Camping World Announces Executive Management Realignment

Camping World Holdings Inc. said Roger Nuttall had resigned from his position as president of the company’s dealership group and his responsibilities will be divided up between Marcus Lemonis, chairman and CEO, and four tenured Divisional RV presidents with extensive experience in the RV industry.

The four are: TJ Smith, Scott Jensen, Todd Nuttall and Josh Erickson. In an effort to streamline the decision making process and improve performance, Nuttall resigned on December 21 and his exit was first noted in a regulatory filing on that date.

In other moves, Matt Wagner has been appointed senior vice president of RV Inventory Management, Digital Marketing, Media Services and RV Dealership E-commerce; Brock Whinnery has been elevated to vice president of Fixed Operations for the RV dealership group; and Randy Rahe will serve as a vice president of RV Dealership Operations and will assist the Divisional RV Presidents with process and standardization, finance and insurance, and customer and associate experience.

Finally, the company announced the appointment of Thomas Wolfe to president of Good Sam and Melvin Flanigan to chief financial officer. Wolfe had been CFO.

As president of Good Sam, Wolfe will focus on continuing to enhance the growth and development of the Consumer Services and Plans segment as well as improving the overall value and customer experience for its more than two million Good Sam Club members. Wolfe and Flanigan will work together to ensure a seamless transition of the CFO role. Flanigan will be supported in his role by Dale Hendrix, Karin Bell, and David McKillip, who lead the financial roles for the corporate functions and Consumer Services and Plans segment, RV dealership segment, and Retail segment, respectively.

Flanigan previously served as the executive vice president, finance and chief financial officer of DTS Inc. (“DTS”), a leader in high-definition and wireless audio, licensing branded intellectual property to entertainment technology markets worldwide, from September 2003 to December 2016. Prior to that, he served as the vice president and chief financial officer of DTS from July 1999. From March 1996 to July 1999, he served as chief financial officer and vice president, operations at SensArray Corporation, a supplier of thermal measurement products for semiconductor, LCD, and memory-disk fabrication processes. Flanigan led SensArray’s manufacturing and finance efforts. Prior to joining SensArray, Flanigan was Corporate Controller for Megatest Corporation, a manufacturer of automatic test equipment for logic and memory chips, where he was involved in international mergers and acquisitions activities. Flanigan has also previously held positions at Cooperative Solutions, Inc., a software developer in the client server transaction processing market, Hewlett-Packard company, a provider of information technology infrastructure, personal computing and access devices, global services, and imaging and printing, and Price Waterhouse LLP (now PricewaterhouseCoopers LLP). Flanigan received an M.B.A. and a B.S. in Accounting from Santa Clara University.

Marcus Lemonis stated, “Over the years, we have created a unique business model that combines a comprehensive portfolio of high-margin recurring products and services, known as Good Sam, with a database of more than 4.5 million active customers combined with a RV dealership and RV and outdoor retail platform that requires evolution and constant improvement. Our 2019 focus will be to better serve our customers, associates and shareholders while continuing to expand our RV market share with opportunistic RV acquisitions and completing the rollout of RV dealerships into newly opened retail locations. We will also have an intense focus on dramatically reducing our retail inventory levels and aggressively reducing capital expenditures to maximize and drive free cash flow. As previously indicated, we will not hesitate to close underperforming locations, and we have recently closed four unprofitable RV dealership locations in addition to eight retail locations that we felt would not be accretive long term.”

Lemonis added, “The organizational changes we have made and are announcing today should streamline our team and bring a new and heightened focus on inventory management, expense control, product margins, cash flow and asset deployment.”

On September 27, 2018, Brent Moody was named president of the company.

According to Lemonis, “Brent oversees all operations and plays an invaluable role in the management and growth of the business, with great vision for the company’s future. For over 16 years, he has built an impressive track record of strategic, operational and financial accomplishments. He has proven to be a great partner in growing the company, and I trust his leadership and vision.”

Camping World Holdings, headquartered in Lincolnshire, IL, is the leading outdoor and camping retailer, offering an extensive assortment of recreational vehicles for sale, RV and camping gear, RV maintenance and repair, other outdoor and active sports products and the industry’s broadest and deepest range of services, protection plans, products and resources. Camping World has more than 145 RV centric locations in 36 states and an e-commerce platform.

Coupled with a portfolio of industry-leading brands including Erehwon Mountain Outfitters, Gander Outdoors, Good Sam, Overton’s, The House, Rock/Creek Outfitters, Uncle Dan’s and Windward/W82, Camping World Holdings is focused on outdoor experiences.

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