LCI Industries (NYSE: LCII) has announced the upcoming retirement of James Gero from its board of directors after 33 years of dedicated service. Gero served as the chairman of the board from May 2014 to May 2021, and played a pivotal role in guiding the company through significant periods of change, including the acquisition of Lippert Components, Inc. in 1997 and its subsequent listing on the New York Stock Exchange in 2003.
LCI Industries' longest-serving board member, Gero is a private investor with extensive experience in corporate governance, strategic planning, executive leadership, and compensation strategy. Throughout his tenure, his wisdom, perspective, and experience were invaluable to the leadership team.
In connection with its ongoing succession planning and refreshment activities, the board of directors will continue to evaluate the size and composition of the board, including in light of Gero’s retirement in May.
LCI Industries, through its Lippert subsidiary, is a global leader in supplying engineered components to the outdoor recreation and transportation markets. The company believes its innovative culture, advanced manufacturing capabilities, and dedication to enhancing the customer experience have established Lippert as a reliable partner for both OEM and aftermarket customers. Today the company's shares have moved 0.45% to a price of $137.40. For the full picture, make sure to review LCI INDUSTRIES's 8-K report.
