Cavalier Homes (CAV) Appoints Interim President/CEO

August 18, 2008 7:58 AM EDT
Cavalier Homes, Inc. (AMEX: CAV) today announced that Bobby Tesney, a current director of the Company, has been appointed interim President and CEO, succeeding David Roberson, who voluntarily resigned as President, CEO and Director of the Company effective as of August 15, 2008. Barry Mixon, a Division President of the Company at the time of his retirement on December 31, 2007, has agreed to return to the Company as Executive VP.

The Company's Board of Directors will engage in a search for a permanent President and CEO and, as part of such search, will identify and evaluate President and CEO candidates from within and outside the Company.

Cavalier Homes, Inc., together with its subsidiaries, engages in the production, sale, and financing of manufactured homes.

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