Winnebago Industries Inc. announced today (Aug. 6) that Randy Potts has retired as chairman, CEO and president of the company, effective immediately.
Lead Independent Director Larry Erickson stated in a press release, “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 noted, “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.”
Winnebago’s board 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, Olson served in various management positions with Winnebago, 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 during this period of transition,” the release stated.
Winnebago’s board will form a search committee led by 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.”