LCI Industries (NYSE: LCII) announced that Jason Lippert has retired and stepped down as president and chief executive officer after 32 years with the company. The board of directors appointed independent director Johnny Sirpilla as interim CEO, effective immediately.

Lippert will serve in an advisory capacity for one year to support the transition. The board will conduct a search for a permanent CEO and expects to consider both internal and external candidates.

Virginia Henkels was named chair of the board, succeeding Tracy Graham, who stepped down after 10 years of service. Graham cited his decision to dedicate time to his core business.

Sirpilla has served on LCI's board since 2019 and brings over 35 years of executive experience in the RV and outdoor recreation industries. He previously served as president and chief business development officer of Camping World and Good Sam after beginning his career as an independent RV dealer.

Under Lippert's leadership, LCI Industries grew from a company with $125 million in annual revenue to one with revenue exceeding $4 billion. The company supplies engineered components to the recreation and transportation markets.

Henkels has been a board member since 2017 and has over 18 years of board governance experience. She previously served as chief financial officer of Swift Transportation Company and held financial leadership positions at Honeywell Inc.

The leadership transitions are part of the company's long-term succession planning, according to the company statement.