Winnebago Industries announces executive leadership changes and the retirement of Ashis Bhattacharya to enhance growth and agility.
Quiver AI Summary
Winnebago Industries, Inc. has announced significant changes to its executive leadership team, including the establishment of new group leader roles and the enhancement of functional leader responsibilities, effective September 1, 2025. These changes aim to strengthen the company's position in the premium outdoor recreation market and support future growth, as emphasized by President and CEO Michael Happe. Notably, Ashis Bhattacharya, currently senior vice president of advanced technology, corporate ventures, and engineering services, will retire on October 3, 2025, after contributing to the company's growth since 2016. Other key appointments include Jeff Haradine as SVP for the Marine Group, Casey Tubman as Group President for the Motorized RV Group, and Don Clark remaining as Group President for the Towable RV Group. Additionally, new leadership roles have been assigned to Steve Speich, Amber Holm, and Bryan Hughes to further drive innovation and marketing initiatives within the company.
Potential Positives
- The creation of new group leader roles signifies a strategic restructuring aimed at enhancing leadership and supporting future growth within the company.
- The leadership changes reflect a commitment to agility and responsiveness in the premium outdoor recreation market, indicating a proactive approach to business adaptation.
- The appointment of Amber Holm as SVP – Chief Marketing and Experience Officer to lead a new customer service center demonstrates a focus on improving customer service and aftermarket business strategy.
- Ashis Bhattacharya's retirement acknowledges his significant contributions to the company, highlighting its recognition of essential leadership roles and a culture that values employee dedication and impact.
Potential Negatives
- Leadership changes, including the retirement of a senior executive, may indicate instability or transitions that could disrupt organizational continuity and strategic initiatives.
- Concerns could arise regarding the ability of the new leadership structure to effectively drive growth and maintain performance across the distinct business units.
- The need for restructuring and creation of new roles might suggest that the company is facing challenges in adapting to market demands or competition in the outdoor recreation industry.
FAQ
What leadership changes did Winnebago Industries announce?
Winnebago Industries announced new group leader roles and enhanced responsibilities for functional leaders, effective September 1, 2025.
Who is retiring from Winnebago Industries?
Ashis Bhattacharya, Senior Vice President of advanced technology and engineering services, is set to retire on October 3, 2025.
What is the purpose of the leadership changes?
The leadership changes aim to enhance agility, support future growth, and leverage leadership talent across the company.
Who will lead the Marine Group?
Jeff Haradine has been appointed as SVP - Marine and President of Barletta Boats, overseeing the marine segment's growth.
What is Winnebago's commitment to sustainability?
Winnebago Industries is committed to advancing sustainable innovation and leveraging vertical integration in key component areas.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WGO Insider Trading Activity
$WGO insiders have traded $WGO stock on the open market 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $WGO stock by insiders over the last 6 months:
- DAVID W MILES purchased 4,341 shares for an estimated $150,545
- KEVIN E. BRYANT purchased 4,200 shares for an estimated $143,304
- JACQUELINE D. WOODS sold 1,503 shares for an estimated $66,612
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WGO Hedge Fund Activity
We have seen 125 institutional investors add shares of $WGO stock to their portfolio, and 149 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST TRUST ADVISORS LP removed 1,624,961 shares (-98.9%) from their portfolio in Q1 2025, for an estimated $55,996,156
- CAPITAL WORLD INVESTORS added 850,825 shares (+inf%) to their portfolio in Q1 2025, for an estimated $29,319,429
- JPMORGAN CHASE & CO removed 615,663 shares (-72.2%) from their portfolio in Q1 2025, for an estimated $21,215,746
- WELLS FARGO & COMPANY/MN added 402,266 shares (+804.9%) to their portfolio in Q1 2025, for an estimated $13,862,086
- J. GOLDMAN & CO LP removed 377,141 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $12,996,278
- AMERIPRISE FINANCIAL INC added 357,285 shares (+252.3%) to their portfolio in Q1 2025, for an estimated $12,312,041
- RWWM, INC. added 289,644 shares (+inf%) to their portfolio in Q2 2025, for an estimated $8,399,676
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$WGO Analyst Ratings
Wall Street analysts have issued reports on $WGO in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Benchmark issued a "Buy" rating on 06/30/2025
- BMO Capital issued a "Outperform" rating on 06/26/2025
- Truist Securities issued a "Buy" rating on 06/26/2025
- Keybanc issued a "Overweight" rating on 06/26/2025
- Citigroup issued a "Buy" rating on 06/26/2025
To track analyst ratings and price targets for $WGO, check out Quiver Quantitative's $WGO forecast page.
$WGO Price Targets
Multiple analysts have issued price targets for $WGO recently. We have seen 9 analysts offer price targets for $WGO in the last 6 months, with a median target of $36.0.
Here are some recent targets:
- Michael Albanese from Benchmark set a target price of $42.0 on 06/30/2025
- Scott Stember from Roth Capital set a target price of $30.0 on 06/26/2025
- Tristan Thomas-Martin from BMO Capital set a target price of $42.0 on 06/26/2025
- Michael Swartz from Truist Securities set a target price of $36.0 on 06/26/2025
- Noah Zatzkin from Keybanc set a target price of $34.0 on 06/26/2025
- James Hardiman from Citigroup set a target price of $33.0 on 06/26/2025
- Craig Kennison from Baird set a target price of $35.0 on 06/26/2025
Full Release
Group Business Leaders Established; Functional Leaders Responsibilities Enhanced
Ashis Bhattacharya to Retire
EDEN PRAIRIE, Minn., Aug. 11, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO) today announced several key changes to its executive leadership team, including newly created group leader roles. The announcement comes as the company continues to take strategic actions that further enhance its position as the trusted leader in the premium outdoor recreation market and drive its next phase of growth.
“These changes are designed to help us stay agile, support future growth and leverage the strong leadership talent we have across the company,” said Winnebago Industries President and CEO, Michael Happe. “Most importantly, they’re about continuing to serve our customers, supporting our employees and delivering value to our shareholders.”
The following strategic senior executive changes are effective September 1, 2025:
- Marine Group : Jeff Haradine will now be SVP - Marine; President- Barletta Boats. Haradine will continue to lead the Barletta pontoon business day-to-day as its president and now provide oversight of the Chris-Craft business and work with company leadership to drive additional growth in the marine segment. Steve Heese will remain President - Chris Craft, and SVP - Power Systems and provide continued oversight to the Lithionics business. Heese will remain on the executive leadership team, reporting to Haradine. Chris-Craft is not a subsidiary of Barletta Boats and will remain its own distinct business unit within this group.
- Motorized RV Group : Casey Tubman will now be Group President – Newmar and Winnebago Motorized, with added responsibility for corporate strategic planning. Winnebago-brand Motorhomes and Specialty Vehicles will continue to be led by its president, Chris West who remains on the executive leadership team, reporting to Tubman, and retains responsibility for leading the revitalization of the Winnebago-brand motorized business. Winnebago Motorhomes is not a subsidiary of Newmar and will remain its own distinct business unit within this group.
-
Towable RV Group
: As announced last year,
Don Clark
will remain Group President – Towable RV Segment; President – Grand Design RV. Clark continues to oversee Grand Design Towables, the rapidly emerging Grand Design Motorhomes business, and Winnebago-brand Towables. As noted previously, Winnebago Towables is not a subsidiary of Grand Design RV and will remain its own distinct business unit within this group.
In addition, Ashis Bhattacharya , senior vice president of advanced technology, corporate ventures and engineering services, will retire, effective October 3, 2025. Bhattacharya joined Winnebago Industries in 2016 and has been instrumental in the company’s evolution from a single brand motorhome company to a portfolio of premium outdoor recreation brands.
“Ashis was one of the first key hires I made when coming to Winnebago Industries and since then has made a lasting, positive impact on almost every aspect of our company through his dedication to a customer-first approach,” said Happe. “I want to express my deep appreciation for his work and unwavering commitment to our mission. His legacy will be felt here for many years.”
To ensure continuity and momentum, the following additional leadership changes will take effect September 1, 2025:
- Steve Speich , SVP – Enterprise Operations and Product Technology , will assume responsibility for advanced technology and engineering services in addition to his manufacturing/supply chain oversight.
- Amber Holm will become SVP – Chief Marketing and Experience Officer , leading a new customer service center of excellence in addition to her enterprise marketing responsibilities. Holm will also have the charge of building a stronger aftermarket business strategy for the enterprise.
-
Bryan Hughes
will take on the role of
SVP – Chief Financial Officer, Investor Relations, Information Technology and Business Development
. Hughes will oversee IT and will lead the corporate venture capital program.
Sri Koneru
, chief information officer, will report to Bryan and remains on the ELT. He will continue to advance our critical IT infrastructure and investments.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota, and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net .
Media Contact: Katlyn Beniek [email protected]