Market Overview

Camping World Holdings, Inc. Announces Executive Management Realignment


Camping World Holdings, Inc. (NYSE:CWH) (the "Company") today announced
the realignment and new assignments of its executive leadership team in
an effort to improve performance and process in key areas.

Marcus Lemonis, Chairman and Chief Executive Officer stated, "Over the
years, we have created a unique business model that combines a
comprehensive portfolio of high-margin recurring products and services,
known as Good Sam, with a database of more than 4.5 million active
customers combined with a RV dealership and RV and outdoor retail
platform that requires evolution and constant improvement. Our 2019
focus will be to better serve our customers, associates and shareholders
while continuing to expand our RV market share with opportunistic RV
acquisitions and completing the rollout of RV dealerships into newly
opened retail locations. We will also have an intense focus on
dramatically reducing our retail inventory levels and aggressively
reducing capital expenditures to maximize and drive free cash flow. As
previously indicated, we will not hesitate to close underperforming
locations, and we have recently closed four unprofitable RV dealership
locations in addition to eight retail locations that we felt would not
be accretive long term."

Mr. Lemonis added, "The organizational changes we have made and are
announcing today should streamline our team and bring a new and
heightened focus on inventory management, expense control, product
margins, cash flow and asset deployment. On September 27, 2018, Brent
Moody was named President of the Company. According to Mr. Lemonis,
"Brent oversees all operations and plays an invaluable role in the
management and growth of the business, with great vision for the
Company's future. For over 16 years, he has built an impressive track
record of strategic, operational and financial accomplishments. He has
proven to be a great partner in growing the company, and I trust his
leadership and vision."

As previously disclosed, Roger Nuttall resigned from his position as
President of the Company's dealership group on December 21, 2018, and
his responsibilities will be divided up between Marcus Lemonis and four
tenured Divisional RV Presidents with extensive experience in the RV
industry: TJ Smith, Scott Jensen, Todd Nuttall and Josh Erickson. In an
effort to streamline the decision making process and improve
performance, Matt Wagner has been appointed Senior Vice President of RV
Inventory Management, Digital Marketing, Media Services and RV
Dealership E-commerce; Brock Whinnery has been elevated to Vice
President of Fixed Operations for the RV dealership group; and Randy
Rahe will serve as a Vice President of RV Dealership Operations and will
assist the Divisional RV Presidents with process and standardization,
finance and insurance, and customer and associate experience.

Finally, the Company announced the appointment of Thomas Wolfe to
President of Good Sam and Melvin Flanigan to Chief Financial Officer. As
President of Good Sam, Mr. Wolfe will focus on continuing to enhance the
growth and development of the Consumer Services and Plans segment as
well as improving the overall value and customer experience for its more
than two million Good Sam Club members. Mr. Wolfe and Mr. Flanigan will
work together to ensure a seamless transition of the CFO role. Mr.
Flanigan will be supported in his role by Dale Hendrix, Karin Bell, and
David McKillip, who lead the financial roles for the corporate functions
and Consumer Services and Plans segment, RV dealership segment, and
Retail segment, respectively.

Mr. Flanigan previously served as the Executive Vice President, Finance
and Chief Financial Officer of DTS Inc. ("DTS"), a leader in
high-definition and wireless audio, licensing branded intellectual
property to entertainment technology markets worldwide, from September
2003 to December 2016. Prior to that, he served as the Vice President
and Chief Financial Officer of DTS from July 1999. From March 1996 to
July 1999, he served as Chief Financial Officer and Vice President,
Operations at SensArray Corporation, a supplier of thermal measurement
products for semiconductor, LCD, and memory-disk fabrication processes.
Mr. Flanigan led SensArray's manufacturing and finance efforts. Prior to
joining SensArray, Mr. Flanigan was Corporate Controller for Megatest
Corporation, a manufacturer of automatic test equipment for logic and
memory chips, where he was involved in international mergers and
acquisitions activities. Mr. Flanigan has also previously held positions
at Cooperative Solutions, Inc., a software developer in the client
server transaction processing market, Hewlett-Packard Company, a
provider of information technology infrastructure, personal computing
and access devices, global services, and imaging and printing, and Price
Waterhouse LLP (now PricewaterhouseCoopers LLP). Mr. Flanigan received
an M.B.A. and a B.S. in Accounting from Santa Clara University.

About Camping World Holdings, Inc.

Camping World Holdings, headquartered in Lincolnshire, Illinois, is the
leading outdoor and camping retailer, offering an extensive assortment
of recreational vehicles for sale, RV and camping gear, RV maintenance
and repair, other outdoor and active sports products, and the industry's
broadest and deepest range of services, protection plans, products and
resources. Since the Company's founding in 1966, Camping World has grown
to become one of the most well-known destinations for everything RV,
with more than 225 locations in 36 states and a comprehensive e-commerce

For more information, visit

Forward Looking Statements

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements contained in this press release that do not relate to matters
of historical fact should be considered forward-looking statements,
including, without limitation, statements about our business plans and
goals, including our plans to expand the number of RV sales locations,
including certain Gander Outdoors locations, add RV products, parts, and
services to Gander Outdoors locations, the ability of our model to
deliver long-term growth and sustainability through industry cycles, and
our beliefs regarding our opportunistic position. These forward-looking
statements are based on management's current expectations.

These statements are neither promises nor guarantees, but involve known
and unknown risks, uncertainties and other important factors that may
cause our actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed
or implied by the forward-looking statements, including, but not limited
to, the following: potential impact of the recently identified material
weaknesses in our internal control over financial reporting; the
availability of financing to us and our customers; fuel shortages, or
high prices for fuel; the well-being, as well as the continued
popularity and reputation for quality, of our manufacturers; general
economic conditions in our markets and ongoing economic and financial
uncertainties; our ability to attract and retain customers; competition
in the market for services, protection plans, products and resources
targeting the RV lifestyle or RV enthusiast; our expansion into new,
unfamiliar markets, businesses, or product lines or categories, as well
as delays in opening or acquiring new retail locations; unforeseen
expenses, difficulties, and delays frequently encountered in connection
with expansion through acquisitions; our failure to maintain the
strength and value of our brands; our ability to successfully order and
manage our inventory to reflect consumer demand in a volatile market and
anticipate changing consumer preferences and buying trends; fluctuations
in our same store sales and whether they will be a meaningful indicator
of future performance; the cyclical and seasonal nature of our business;
our ability to operate and expand our business and to respond to
changing business and economic conditions, which depends on the
availability of adequate capital; our reliance on seven fulfillment and
distribution centers for our retail, e-commerce and catalog businesses;
our dependence on our relationships with third party providers of
services, protection plans, products and resources and a disruption of
these relationships or of these providers' operations; whether third
party lending institutions and insurance companies will continue to
provide financing for RV purchases; our inability to retain senior
executives and attract and retain other qualified employees; our ability
to meet our labor needs; risks associated with leasing substantial
amounts of space, including our inability to maintain the leases for our
retail locations or locate alternative sites for our stores in our
target markets and on terms that are acceptable to us; our dealerships'
susceptibility to termination, non-renewal or renegotiation of dealer
agreements if state dealer laws are repealed or weakened; our failure to
comply with certain environmental regulations; a failure in our
e-commerce operations, security breaches and cybersecurity risks; our
inability to enforce our intellectual property rights and accusations of
our infringement on the intellectual property rights of third parties;
disruptions to our information technology systems or breaches of our
network security; feasibility, delays, and difficulties in opening of
Gander Outdoors retail locations; realization of anticipated benefits
and cost savings related to recent acquisitions; potential litigation
relating to products we sell as a result of recent acquisitions,
including firearms and ammunition; and whether we are able to realize
any tax benefits that may arise from our organizational structure and
any redemptions or exchanges of CWGS, LLC common units for cash or stock.

These and other important factors discussed under the caption "Risk
Factors" in our Annual Report on Form 10-K filed for the year ended
December 31, 2017, and our other reports filed with the SEC could cause
actual results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management's estimates as of the
date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim any
obligation to do so, even if subsequent events cause our views to
change, except as required under applicable law. These forward-looking
statements should not be relied upon as representing our views as of any
date subsequent to the date of this press release.

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