Fleetwood Taps Paccar For Chief Executive

Fleetwood Enterprises Inc. named Edward Caudill, an executive at truck maker Paccar Inc., as chief executive and president as the maker of recreational vehicles and mobile homes struggles with losses.

Caudill, 59, replaces interim CEO David Engelman, who took over after Nelson Potter resigned in February, Fleetwood said. Caudill’s appointment is effective in mid-August. The Riverside-based company’s shares have declined 60% since Potter’s departure.

Caudill had been a vice president at Bellevue, Wash.-based Paccar since 1996 and general manager of its Kenworth Truck unit since 1997.

Fleetwood shares fell 30 cents to $3.90 on the NYSE.