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Winnebago Industries Announces Retirement of Chairman, CEO and President

winnebagoFOREST CITY, IOWA – Winnebago Industries, Inc. announced today that Randy Potts has retired as chairman of the board and as CEO and president of the Company, effective August 6, 2015.

Lead Independent Director Larry Erickson commented, “We are deeply grateful to Randy for his 32 years of service at Winnebago, where as CEO and president he guided the Company through challenging economic times, as well as a successful recovery. Today the Company is well positioned both financially and operationally. After having extensive discussions with Randy, we collectively agreed that this is the appropriate time for new leadership. We wish him the best in his retirement.”

Randy Potts commented, “I would like to thank the Company’s employees, shareholders, dealers and suppliers for the trust and support they have given to me during my tenure at Winnebago. Winnebago is a great company and I have the utmost confidence in the ability of the organization to evolve and capitalize on future market opportunities.”

The Company’s board of directors has named former chairman and CEO Robert Olson, age 64, to serve as interim CEO while the board conducts a search for the Company’s next CEO. Prior to his role as chairman and CEO, Mr. Olson served in various management positions with the Company, including general manager of fabrication, vice president of manufacturing and senior vice president of operations; in 2007 the board elected him president. With over 45 years of experience with Winnebago, his knowledge of the Company and the market will be of great value to the Company during this period of transition.

Winnebago’s board will form a search committee led by Larry Erickson to evaluate internal and external candidates and retain an executive search firm to assist it in finding the next CEO.

Erickson concluded, “We welcome Bob in his return to serve as interim CEO and believe his extensive experience with Winnebago and its operations will successfully lead us through this transition.”

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I’ve heard about a big time theft going on over there. They supposedly know who was doing it. Can’t remember if I heard his name mentioned or not..

Someone isn’t telling us something, You just don’t say, hey, I am going to retire, effective today.

@John-Reading between the lines I would say “Forced Retirement”.

The way it reads to me is he either retired or the board was going to ask him to step down. Don’t know how old he is but must be worth a lot of money.

quitter

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