Peter B. Orthwein is the co-founder of Thor Industries, Inc., a major player in the recreational vehicle industry. He has been involved with the company since its beginning in 1980 and served as Chairman and CEO from 2009 to 2019....
Peter B. Orthwein is the co-founder of Thor Industries, Inc., a major player in the recreational vehicle industry. He has been involved with the company since its beginning in 1980 and served as Chairman and CEO from 2009 to 2019. Peter's leadership has helped Thor become one of the largest manufacturers of RVs in North America. He shifted the company’s compensation structure to focus on performance, tying executive pay to pre-tax profits. This model aligns with how Thor operates, focusing on value for shareholders and sustainable growth. In his last reported year as CEO in 2013, he took home nearly $1.99 million, mostly from stock vesting linked directly to the company’s profitability, highlighting his investment in the company’s success. Interestingly, Peter significantly increased his personal stakes in the company, with insider trading values fluctuating dramatically — peaking over $133 million in 2021. Although he retired as Executive Chairman in 2019, he still serves as a board member, ensuring his vision continues. Overall, Peter’s deep involvement with Thor lays a strong foundation for the company’s ongoing success.