Champion Homes Appoints Michael Haack to Board

Champion Homes announced the appointment of Michael Haack as an independent director to its board of directors on May 23, 2024. Haack currently serves as the chief executive officer of Eagle Materials, a publicly traded company that manufactures and distributes construction materials. His addition to the Champion Homes board is intended to leverage his extensive experience in manufacturing operations and mergers and acquisitions (M&A) to support the company's strategic growth initiatives. Champion Homes is a significant player in the manufactured housing industry, designing, manufacturing, and selling factory-built homes through a network of company-owned retail stores and independent retailers across the United States. The company's product portfolio includes a range of single-section and multi-section manufactured homes, catering to various market segments and price points. The appointment of Haack signifies Champion Homes' commitment to strengthening its leadership team with individuals possessing deep industry knowledge and a proven track record in operational excellence and corporate development. Eagle Materials, Haack's current employer, is a diversified manufacturer of construction materials, including cement, aggregates, and concrete. The company's operations span multiple states, and it plays a crucial role in supplying materials for infrastructure projects and residential and commercial construction. Haack's leadership at Eagle Materials has been characterized by a focus on operational efficiency, strategic acquisitions, and market expansion. His expertise in navigating the complexities of the manufacturing sector and identifying opportunities for inorganic growth is expected to be a valuable asset to Champion Homes as it seeks to enhance its market position and explore new avenues for expansion. The manufactured housing industry is subject to various economic factors, including interest rates, housing demand, and regulatory environments. Companies within this sector often benefit from leadership that can provide strategic guidance on navigating these challenges and capitalizing on emerging opportunities. Haack's background in managing a large-scale manufacturing and distribution business provides a relevant foundation for contributing to Champion Homes' strategic planning and operational oversight. The addition of an independent director like Haack also aligns with corporate governance best practices, bringing an objective perspective to board discussions and decision-making processes. His role will involve participating in board meetings, contributing to committee work, and providing guidance on key strategic decisions related to the company's operations, financial performance, and long-term vision. The appointment is effective immediately, and Haack will serve on the board alongside other existing directors who bring diverse expertise in areas such as finance, real estate, and consumer products.