Camping World Holdings(US:CWH) Benzinga·2025-12-10 11:14Core Insights - Marcus Lemonis will step down as CEO of Camping World Holdings Inc. on January 1, 2026, with current President Matthew Wagner named as his successor [1][2] - The leadership change comes as the RV industry shows signs of distress, reflecting broader economic challenges such as reduced consumer disposable income and high interest rates [2][3] - Camping World’s stock has seen a significant decline, trading near $10.30, which represents a roughly 50% drop over 2025, indicating a challenging retail environment [4][7] Company Transition - Matthew Wagner, who has been with Camping World since 2007 and served as President since July 2024, will officially take over as CEO at the end of the year [5] - Wagner expressed his honor in taking on the role despite the difficult macroeconomic conditions [5] - Brent Moody, a long-time company veteran, will become the Chairman of the Board [6] Economic Context - The RV industry is often seen as an indicator of the U.S. consumer economy, and recent trends suggest a "retail softening" in September and October, leading to a cautious outlook for 2026 [3] - The company is focusing on aggressive deleveraging of its balance sheet to address current economic challenges [4] Leadership Continuity - Marcus Lemonis will remain with the company as a non-executive Co-Founder and Special Advisor, maintaining a significant long-term shareholder role [7] - Lemonis expressed confidence in Wagner's leadership and shared philosophy regarding company growth and employee importance [6]