– USA, TX – Legacy Housing Corporation (NASDAQ: LEGH) today announced the appointment of Duncan Bates as President and CEO, effective June 7, 2022, replacing Kenny Shipley, who will remain as Founder and EVP and a Board member.
“I am thrilled to name Duncan as the President and CEO of Legacy. He brings a wealth of knowledge and experience in corporate finance and capital allocation that will assist us in operating as a public company and strategically growing our business. Duncan has a proven track record of leadership and is an important step in Legacy’s succession plan.” said Executive Chairman, Curt Hodgson.
Mr. Bates resigned from the Board effective June 7, 2022.
The company also announced the appointment of Francisco Coll to its Board as an Independent Director. He will also join the Audit Committee.
About Duncan Bates
Duncan Bates most recently served as SVP, Mergers & Acquisitions of Arcosa Inc., a publicly-traded infrastructure products company, since August 2018. Under his leadership, Arcosa executed 16 acquisitions and 2 divestitures in a 3.5-year period to reposition its portfolio around growth-oriented, high-margin products. Previously, he served as VP in the Industrials Investment Banking Group at Stephens Inc. from June 2015 to August 2018. From February 2012 to June 2015, he worked in the Energy Investment Banking Group at Seaport Global Securities, LLC. Mr. Bates began his career in New York at Willis Re Inc. in July 2010.
Duncan received his B.S. Management degree with a double major in Finance and Legal Studies from Tulane University.
About Francisco Coll
Francisco Coll has served as the President of Universal Air Conditioner, Inc., a wholesale distributor of aftermarket auto parts, since March 2015. Previously, he was the US Head of Sales for BTG Pactual, a Brazilian investment bank and asset manager that operates throughout Latin America, from March 2011 until March 2015. Mr. Coll began his career at UBS Investment Bank in the sales & trading and wealth management rotational program in July 2007.
Francisco Coll received his B.S. degree in East Asian Studies with a minor in Financial Economics from Vanderbilt University.
About Legacy Housing Corporation
Legacy Housing Corporation builds, sells, and finances manufactured homes and “tiny houses” that are distributed through a network of independent retailers and company-owned stores. The Company also sells directly to manufactured housing communities. Legacy is the sixth-largest producer of manufactured homes in the United States as ranked by the number of homes manufactured based on the information available from the Manufactured Housing Institute. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 390 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms. Our homes range in price, at retail, from approximately $22,000 to $140,000.
For more information: https://legacyhousingcorp.com
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