ELKHART, Ind.--(BUSINESS WIRE)--
Skyline Champion Corporation (NYSE:SKY) ("Skyline Champion"), announced
that Michael Berman has joined its board of directors, effective today
and will also serve as its Audit Committee chair. Mr. Berman brings over
30 years of combined experience in the real estate and financial
industries to Skyline Champion.
“We are extremely excited to have Michael join our board,” said Timothy
Bernlohr, Skyline Champion’s Chairman of the Board of Directors.
“Michael’s strong financial background in the real estate industry will
help drive Skyline Champion towards future growth.”
Mr. Berman served as Chief Financial Officer and Executive Vice
President of GGP since December of 2011 until he retired from the
company in 2018. He was responsible for GGP’s capital markets, finance,
accounting, tax, technology and external communications functions. GGP
was a member of Standard & Poor’s 500 stock index (“S&P 500”) and one of
the world’s largest real estate companies.
Prior to his role as CFO of GGP, Mr. Berman served as Executive Vice
President and Chief Financial Officer of Equity LifeStyle Properties
(“ELS”. His role with ELS, a leading owner and operator of manufactured
home communities, RV resorts and campgrounds in North America, will
bring additional industry experience, from a customer’s perspective, to
the Board of Skyline Champion.
Mr. Berman has been an associate professor at the New York University
Real Estate Institute and was in the investment banking department at
Merrill Lynch & Co. from 1989 until 2002. During his time at Merrill
Lynch he participated in numerous capital market and advisory
transactions including the initial public offerings of Equity
Residential Properties, Vornado, Inc. and Equity Office Properties, all
current or former members of the S&P 500.
Mr. Berman currently serves as chairman of the Audit Committee for
Brixmor Property Group, Inc. (BRX).
Mr. Berman holds a master’s of business administration from Columbia
University Graduate School of Business, a law degree from Boston
University School of Law and a bachelor’s degree in history from
Binghamton University in New York.
About Skyline Champion Corporation:
OUR COMPANY
Skyline Champion Corporation (NYSE:SKY) was formed in June of 2018 as
the result of the combination of Skyline Corporation and the operating
assets of Champion Enterprises Holdings, LLC. The combined company
employs more than 6,800 people and is the largest independent
factory-built housing company in North America. With more than 65 years
of homebuilding experience and 36 manufacturing facilities throughout
the United States and western Canada, Skyline Champion is well
positioned with a leading portfolio of manufactured and modular homes,
park-models and modular buildings for the multi-family, hospitality,
senior and workforce housing sectors.
In addition to its core home building business, Skyline Champion
operates a factory-direct retail business, Titan Factory Direct, with 21
retail locations spanning the southern United States, and Star Fleet
Trucking, providing transportation services to the manufactured housing
and other industries from 10 dispatch locations across the United States.
Skyline Champion builds homes under some of the most well know brand
names in the factory-built housing industry including Skyline Homes,
Champion Home Builders, Athens Park Models, Dutch Housing, Excel Homes,
Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan
Homes in the U.S. and Moduline and SRI Homes in western Canada.
Learn more about our products and services the following company brand
websites:
Manufactured and Modular Homes
www.championhomes.com
www.skylinehomes.com
Park Model RVs
www.athensparkmodelrvs.com
www.skylinepm.com
Modular Buildings
www.championcommercial.com
Retail Sales Centers
www.titanfactorydirect.com
Transportation Services
www.starfleettrucking.com
Forward-Looking Statements
Statements in this press release regarding the potential benefits
created by the transaction, including potential synergies, the future
strategy of Skyline Champion Corporation, and the future performance of
Skyline Champion Corporation are intended to be covered by the safe
harbor for "forward-looking statements" provided by the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements generally can be identified by use of words such as
"believe," "expect," "future," "anticipate," "intend," "plan,"
"foresee," "may," "should," "will," "estimates," "potential,"
"continue," or other similar words or phrases. Similarly, statements
that describe objectives, plans, or goals also are forward-looking
statements. Such forward-looking statements involve inherent risks and
uncertainties, many of which are difficult to predict and are generally
beyond the control of Skyline Champion Corporation. Skyline Champion
Corporation cautions readers that a number of important factors could
cause actual results to differ materially from those expressed in,
implied, or projected by such forward-looking statements. Risks and
uncertainties include, but are not limited to: Skyline Champion
Corporation's inability to realize the expected benefits from the
proposed transaction, general economic conditions; availability of
wholesale and retail financing; the health of the U.S. housing market as
a whole; federal, state, and local regulations pertaining to the
manufactured housing industry; the cyclical nature of the manufactured
housing industry; general or seasonal weather conditions affecting
sales; potential impact of natural disasters on sales and raw material
costs; potential periodic inventory adjustments by independent
retailers; interest rate levels; the impact of inflation; the impact of
high or rising fuel costs; the cost of labor and raw materials;
competitive pressures on pricing and promotional costs; Skyline Champion
Corporation 's relationships with its shareholders, customers, and other
stakeholders; catastrophic events impacting insurance costs; the
availability of insurance coverage for various risks to Skyline Champion
Corporation; market demographics; and management's ability to attract
and retain executive officers and key personnel and other risks and
uncertainties more fully described in Skyline's definitive proxy
statement for the special meeting of Skyline shareholders to consider
matters related to the transactions between Skyline and Champion , as
filed with the Securities and Exchange Commission (“SEC”), as well as
the other filings that Skyline Champion Corporation makes with the SEC.
Investors and stockholders are also urged to read the risk factors set
forth in the proxy statement carefully.
If any of these risks or uncertainties materializes or if any of the
assumptions underlying such forward-looking statements proves to be
incorrect, the developments and future events concerning Skyline
Champion Corporation set forth in this press release may differ
materially from those expressed or implied by these forward-looking
statements. You are cautioned not to place undue reliance on these
statements, which speak only as of the date of this document. We
anticipate that subsequent events and developments will cause our
expectations and beliefs to change. Skyline Champion Corporation assumes
no obligation to update such forward-looking statements to reflect
events or circumstances after the date of this document or to reflect
the occurrence of unanticipated events, unless obligated to do so under
the federal securities laws.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181115005622/en/
Investors:
Laurie Hough
Email: investorrelations@championhomes.com
Phone:
(248) 614-8211
Source: Skyline Champion Corporation