Business NEWS

Winnebago’s Robert J. Olson gets $731,370

By Amarendra Bhushan for CEOWORLD Magazine Updated:October 30, 2008

Winnebago Industries, Inc. is the leading United States manufacturer of motor homes and related products and services gave new Chairman and Chief Executive Bob Olson, who took the top jobs in May, a pay package worth $731,370 in its 2008 fiscal year, according to a regulatory statement filed Wednesday.

Robert J. Olson, President/Chairman of the Board/Director/CEO, Winnebago Industries, Inc.
Olson, is a career Winnebago Industries executive with 38 years of service with the Company. He has served as President since May 2007. Olson joined Winnebago Industries in 1969 as an hourly production employee, serving in various material and management positions prior to becoming the General Manager of Fabrication in 1986. In 1996 he was appointed Vice President of Manufacturing and in 2006 he became Senior Vice President of Operations.

Olson, served in various material and management positions with the Company prior to becoming the General Manager of Fabrication in 1986. In 1996 he was appointed Vice President of Manufacturing and in 2006 he became Senior Vice President of Operations. In 2007 the Board of Directors elected him President. On January 28, 2008, the Board of Directors of the Company announced that President Robert J. Olson will succeed Bruce Hertzke as Chairman of the Board and CEO upon Hertzke’s retirement in May 2008. The Board announced the appointment of Robert J. Olson to the Company’s Board of Directors and the election of Mr. Olson to the position of Chairman of the Board and Chief Executive Officer, in addition to his current position of President, also effective May 5, 2008.

About Winnebago Industries

Winnebago Industries, Inc. is a leading United States manufacturer of motor homes, self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. The Company builds quality motor homes under the Winnebago, Itasca and ERA brand names with state-of-the-art computer-aided design and manufacturing systems on automotive-styled assembly lines. The Company’s common stock is listed on the New York and Chicago Stock Exchanges and traded under the symbol WGO. Options for the Company’s common stock are traded on the Chicago Board Options Exchange.

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