Matt Miller retiring as CEO of Newmar

[tims5842]

Having been through multiple corporate transitions in my professional career, this absolutely doesn't surprise me. Very common for the current CEO to have some level of hold-over agreement to help with a transition while the new owners dig deeper under the covers than diligence allows before the sale (think anti-trust restrictions against competitive companies and outcome if sale falls through with too much detail provided). Also likely that many of the other senior leaders have some incentive program to stay for a period of time past the CEO. That said, there are many mergers that happen in this industry and others where the acquired company is still run as a fully independent entity while the parent looks for areas of optimization around supply chain and back office without impacting the core of the business. What will happen is anyone's guess at this point, but this is a promo for Brian and the last thing he will want to do is screw up a solid brand in his first CEO opportunity. Maybe his first area of focus will be improving delivery quality!

 

[MapNerd]

For us it means, branding and significant changes commence. Hopefully it will be for the better.

that’s a good one

I think this is long overdue, and a good thing. Changes are needed at Newmar.

 

[MapNerd]

I feel like when something like this happens, the company should be forced to rebrand because we all know then product is about to take a nose dive from the quality tree and hit every branch on the way down. As a result, pre-acquisition Newmar’s should be worth more but they won’t be. We’ll take the hit with the rest of the brand.

 

[whereRVapp]

I hope it doesn’t get worse as I’d like to someday move up into a pusher. That said, I remember folks in the Entegra thread in that other forum talking dire circumstances when Thor Industries acquired Jayco. It doesn’t seem like things have gotten worse even though probably not better either. It’s an odd industry, but at this point I wouldn’t trade the lifestyle.

 

[redbaron]

Frankly -- Matt Miller has failed to impress for a long time. I am going on record as saying this is a good thing!

Name 1 thing that Matt has personally done for the company. Name 1 thing that has improved under his leadership.

How often has Matt come out to the public and talked to us like customers, and told us his vision?

IMHO -- Matt was placed in the job because it was the family business and he was the only one that was interested in the business.

 

[ARD]

OY, the negativity.... I'm choosing to see this as a positive. ? Sure hope I'm a happy camper in a few months when the new beastie comes. Guess, we will see.

 

[Neal]

I learned today they are rebranding some of the coaches as they come off the line. Starting with all Mountain Aire and London Aire’s coming off the line after September 31st will have W I N N E B A G O on the front cap. I think this is a good change to represent the new brand.

CORRECTION: It’s the entire luxury line Ventana on up.

 

[MapNerd]

That would make them 50% off!

 

[ARD]

I learned today they are rebranding some of the coaches as they come off the line. Starting with all Mountain Aire and London Aire’s coming off the line after September 31st will have W I N N E B A G O on the front cap. I think this is a good change to represent the new brand.

 

[AbdRahim]

Be careful what you wish for!

TJ

I chose Newmar for what it was. Oh well.