Winnebago Industries appointed Mike Pack to its board, enhancing leadership with his financial and manufacturing expertise.
Quiver AI Summary
Winnebago Industries, Inc. announced the appointment of Mike Pack, an executive from Oshkosh Corporation, to its board of directors as of January 8, 2025. David Miles, board chair, expressed confidence that Pack's financial and management skills will aid Winnebago in achieving its goals. Pack, who has been with Oshkosh since 2006 and held various senior roles, including CFO, will serve on the Audit Committee and the Technology and Innovation Committee. This appointment follows the retirement of Richard Moss, who was on the board for seven years. Michael Happe, CEO of Winnebago, welcomed Pack, highlighting his strong leadership and commitment to enhancing outdoor experiences for customers.
Potential Positives
- Appointment of Mike Pack, a senior executive with significant manufacturing and financial experience, strengthens Winnebago Industries' board of directors.
- Pack's expertise from Oshkosh Corporation, particularly in innovative vehicles and equipment, aligns with Winnebago's focus on advancing outdoor recreation products.
- Pack's ability to contribute to the Audit Committee and Technology and Innovation Committee indicates a strategic focus on financial oversight and technological advancement.
- The leadership transition acknowledges past contributions from retiring board member Richard Moss, while promoting continuity and fresh insights with new leadership.
Potential Negatives
- The appointment of Mike Pack to the board may raise concerns regarding continuity and stability, particularly following the retirement of a long-serving board member, Richard Moss, which might indicate potential shifts in strategic direction.
- Pack's background primarily in the vocational segment of Oshkosh Corporation may not fully align with the specific demands and challenges of the outdoor recreation industry, potentially leading to a mismatch in leadership vision.
- There is a notable lack of mention regarding any competitive dynamics or challenges that Winnebago Industries is currently facing, which could suggest a lack of transparency in addressing potential risks to investors and stakeholders.
FAQ
Who was appointed to Winnebago Industries' board of directors?
Mike Pack, a senior executive at Oshkosh Corporation, was appointed to the board on January 8, 2025.
What is Mike Pack's role at Oshkosh Corporation?
Mike Pack is the executive vice president and president of the Vocational segment at Oshkosh Corporation.
What committees will Mike Pack serve on at Winnebago Industries?
Mike Pack will serve on the Audit Committee and Technology and Innovation Committee.
Why is Mike Pack's appointment significant for Winnebago Industries?
His financial and management expertise will help advance Winnebago's goals in outdoor recreation.
Who did Mike Pack replace on the board of directors?
Mike Pack replaces Richard Moss, who retired from the board in December 2024.
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 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $WGO stock by insiders over the last 6 months:
- BRET A WOODSON (SVP-HUMAN RESOURCES) sold 12,187 shares.
- MICHAEL J HAPPE (PRESIDENT & CEO) purchased 2,500 shares.
- WILLIAM C. FISHER purchased 2,000 shares.
- STACY L BOGART (SVP-GENERAL COUNSEL) sold 3,333 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WGO Hedge Fund Activity
We have seen 122 institutional investors add shares of $WGO stock to their portfolio, and 121 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PUNCH CARD MANAGEMENT L.P. removed 585,093 shares (-58.7%) from their portfolio in Q3 2024
- BROAD PEAK INVESTMENT ADVISERS PTE LTD removed 300,195 shares (-34.2%) from their portfolio in Q3 2024
- FIRST TRUST ADVISORS LP added 268,629 shares (+29.8%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC added 265,717 shares (+126.2%) to their portfolio in Q3 2024
- PACER ADVISORS, INC. removed 234,736 shares (-16.4%) from their portfolio in Q3 2024
- EDGESTREAM PARTNERS, L.P. removed 179,119 shares (-100.0%) from their portfolio in Q3 2024
- JPMORGAN CHASE & CO added 173,274 shares (+25.4%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
EDEN PRAIRIE, Minn., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of outdoor recreation products, today announced the appointment of Mike Pack, a senior executive for Oshkosh Corporation, to its board of directors, effective January 8, 2025.
“Winnebago Industries is committed to continuing to be the trusted leader in outdoor recreation and Mike’s financial and management skillsets, as well as his manufacturing industry expertise, will be invaluable in helping the company achieve its goals,” said David Miles, Winnebago Industries’ board chair. “We welcome Mike to the board and look forward to his guidance and strategic insights in the years to come.”
Pack is an executive vice president at Oshkosh, a global industrial technology company focused on innovating purpose-built vehicles and equipment, where he serves as president of the company’s Vocational segment. In this role, he is responsible for leading all aspects of the segment, which includes Pierce fire trucks, McNeilus refuse and recycling vehicles, and Oshkosh AeroTech airport ground support equipment and jet bridges among other vocational business lines.
Pack has been with Oshkosh Corporation since 2006. During his tenure, he has served as Executive Vice President and Chief Financial Officer and held various domestic and international assignments of increasing responsibility across the organization. Prior to joining Oshkosh Corporation, he was a senior audit manager at Grant Thornton LLP. Pack earned a bachelor’s degree in business administration from the University of Wisconsin-Madison and is a certified public accountant.
“I am thrilled to join the Winnebago Industries board of directors,” said Pack. “Winnebago Industries includes some of the most iconic brands in the outdoor recreation industry, and I am excited to play a part in advancing the company’s short- and long-term objectives.”
Pack will serve on the Audit Committee and Technology and Innovation Committee of the Winnebago Industries board.
“Mike is a tremendous addition to the board, bringing strong executive leadership and experience to bear,” said Michael Happe, Winnebago Industries’ president and chief executive officer. “I know he embraces our purpose of elevating every moment outdoors and will help bring that ideal to our many customers and stakeholders.”
Pack’s appointment follows the retirement of Richard Moss in December 2024. Moss served on the Winnebago Industries’ board of director for seven years. Kevin Bryant, who has served on the company’s board since 2021, has been appointed to succeed Moss as chair of the Audit Committee.
“On behalf of the board of directors and all of us at Winnebago Industries, we offer our thanks to Rick for his many contributions to our business,” said Happe. “We have benefited tremendously from the rich business perspectives he has brought to the board.”
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation 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
.
Contacts
Investors: Ray Posadas [email protected]
Media: Daniel Sullivan [email protected]