I've decided to step away from my role at Tiffin to pursue a personal opportunity that is important to me," said Leigh Tiffin. "This decision was not easy, because Tiffin Motorhomes is not just a company to me — it's family, legacy, and a team of people I deeply respect. I'm incredibly proud of what we've accomplished and especially proud of the way Tiffin has grown stronger since our acquisition by THOR Industries. THOR has allowed Tiffin to maintain its own brand identity and culture, while empowering the organization through THOR's balance sheet and resources, including its people who have extensive industry experience and expertise. I truly believe the future is incredibly bright for Tiffin, and I'll always be cheering for the team and the brand."

Bob Tiffin, founder of Tiffin Motorhomes, will remain actively involved with the company, continuing his long-standing role and providing guidance to leadership and the organization.

"Leigh has done outstanding work leading this business and carrying the Tiffin name forward with pride," said Bob Tiffin, founder of Tiffin Motorhomes. "I'm thankful for his dedication and the impact he's had on this company and our people. I'm also thankful for THOR's partnership and the support they've provided. THOR has helped empower Tiffin to be a better company while allowing us to stay true to who we are. That kind of partnership means a lot to me. I remain deeply committed to this company and its people, and I'm confident that Tiffin's best days are still ahead."

Additionally, Van Tiffin will continue in his role as Senior Advisor of Manufacturing, where he plays a critical role in ensuring the high-quality craftsmanship by which Tiffin is known.

Bob Martin, President and Chief Executive Officer of THOR Industries, thanked Leigh for his service and reaffirmed THOR's commitment to the Tiffin brand and the continued involvement of the Tiffin family.

"On behalf of everyone at THOR Industries, I want to thank Leigh for his leadership and service to Tiffin Motorhomes," said Bob Martin, President and CEO of THOR Industries. "Leigh has played an important role in the recent success of the Tiffin brand, and we wish him all the best in his next chapter. The Tiffin brand will continue to benefit from strong Tiffin family influence through Bob Tiffin, who remains actively engaged, and through Van Tiffin, whose leadership at the company continues to define the quality, innovation, and customer focus that have made Tiffin one of the most respected names in the industry."

During the transition period, Jayco, led by its President Ken Walters, will assist the leadership team at Tiffin Motorhomes to support continued operational momentum, leadership continuity, and strategic execution. 

"Tiffin Motorhomes continues to operate with strong order momentum and dealer support, and we do not anticipate any disruption to customers or production," Martin concluded.

Additional leadership updates will be announced at a later date.

About THOR Industries, Inc.

THOR Industries is the sole owner of operating companies which, combined, represent the world's largest manufacturer of recreational vehicles.

For more information on the Company and its products, please go to www.thorindustries.com.

Forward-Looking Statements

This release includes certain statements that are "forward-looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based on management's current expectations and beliefs regarding future and anticipated developments and their effects upon THOR, and inherently involve uncertainties and risks. These forward-looking statements are not a guarantee of future performance. We cannot assure you that actual results will not differ materially from our expectations. Factors which could cause materially different results include, among others: the impact of inflation on the cost of our products as well as on general consumer demand; the effect of raw material and commodity price fluctuations, including the impact of tariffs, and/or raw material, commodity or chassis supply constraints; the impact of war, military conflict, terrorism and/or cyber-attacks, including state-sponsored or ransom attacks; the impact of sudden or significant adverse changes in the cost and/or availability of energy or fuel, including those caused by geopolitical events, on our costs of operation, on raw material prices, on our suppliers, on our independent dealers or on retail customers; the dependence on a small group of suppliers for certain components used in production, including chassis; interest rates and interest rate fluctuations and their potential impact on the general economy and, specifically, on our independent dealers and consumers and our profitability; the ability to ramp production up or down quickly in response to rapid changes in demand or market share while also managing associated costs, including labor-related costs and production capacity costs; the level and magnitude of warranty and recall claims incurred; the ability of our suppliers to financially support any defects in their products; the financial health of our independent dealers and their ability to successfully manage through various economic conditions; legislative, trade, regulatory and tax law and/or policy developments including their potential impact on our independent dealers, retail customers or on our suppliers; the costs of compliance with governmental regulation; the impact of an adverse outcome or conclusion related to current or future litigation or regulatory audits or investigations; public perception of and the costs related to environmental, social and governance matters; legal and compliance issues including those that may arise in conjunction with recently completed transactions; the ability to realize anticipated benefits of strategic realignments or other reorganizational actions; the level of consumer confidence and the level of discretionary consumer spending; the impact of exchange rate fluctuations; restrictive lending practices which could negatively impact our independent dealers and/or retail consumers; management changes; the success of new and existing products and services; the ability to maintain strong brands and develop innovative products that meet consumer demands; changes in consumer preferences; the risks associated with acquisitions, including: the pace and successful closing of an acquisition, the integration and financial impact thereof, the level of achievement of anticipated operating synergies from acquisitions, the potential for unknown or understated liabilities related to acquisitions, the potential loss of existing customers of acquisitions and our ability to retain key management personnel of acquired companies; a shortage of necessary personnel for production and increasing labor costs and related employee benefits to attract and retain production personnel in times of high demand; the loss or reduction of sales to key independent dealers, and stocking level decisions of our independent dealers; disruption of the delivery of units to independent dealers or the disruption of delivery of raw materials, including chassis, to our facilities; increasing costs for freight and transportation; the ability to protect our information technology systems, including confidential and personal information, from data breaches, cyber-attacks and/or network disruptions; asset impairment charges; competition; the impact of losses under repurchase agreements; the impact of the strength of the U.S. dollar on international demand for products priced in U.S. dollars; general economic, market, public health and political conditions in the various countries in which our products are produced and/or sold; the impact of adverse weather conditions and/or weather-related events; the impact of changing emissions and other related climate change regulations in the various jurisdictions in which our products are produced, used and/or sold; changes to our investment and capital allocation strategies or other facets of our strategic plan; and changes in market liquidity conditions, credit ratings and other factors that may impact our access to future funding and the cost of debt.

These and other risks and uncertainties are discussed more fully in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2025 and in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2025.

We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any change in our expectations after the date hereof or any change in events, conditions or circumstances on which any statement is based, except as required by law.

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SOURCE Thor Industries, Inc.

FAQ

Why did Leigh Tiffin resign as President of Tiffin Motorhomes (THO) on February 11, 2026?

He resigned to pursue an important personal career opportunity. According to the company, Leigh said the decision followed careful thought and is intended for his continued leadership and professional growth while remaining supportive of Tiffin.

Will the Tiffin family remain involved with Tiffin Motorhomes after Leigh Tiffin's departure (THO)?

Yes. According to the company, the Tiffin family will remain actively engaged in the business, with founder Bob Tiffin providing guidance and Van Tiffin continuing in a senior manufacturing advisory role.

How will THOR Industries (THO) support Tiffin Motorhomes during the leadership transition?

THOR said Jayco, led by President Ken Walters, will assist Tiffin leadership to maintain operational momentum. According to the company, this support aims to ensure leadership continuity and strategic execution during the transition.

Does THOR (THO) expect production or customer disruption after the February 11, 2026 leadership change?

No disruption is anticipated. According to the company, Tiffin Motorhomes continues to operate with strong order momentum and dealer support, and management does not expect impacts to customers or production.

Will THOR Industries announce additional leadership updates for Tiffin Motorhomes (THO)?

Yes. According to the company, additional leadership updates will be announced at a later date, indicating that a formal successor or further transition plans will be communicated in the future.