Joseph H. Stegmayer is the CEO and Chairman of Cavco Industries, Inc., a company specializing in factory-built homes. He has been leading Cavco since June 2003 after its spin-off from Centex Corporation, where he was also a key executive. With...
Joseph H. Stegmayer is the CEO and Chairman of Cavco Industries, Inc., a company specializing in factory-built homes. He has been leading Cavco since June 2003 after its spin-off from Centex Corporation, where he was also a key executive. With over 25 years in the manufactured housing sector, he understands the industry like few others. Under his guidance, Cavco has navigated through tough times, including a housing downturn, and has made significant acquisitions. He is actively involved in various major subsidiaries of the company and has a solid track record of balancing company growth with shareholder interests. His total compensation in 2019 was around $4.4 million, reflecting a strong link between his pay and the company's performance. Interestingly, he owns nearly 706,378 shares of Cavco stock, which represents about 7.9% of the company, showing his personal investment in the company's success. Stegmayer connects well with employees, vendors, and customers, which is crucial in maintaining the company’s reputation and relationships in this competitive market.