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EDEN PRAIRIE, Minn. - Winnebago Industries, Inc. (NYSE:WGO), currently trading near its 52-week low at $29.91 compared to its high of $65.65, announced Monday several key changes to its executive leadership team, creating new group leader roles effective September 1, 2025. According to InvestingPro analysis, the company appears undervalued despite facing recent challenges, with analysts projecting a return to profitability this year.
The outdoor recreation vehicle manufacturer, operating with $2.7 billion in revenue over the last twelve months, is organizing its business into three main groups: Marine, Motorized RV, and Towable RV. Jeff Haradine will lead the Marine Group as SVP while continuing as President of Barletta Boats, with oversight of the Chris-Craft business. Steve Heese will remain President of Chris-Craft and SVP of Power Systems.
In the Motorized RV Group, Casey Tubman will serve as Group President of Newmar and Winnebago Motorized, while also taking responsibility for corporate strategic planning. Chris West will continue leading Winnebago-brand Motorhomes and Specialty Vehicles.
Don Clark will remain Group President of the Towable RV Segment and President of Grand Design RV, overseeing Grand Design Towables, Grand Design Motorhomes, and Winnebago-brand Towables.
The company also announced that Ashis Bhattacharya, senior vice president of advanced technology, corporate ventures and engineering services, will retire effective October 3, 2025, after joining the company in 2016.
Additional leadership changes include Steve Speich assuming responsibility for advanced technology and engineering services, Amber Holm becoming SVP - Chief Marketing and Experience Officer with expanded customer service responsibilities, and Bryan Hughes taking on the role of SVP - Chief Financial Officer with added oversight of information technology and business development.
According to the press release statement, Winnebago Industries President and CEO Michael Happe said the changes are designed to "help us stay agile, support future growth and leverage the strong leadership talent we have across the company."
Winnebago Industries manufactures outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands.
In other recent news, Winnebago Industries has been in the spotlight due to several key developments. The company announced the resignation of board member Jacqueline D. Woods, effective immediately, following a change in her principal employment. In financial updates, Winnebago’s fiscal third-quarter results have been a focal point for analysts. KeyBanc Capital Markets noted that the company slightly exceeded expectations in adjusted earnings per share and revenue, although Winnebago significantly lowered its fiscal 2025 outlook.
Analyst firms have responded to these developments with adjustments to their price targets. BMO Capital lowered its price target for Winnebago from $50 to $42, maintaining an Outperform rating, following results that aligned with preliminary figures but included a cut to full-year guidance. Similarly, Benchmark reduced its price target from $60 to $42, citing soft demand, while keeping a Buy rating. KeyBanc also adjusted its price target from $37 to $34, maintaining an Overweight rating due to the weaker guidance issued by Winnebago. These adjustments reflect the ongoing challenges and expectations surrounding the company’s financial performance.
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