Saturday, December 16, 2017
Business

Chief executive officer of Lazydays RV Center steps down

SEFFNER — Lazydays RV Center chief executive John Horton will step down next week after five years at the wheel of the largest single-site RV center in the country.

Chief financial officer Randall R. "Randy" Lay will assume the position Oct. 12 on an interim basis as the company searches for a new permanent CEO.

Lazydays marketing director Thom VanderKlipp said Horton is leaving to "pursue a new career opportunity" in the energy industry.

Neither Horton nor Lay were made available to comment. Details of any financial agreements were not disclosed.

In a news release, Horton said, "This is the right time for me to step down and for the company to move forward with this transition."

An 11-year employee of Lazydays, Horton has served as CEO since 2007, driving the company through a rocky recession that deflated the RV industry.

Lazydays slashed salaries, laid off hundreds of employees and watched as revenues plummeted.

In 2009, bondholders agreed to scrub over all of the company's $137 million in debt as part of a Chapter 11 bankruptcy restructuring.

Company officials said last year that business had rebounded, with nearly two straight years of hitting sales targets. Last year the company opened its second location, an adobe-styled center in Tucson, Ariz.

"This is an exciting time for Lazydays," Lay said in a release. "Lazydays is well positioned for growth and continued success."

Founded in 1976, Lazydays' headquarters is a 126-acre campus in Seffner with 220 service bays and a campground for 300 RVs.

In July, Florida Trend magazine, an affiliate of the Tampa Bay Times, ranked it the 15th biggest private company in Tampa Bay, with nearly 500 employees and revenues of $315 million.

Contact Drew Harwell at (727) 893-8252 or [email protected]

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