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Old 12-22-2015, 07:04 PM   #1
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Default Winnebago getting new president

http://wcfcourier.com/business/local...50cc8d680.html

Should be interesting to see which way he takes them.
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Old 12-22-2015, 07:32 PM   #2
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Again? About the 3rd one this year isn't it?

I think they are getting on the road to a bigger presence away from Forest City. One reason being they've burned though all the local semi skilled manpower
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Old 12-22-2015, 07:37 PM   #3
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All I gather from this is they didn't have much of a transition plan from Potts. They had an interm CEO while they looked for this new guy. The interm CEO is moving to Chairman and sticking around.

So I don't see this as any big turmoil or issue at WGO. Just a matter of events when old guys retire. What shareholders might want to concern themselves with is what does the rest of the board and the senior management look like? Bunch of old geezers, or is the median age give some breathing room before the next management shake-up/
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Old 12-22-2015, 09:21 PM   #4
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Quote:
Originally Posted by wincrasher View Post
Just a matter of events when old guys retire. What shareholders might want to concern themselves with is what does the rest of the board and the senior management look like? Bunch of old geezers, or is the median age give some breathing room before the next management shake-up/
Depends on what you call "old".

Before new CEO, the old Board's average age (with Erickson) was about 62. youngest on board is 53, but 2 were older than Erickson, who is 67. So there will be more changes on Board, assuming a couple take retirement soon.

Management team average age, excluding Erickson, is about 49; range is from 42 to 60.

What would be interesting is who makes up product development.
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Old 12-22-2015, 09:24 PM   #5
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New guy is also not an RV person. He comes from Toro after close to 20 years there IIRC. Should bring an different perspective.
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Old 12-22-2015, 09:24 PM   #6
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I agree wincrasher. Made the comment because the workforce can get a little "confused" when there's no clear direction from a constant leadership....
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Old 12-22-2015, 09:26 PM   #7
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Quote:
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New guy is also not an RV person. He comes from Toro after close to years there IIRC. Should bring an different perspective.
New outside the industry leadership was sure good for Ford about 6-8 years ago
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Old 12-22-2015, 10:08 PM   #8
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New guy was overheard... "these motorhomes are nice and all, but they can't cut grass fer ****!"
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Old 12-22-2015, 10:21 PM   #9
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New guy was overheard... "these motorhomes are nice and all, but they can't cut grass fer ****!"
LOL!!

Maybe it is just an option at first, along with the choice of a snow blower ( the all new "Winterized" Travato!)
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Old 12-22-2015, 10:26 PM   #10
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It looks like they may be getting serious about expansion of the business with that hint of moving corporate to the Twin Cities.
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