LCI Industries Announces CEO Retirement, Interim CEO, New Board Chair
LCI Industries announced significant leadership transitions, with Jason D. Lippert retiring as President and CEO and resigning from the Board after 32 years. John A. Sirpilla, a long-standing independent director, has been appointed Interim Chief Executive Officer. Additionally, Tracy D. Graham stepped down as Board Chair and member, with Virginia Henkels named as the new Chair. The company's Board will initiate a comprehensive search for a permanent CEO, while Mr. Lippert will serve in an advisory capacity for one year to support the transition, receiving a monthly cash payment and retaining eligibility for certain unvested equity awards. Mr. Sirpilla's compensation package includes an annual base salary of $1,100,000 and a one-time RSU grant of $1,800,000.
Key Highlights
- Jason D. Lippert retired as CEO and resigned from the Board of Directors, effective June 3, 2026.
- John A. Sirpilla, a current Board member, was appointed Interim Chief Executive Officer.
- Tracy D. Graham resigned as Chair and member of the Board of Directors.
- Virginia Henkels was appointed Chair of the Board of Directors.
- The Board will conduct a comprehensive search for a permanent CEO, considering internal and external candidates.
- Jason Lippert will provide advisory services for one year, receiving $100,000 monthly.
- Jason Lippert's unvested time-based RSUs and 2024 PSUs remain eligible to vest on June 3, 2027.
- Interim CEO John A. Sirpilla's annual base salary is $1,100,000 with a 140% target bonus and a $1,800,000 RSU grant.
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