LCI Industries announced yesterday that Jason Lippert is retiring and has stepped down as president and chief executive officer, and as a member of the board. The board of directors appointed independent director Johnny Sirpilla as interim CEO.
Lippert, who spent 32 years in the business, will serve in an advisory capacity for one year to support the transition. The board will conduct a search for a permanent CEO and expects to consider both internal and external candidates.
In a statement, the LCI board said:
“We want to thank Jason for his leadership and his deep commitment to LCI Industries over many decades. Under his leadership, LCI Industries grew from a company with $125M in annual revenue to a company with annual revenue in excess of $4B. His contributions have helped shape this great company and will be important drivers of our future growth.”
As part of its long-term succession plan, the board of directors named Virginia Henkels chair of the board, succeeding Tracy Graham, who stepped down after 10 years to dedicate time to his core business.
