Champion Homes, Inc. has named Dave McKinstray as its Executive Vice President, Chief Financial Officer and Treasurer, with the transition taking effect on January 12, 2026. The appointment follows a comprehensive search and replaces Laurie Hough, who will retire after more than two decades with the company and will remain in a transitional role through May 31, 2026.
McKinstray brings 18 years of finance leadership, most recently serving as Senior Vice President and CFO of WK Kellogg. In that role he built the financial infrastructure of a newly independent public company and led margin‑enhancement initiatives that lifted operating margins by more than 3 percentage points. His experience in consumer products and manufacturing aligns closely with Champion Homes’ strategy of integrating production, retail and financing to capture value in the affordable‑housing market.
Champion Homes’ recent financial results underscore the importance of strong financial stewardship. In the first quarter of fiscal 2026, the company reported revenue of $701.3 million, up 11.7 % year‑over‑year, and net income of $64.7 million, a 41.3 % increase. Gross margin expansion was driven by higher average selling prices and a favorable product mix, while operating leverage from scale helped offset modest input cost increases. McKinstray will oversee the next cycle of reporting and help sustain this momentum.
CEO Tim Larson said, “Dave is a dynamic and strategic CFO with a record of delivering in complex environments and partnering closely with business leaders to drive growth and execution. He offers a unique combination of strategic insight, operational rigor and consumer focus, and I am confident he is well‑suited to help drive Champion Homes’ growth and performance across all our stakeholders.”
McKinstray’s compensation package includes a $600,000 base salary, a target annual cash bonus of 125 % of base (maximum 250 %), and a target long‑term incentive award of 225 % of base starting in fiscal year 2027. He will also receive a one‑time sign‑on restricted stock unit award valued at $650,000. Laurie Hough will receive a severance package of $556,000.
The appointment positions Champion Homes to reinforce its financial discipline while pursuing expansion in manufacturing, retail and financing operations. McKinstray’s track record in building robust financial systems and driving margin improvement will support the company’s focus on affordable housing, where pricing power and cost control are critical to sustaining profitability.
With a strong financial foundation and a seasoned CFO at the helm, Champion Homes is well positioned to continue delivering growth and value to its stakeholders while navigating the competitive landscape of the North American manufactured‑home market.
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