Ron Fleming appointed permanent CEO of Lazydays RV

TAMPA - Lazydays Holdings, Inc. (NASDAQCM:GORV) announced Wednesday that Ron Fleming has been appointed Chief Executive Officer, removing his interim status after serving in the temporary role since September 2024. According to InvestingPro data, Fleming takes the helm at a challenging time, with the company facing profitability headwinds and short-term liquidity concerns.

Fleming, who has been a member of the company’s Board of Directors since taking the interim position, brings over 40 years of RV industry experience to the permanent role. He previously worked at Lazydays from 2013 to 2023, rising from General Manager of the Tampa flagship dealership to Senior Vice President of Operations.

Robert DeVincenzi, Chairman of the Board, cited Fleming’s implementation of an operational turnaround plan and execution of transactions aimed at stabilizing the business as key accomplishments during his interim leadership.

"While there remains work to be done, Lazydays has a strong foundation and a dedicated team, and I am confident in our ability to return the Company to its leadership position," Fleming said in the press release statement.

Fleming was part of the senior leadership team that guided Lazydays through its public listing in 2018. The company, founded in 1976, operates as a recreational vehicle retailer offering sales, service and accessories.

Lazydays trades on the Nasdaq stock exchange under the ticker symbol "GORV."

In other recent news, Lazydays Holdings, Inc. reported a narrower first-quarter loss, with revenue surpassing analyst expectations. The company posted a net loss of $9.5 million, or $0.09 per share, compared to a $22.0 million loss in the same period last year. Revenue reached $165.8 million, a decline from $270.1 million year-over-year, but still above what analysts had projected. Lazydays completed the divestiture of five dealership locations, which contributed to a reduction in debt by approximately $145 million.

Additionally, Lazydays executed amendments and waivers with its credit facility lender syndicate led by M&T Bank and its mortgage lender, Coliseum Capital Management. This allowed the company to retain about $14 million from recent divestitures and repay $15 million in non-floorplan debt, reducing its total non-floorplan indebtedness to approximately $44 million. The company also announced the appointment of Kyle Richter as Chief Administrative Officer, effective May 14, 2025, while two directors, Jordan Gnat and Suzanne Tager, resigned from the Board. Their departures were not due to disagreements with the company’s operations, policies, or practices. These developments are part of Lazydays’ ongoing strategy to enhance liquidity and advance its turnaround plan.

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