Newmar ceo news

[Old-RV'er]

Money talks and BS Walks. Any questions?

 

[sheridany]

This sounds really fishy. He gave 4 days notice. That is not normal.

I agree it is not normal and we may never know the truth that he wanted to put a giant W ornament on the roofline. Just kidding. My experience has been that if you have a senior position in a company, they sometimes will ask you to leave even same day (especially if going to a competitor) or accelerate the departure to the end of the week. Two reasons sometimes are to prevent poaching key employees once the departure is public information and or prevent copying photographing sensitive documents which of course can happen long before the departure. Every company deals with it differently. Hopefully the impact is irrelevant and they continue to deliver coaches and keep their customers satisfied.

 

[redbaron]

I agree it is not normal and we may never know the truth that he wanted to put a giant W ornament on the roofline. Just kidding. My experience has been that if you have a senior position in a company, they sometimes will ask you to leave even same day (especially if going to a competitor) or accelerate the departure to the end of the week. Two reasons sometimes are to prevent poaching key employees once the departure is public information and or prevent copying photographing sensitive documents which of course can happen long before the departure. Every company deals with it differently. Hopefully the impact is irrelevant and they continue to deliver coaches and keep their customers satisfied.

Yes, your points make sense.

I don't think this will have any impact on Newmar. I don't think he was there long enough.

 

[Old Bubblehead]

I doubt there was any true transfer of information or methodology that occurred in his overlap period with Miller while they overlapped. The timing was based on laws in place to maintain continuity in acquisition periods. I hate turnovers, when i am incoming I want the incumbent to move on, when I am being relieved I want to hand over the keys and not be a distraction.
Equally, he was not in chair long enough to have a meaningful impact on the current operations. Winne is large enough that they likely have a bench of high caliber talent in development, I'm sure next person up will be from within. There will certainly be changes in Newmar as the fully integrate into the corporate umbrella. What those will be, we will all have to wait and see. Doesn't always have to be a turn for the worse, there may be improvements as well.
That a corporate hot shot was looking out for themselves and jumped ship for a more personally desirable role should not surprise any one. The eat their young at that level. He could have been upset he didn't get a more senior role in Winne he wanted, or like others have mentioned Nappanee may not have worked for his family.

 

[FLSteve]

My experience has been that if you have a senior position in a company, they sometimes will ask you to leave even same day (especially if going to a competitor) or accelerate the departure to the end of the week. Two reasons sometimes are to prevent poaching key employees once the departure is public information and or prevent copying photographing sensitive documents which of course can happen long before the departure.

@sheridany ... all this is very true. When a person decided to leave the company I was with, we really did not want them hanging around in the hallways telling everybody else how great of a company they were going to or the better deal they were getting etc., etc.

FLSteve

 

[AbdRahim]

I agree it is not normal and we may never know the truth that he wanted to put a giant W ornament on the roofline. Just kidding. My experience has been that if you have a senior position in a company, they sometimes will ask you to leave even same day (especially if going to a competitor) or accelerate the departure to the end of the week. Two reasons sometimes are to prevent poaching key employees once the departure is public information and or prevent copying photographing sensitive documents which of course can happen long before the departure. Every company deals with it differently. Hopefully the impact is irrelevant and they continue to deliver coaches and keep their customers satisfied.

Could be. I was a lowly sales person with a very small outfit. The day I gave my two week notice, I was asked to leave that day.

 

[Old-RV'er]

Yes, we used to get contractors out the same day, termination (regardless of why) was happeing. He may have seen handwriting on wall. What? Almost 200 ships sitting off CA coast unable to unload. Truckers prevented from even going into ports because trucks do not meet CA's environmental regulations (blocking out 170 Drivers from moving containers). Containers sitting along east coast, no one to get them west. Parts unavailble to repair trucks (this was article today). 100,000,000+ individuals not looking for work, but able to work in US, this number has gone up the last 14 months-some pandemic related. I think soon, the eonomy is going to burp, and I don't just mean gas, I mean a total emptying of confidence and every market is going to go down 50% over short time. Today, I paid 3.099 gallong for RU gas, not highest I have paid, but over 100% than August of 2020. Diesel is all over 3.20 gallon everyplace. That fuel is needed to power all is going to have huge impact. And if anyone remotely believes electric vehicles are going to be the defacto standard in 50 years, I have several bridges to sell you, you can pick which one. In 1984 I scheduled energy for the second largest electrical utility in the USA. THEN, CA was short 3-5000 MW's of energy, that problem has only worsened. TX, tried with windmills, hmmm did not work out so well, But T. Boone Pickens, well he walked all the way to the bank smiling. Get ready, that this CEO saw/sees the handwriting on the wll, well you ladies and gentlemen are just about as smart.

 

[FLSteve]

Get ready, that this CEO saw/sees the handwriting on the wll, well you ladies and gentlemen are just about as smart.

@Old-RV'er ... just trying to understand what this means. Is the handwriting on the wall mean that Newmar is going downhill and may fail due to all these issues that you point out (and I agree with BTW) so he is getting out now so he won't get blamed?? I currently have a coach on order so sure hope this is not the case.

FLSteve

 

[Old Bubblehead]

@FLSteve, my take would be that @Old-RV'er believes the RV market will be crashing soon and the CEO is bailing out before the fan gets darkened by brown material.

 

[MapNerd]

I don’t think they will fail, but certainly a market correction will happen eventually. When is anyone’s guess.