Winnebago Industries, Inc. - WGO STOCK NEWS

Winnebago Industries (NYSE: WGO) has appointed Ray Posadas as Vice President of Investor Relations and Market Intelligence, effective September 6, 2022. He succeeds Steve Stuber, who became Chief Financial Officer of Grand Design RV. Posadas brings over 15 years of finance experience, particularly in investor relations. CEO Bryan Hughes expressed confidence in Posadas' ability to enhance investor engagement. Posadas previously worked with Allison Transmission and has a background in finance from Pace University. Winnebago is recognized for its outdoor lifestyle products.

Winnebago Industries (NYSE: WGO) announced a quarterly cash dividend of $0.27 per share, a 50% increase from the previous quarter, payable on September 28, 2022. This marks the 33rd consecutive quarter of dividends. Additionally, the Board authorized a $350 million share buyback program, replacing a fully utilized $200 million program. These moves reflect the company's strong performance, commitment to shareholder value, and confidence in continued growth, supported by solid cash flow and a low net leverage ratio.

Winnebago Industries (NYSE: WGO) announces the retirement of Bill Fenech, President of Barletta Pontoon Boats, effective August 26, 2022. Fenech founded Barletta in 2017, growing it into a leading pontoon brand. Under his leadership, the company plans a significant capacity expansion in Bristol, Indiana, set to launch in mid-2023.

Jeff Haradine, formerly VP of Sales, will succeed Fenech. Haradine has been with Barletta since its inception and is recognized for his contributions to product development and sales growth. Winnebago aims to maintain Barletta's commitment to quality as they pursue becoming a top three pontoon brand in the U.S.

Winnebago Industries, Inc. (NYSE: WGO) has appointed Casey Tubman as President of Newmar Corporation, effective August 1, 2022. Tubman, who has over 25 years of experience in various leadership roles at Whirlpool, will oversee Newmar, a luxury motorhome manufacturer under Winnebago's umbrella since 2019. Winnebago's CEO Michael Happe expressed confidence in Tubman's leadership, emphasizing his track record in operational excellence and brand innovation. This leadership change aims to sustain Newmar's market position and commitment to quality and service.

Winnebago Industries Foundation is launching an internship program this summer in collaboration with Camber Outdoors, aimed at enhancing diversity and inclusion within the outdoor recreation sector. The program will offer 15 internships across five companies, focused on creating career pathways for students from traditionally excluded communities. The initiative is expected to expand, with plans to place 125 interns within three years. CEO Michael Happe emphasized the commitment to an inclusive workplace, promoting the outdoors as a space for everyone.

Winnebago Industries (NYSE: WGO) has announced the passing of Board member Maria F. Blase on July 16, 2022. Joining the Board in September 2018, Blase served as chairperson of the Finance Committee and was a member of the Audit Committee. CEO Michael Happe expressed deep sorrow over her loss, highlighting her valuable contributions and impactful leadership during her tenure. Winnebago, a North American manufacturer of outdoor lifestyle products, operates under well-known brands, including Winnebago and Grand Design.

Winnebago has launched a new mobile app designed specifically for RV owners at its annual Grand National Rally event. This app provides key features including how-to videos, searchable owner manuals, a service locator, and maintenance checklists, enhancing the overall ownership experience. By addressing customer needs for streamlined RV management, the app reflects Winnebago's commitment to innovation and customer engagement. Available for free on iOS and Android, the app aims to empower owners with essential information at their fingertips, ensuring easier travel and RV operation.

Barletta Pontoon Boats, a subsidiary of Winnebago Industries, is set to break ground on a new 184,000 square foot production facility in Bristol, Indiana, later this summer. This expansion will triple Barletta's manufacturing space to over 425,000 square feet and is projected to create more than 200 new jobs by spring 2023. With a strong focus on innovative products and customer experience, Barletta aims to solidify its position among the top five pontoon manufacturers in the U.S. The groundbreaking ceremony is planned for late summer or early fall of 2022.

Winnebago Industries, Inc. (NYSE: WGO) has appointed Amber Holm as Senior Vice President, Chief Marketing Officer, effective July 6, 2022. Holm brings over 20 years of experience from brands like Newell and Bridgestone. Sri Koneru has been promoted to Senior Vice President, Chief Information Officer, where he will enhance digital strategies and cybersecurity. Chad Reece is now Vice President, Government and Industry Relations, focusing on outdoor industry engagement and legislation. These leadership changes aim to strengthen Winnebago's market position and brand development.