Cavco Industries Appoints Lisa L. Daniels to Board to Strengthen Governance

Cavco Industries, a leading U.S. manufacturer of factory-built housing products, announced the appointment of Lisa L. Daniels as an independent director on its Board, effective October 27, 2025. Daniels brings over 35 years of experience from KPMG LLP, where she held senior leadership roles including Vice Chair of Growth and Strategy. Her extensive expertise spans audit, tax, advisory services, and strategic growth initiatives, particularly within financial, regulatory, and technology risk management domains.

With this appointment, Cavco’s Board now comprises eight directors, including seven independents, enhancing the company's governance framework. Daniels will contribute to the Audit Committee and the Corporate Governance and Nominating Committee, supporting oversight functions critical for regulatory compliance and risk management.

Cavco is a significant player in the U.S. manufactured and modular home market, delivering products through a network of independent and company-owned retailers. Its portfolio also includes park model RVs, vacation cabins, and factory-built commercial structures. The company operates finance and insurance subsidiaries providing mortgage lending services and property and casualty insurance tailored to manufactured homeowners.

Daniels' background as a certified public accountant and a qualified SEC audit committee financial expert complements Cavco’s focus on strong governance, strategy, and regulatory compliance. Her leadership record in navigating complex market dynamics and scaling growth strategies aligns with Cavco’s ongoing business objectives.

This board strengthening move comes amid a complex regulatory and market environment impacting the manufactured housing industry. Robust audit, governance, and risk oversight are critical as Cavco manages market demand, financing availability, raw material costs, and compliance with evolving regulations.

The appointment signals Cavco's commitment to enhancing corporate governance and leveraging executive expertise to support its growth and resilience in the housing market. Market participants should monitor how board-level expertise influences Cavco's strategic execution and risk management practices moving forward.