Lazydays Holdings Inc. has appointed John North as CEO and a member of the Board of Directors, effective Sept. 6, 2022.
“It is an honor to welcome John North to Lazydays,” said Chris Shackelton, chairman of the board. “John is an accomplished executive with an admirable track record of driving success across multiple companies. We could not be more excited about the combination of John’s operational strengths, paired with a disciplined growth orientation.”
North most recently served as chief financial officer (CFO) of Copart, Inc., a member of the S&P 500 and provider of online auctions and vehicle remarketing services. Previously, he served as the CFO of Avis Budget Group, Inc., a car and truck rental and on-demand car sharing firm. Before joining Avis Budget Group, he spent 17 years in leadership roles with Lithia Motors, Inc., a U.S. automotive retailer, including as CFO and chief accounting officer.
North replaces William Murnane, who spent nearly six years as the company CEO before resigning Dec. 22, 2021. Robert DeVincenzi, who had been Lazydays’ lead independent board director, served the past seven month
s as the company’s interim CEO.
“Lazydays has built one of the most respected businesses in the RV industry,” North said. “It is a privilege to join the company at such a pivotal moment. The Lazydays foundation is solid and well-positioned for a long runway of shareholder value creation. With a healthy balance sheet, strong brand, loyal customer base and fantastic team, I am excited to help lead the company to an even brighter future. I look forward to working with my new colleagues and the board to ensure the business reaches its full potential.”
North earned his B.S. in Finance from Santa Clara University and is a Certified Public Accountant and a CFA charterholder.
“John brings a deep understanding for building durable scale in multi-unit, high ASP dealership models, with superb judgment in allocating capital through business cycles. This combination is highly relevant for Lazydays, as the company assesses a widening range of compelling investment opportunities to drive shareholder value,” Shackelton said. “Furthermore, as a leader of large public companies, John has a stellar reputation and history of developing strong relationships with investors and capital sources. Importantly, John is a collaborative leader whose skillset will complement and amplify the talented Lazydays team.”
Shackleton extended his gratitude to DeVincenzi. Effective with North’s appointment, DeVincenzi will continue serving on the board as a non-executive director, he said.
Among the issues North will address is the company’s future after the Lazydays board turned down a $212 million buyout offer in March from B. Riley Financial. The decision to decline the bid came under criticism from Kanen Wealth Management, an investment research firm and Lazydays shareholder.
Learn more about Lazydays RV.
