Press release
Malibu Boats, Inc. Announces Appointment of David Black to Chief Financial Officer
Black to drive financial performance and support expansion through future acquisitions and strategic growth initiatives LOUDON, Tenn., Nov. 13, 2025 (GLOBE
About this update from Malibu Boats, Inc.
[{"type":"text","content":"Black to drive financial performance and support expansion through future acquisitions and strategic growth initiatives\nLOUDON, Tenn., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU), a U.S. designer and manufacturer of category-leading salt and freshwater recreational powerboat brands, today announced the appointment of David S. Black as Chief Financial Officer effective immediately. Black will succeed Bruce W. Beckman, whose resignation became effective November 12, 2025. Mr. Black, 43, has served as the Company’s Vice President, Finance since November 2023, having previously served as the Company’s interim Chief Financial Officer from April 2023 to November 2023. Mr. Black also served as the Company’s Corporate Controller from November 2020 to April 2023 after joining the Company as Director of Internal Audit in 2017. Mr. Black has over 19 years of experience in accounting and finance working for both public and private companies. Mr. Black received a B.A. in finance from Fairmont State University. Mr. Black is a Certified Public Accountant and Certified Internal Auditor. \"We are grateful to Bruce for his leadership and dedication over the past few years,” said Steve Menneto, CEO of Malibu Boats, Inc. “We are thrilled to welcome David into his new role as chief financial officer. Having been an integral part of our team, David brings a deep understanding of our business and a clear strategic vision for the future. His proven track record of building financial and operational excellence makes him the ideal leader to guide MBI through our next phase of growth. We are confident that his leadership will be instrumental in driving our continued success and advancing our strategic growth initiatives.” \"I am excited to become CFO and continue building on the strategy Steve presented during our investor day,” said David Black. “I look forward to continuing working closely with our talented team to drive growth, strengthen our financial strategy, and create long-term value for our shareholders by scaling strategically through disciplined M&A and prudent capital allocation.” Fiscal 2026 Guidance The Company today reaffirmed its fiscal year 2026 guidance that it provided on October 30, 2025, as part of its first fiscal quarter earnings release. For the full fiscal year 2026, Malibu anticipates net sales to be flat...