ELKHART, Ind. – Forest River, Inc. today announced that co-CEO David Wright will be retiring in April. Wright had led the Bus & Van division with dedication and leadership for 22 years, building it into the country’s leading manufacturer of buses and vans for both the private and public sectors, before assuming the role of co-CEO with Doug Gaeddert.

Wright’s decision to retire is deeply personal, following the recent passing of his longtime friend, mentor, and Forest River founder, Pete Liegl. Having executed the near-term transitional strategy, he determined the timing is right to step away from the day-to-day responsibilities.

“It has been the greatest honor of my career to be part of this incredible company and to
work alongside the most talented and selfless team in the industry,” said Wright. “Forest
River’s leadership remains exceptionally strong, with a deep bench of individuals who are
more than qualified to continue driving our success. The foundation we’ve built ensures that Forest River’s legacy will only grow stronger.”

Wright’s departure marks the next evolution for Forest River’s senior management team since the passing of Pete Liegl in November 2024. Updates include the following:

– Co-CEO Doug Gaeddert, who previously led the Recreational Vehicle division for
25+ years, assumes the role of sole CEO.

– Darrel Ritchie, who started with Forest River in 2002, continues in his role as Chief
Financial Officer.

– Douglas A. Wright, previously the General Manager, Bus & Van, moves to the role of
Group General Manager, reporting to Doug Gaeddert. Doug brings experience,
operational expertise and a tremendous familiarity with all aspects of the organization.

“I’m sad to see my good friend and uniquely gifted colleague David Wright retire, but I
certainly understand and respect his decision,” said Doug Gaeddert. “Working alongside Pete together like we did for all those years, and accomplishing so much in that time has been an incredible experience. I’m grateful for what David built, including the strong management team that he leaves in place.”

Forest River extends its deepest gratitude to David for his years of dedicated service and
contributions to the company’s success. While he will be greatly missed on a daily basis, his impact on Forest River’s culture and operations will endure for years to come.

About Forest River, Inc.
Founded in 1996 by Pete Liegl, Forest River, Inc. has evolved into North America’s largest
manufacturer of recreational vehicles, cargo trailers, pontoon boats, and commercial vehicles including buses, vans, and trucks. Its portfolio includes market share leaders in every category, and it is the country’s leading manufacturer of buses and vans for both the private and public sectors. Based in Elkhart, Indiana, Forest River employs 14,000+ employees in 100+ facilities in more than a half dozen states. With a commitment to excellence and a focus on customer satisfaction, Forest River is proud to be a Berkshire Hathaway company.

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AUBURN, Calif. – InterMotive Vehicle Controls announced today a significant leadership change. Owners Greg and Linda Schafer have decided to step down from their President and CEO positions, passing the baton to current Senior Vice President Carl Wacker, who will assume the role of President effective January 1, 2025.

The Schafers founded InterMotive 28 years ago, guiding the company through substantial growth and success. Their decision to step down from their day-to-day roles marks the end of an era, but also the beginning of a new chapter both in InterMotive’s history and their own. The Schafers will be devoting attention to their family foundation and housing project geared toward people with intellectual disabilities, Lighthouse Living Foundation.

“Our goal is to build a 40-unit apartment community for adults with developmental disabilities in Reno, Nevada,” says Linda Schafer. “There’s a great need for communities like this across the country and currently there is nothing like it in the greater Reno area.”

Greg Schafer reminisces about InterMotive’s humble beginnings. “We started the company in our garage. I’m so proud of how it has evolved. Both Linda and I have full confidence in Carl and believe he is the right person to lead InterMotive into the future.”

Carl Wacker brings a wealth of automotive experience and a proven track record of success to his new role. Only a year at InterMotive and Wacker has demonstrated his skills in driving strategic initiatives and enhancing operational efficiency. His vision for the future aligns well with InterMotive’s values and long-term goals.

“I am deeply honored to take the wheel as President of InterMotive,” says Wacker. “Building on the strong foundation laid by Greg and Linda, we will continue to innovate, grow and deliver exceptional value to our customers.”

As part of the transition, Greg Schafer will adopt the CEO position and remain involved for support and guidance as Wacker takes on his new role. Both Greg and Linda will remain on InterMotive’s Board of Directors.

InterMotive Enterprises: is the parent company of InterMotive Vehicle Controls and LGS Group. InterMotive provides commercial safety and performance optimization products. Our plug and play electronic control systems leverage a vehicle’s own data networks to enhance its functions in new ways. We specialize in custom solutions for work truck, transit and paratransit, law enforcement, ambulance, fire truck, school bus, RV and personal-use mobility industries. To learn more, call 800-969-6080 or visit www.intermotive.net.

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