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Cavco appoints long-time board member as permanent president, CEO

Angela Gonzales
Cavco appoints long-time board member as permanent president, CEO

Cavco Industries Inc. — which is under investigation by the U.S. Securities and Exchange Commission — has named a long-time board member as its new president and CEO. William Boor resigned as chairman of Phoenix-based Cavco (Nasdaq: CVCO) board to take over as president and CEO, replacing Daniel Urness, a long-time executive who was promoted to president and acting CEO last year when the company was subpoened by the SEC. Boor, 52, also resigned as chairman of the audit committee, chairman of the compensation committee and as a member of the corporate governance and nominating committee, according to an 8-K filed with the SEC.