Lazydays Holdings Inc., which specializes in sales and service of recreational vehicles, RV rentals, parts and accessories, announced that William P. Murnane is stepping down as chairman and CEO.
Robert DeVincenzi, currently lead independent director of the Lazydays Board, will assume the role of Interim CEO on January 1, 2022. Christopher Shackelton, a current director on the Board, has been named Chairman of the Board effective December 23, 2021.
Murnane notified the Board of his decision to resign as Chairman effective December 22, 2021, and as CEO effective March 16, 2022. At the Board’s election, and consistent with the terms of Murnane’s employment, the Board accelerated the CEO transition date to January 1, 2022.
Shackelton said, “On behalf of the Board of Directors, I thank Bill for his many important contributions over the past five years as CEO and the past 12 years as Board Chairman. Bill has overseen the company’s national expansion while building on our strong relationships with OEM partners and growing our loyal and passionate customer base. We wish him all the best in the future.”
DeVincenzi said, “I am honored to take on the role of Interim CEO and have every confidence that this will be a seamless transition for all our stakeholders. Lazydays has some of the most dedicated employees in the industry. As the Board conducts a CEO search process, I look forward to working closely with them and the entire Lazydays leadership team to execute on our growth strategy and uphold our reputation as ‘The RV authority.’”
DeVincenzi added, “As part of the transition, the Board intends to conduct a full review of the company’s capital allocation framework. With our strong balance sheet and high levels of cash flow generation, coupled with the growing interest in the RV lifestyle, we are excited about the many opportunities to create value for our employees, partners and shareholders.”
