Zeman Homes, the Chicago-headquartered owner-operator of manufactured home communities, has promoted Executive Vice President Michael Bailey to CEO. Bailey will replace interim CEO Jeff Fannon, who returns to his previous post as vice chairman.
Prior to joining Zeman Homes last June, Bailey spent over a decade with Equity Lifestyle Properties, most recently as a senior vice president charged with overseeing the company’s property acquisition strategy. Previous to that, he was an investment advisor with Nye Commercial Advisors.
“We are thrilled to expand Michael’s role at Zeman Homes, including a greater emphasis on managing overall operations and major corporate decision making,” said Ed Zeman, the company’s chairman. “Equally, he will continue to tap into his past experience in executing growth strategies in the manufactured home industry, whether that’s through acquisitions, strategic partnerships, and internal growth initiatives.”
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