Business
Latham Group, Inc. Announces Chief Financial Officer Succession Plan
Mark Borseth to retire in December 2022 Robert Masson to be named Chief Financial Officer LATHAM, N.Y., June 14, 2022 (GLOBE NEWSWIRE) -- Latham Group, Inc.
About this update from Latham Group, Inc.
[{"type":"text","content":"Mark Borseth to retire in December 2022 Robert Masson to be named Chief Financial Officer LATHAM, N.Y., June 14, 2022 (GLOBE NEWSWIRE) -- Latham Group, Inc. (“Latham” or “the Company”) (Nasdaq: SWIM), the largest, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand, today announced Mark Borseth’s plans to retire from his position as Chief Financial Officer of the Company. Robert Masson, an accomplished finance executive with nearly 20 years of experience in aerospace and defense and the industrial sectors, has been named Latham’s next Chief Financial Officer and will assume the responsibilities on July 11, 2022. Masson will report to Scott Rajeski, Latham President and Chief Executive Officer. Borseth will remain with Latham as a strategic advisor to the Company through December 31, 2022, to ensure a seamless transition. \"We are extremely pleased to welcome Rob Masson as Latham’s next Chief Financial Officer,” said Scott Rajeski, President and Chief Executive Officer. “Rob has a deep understanding of the industrial manufacturing industry and proven track record of managing and developing high-performing teams to deliver results and achieve strategic and financial objectives, making him an excellent fit for Latham during the next phase of our growth.” Mr. Rajeski continued, “Mark played an integral role in leading our company through our initial public offering last year, supporting our strategic planning and M&A activities and strengthening our organization by assembling a talented team of finance and accounting professionals. We are grateful to have benefited from Mark’s leadership and expertise during a transformative moment in our company’s history.” “It has been an honor to serve as CFO of Latham and work alongside Scott and the rest of the talented leadership team,” said Mark Borseth. “I am proud of what we have built together, and believe the Company is well-positioned to continue to capitalize on the attractive dynamics of the pool industry and drive continued growth. Rob is an excellent choice for the role of CFO, and I look forward to working closely with him and the team from an advisory capacity to ensure a seamless transition.” Masson joins Latham from Hypertherm, Inc., a U.S. based manufacturer of cutting systems and software. He currently serves as Executiv...