Malibu Boats, Inc. Announces Leadership Transition

About this update from Malibu Boats, Inc.

[{"type":"text","content":"LOUDON, Tenn., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that Ritchie Anderson, President, will retire effective February 7, 2025. He will continue in his role as President until that date. Upon Mr. Anderson’s retirement, Steve Menneto, the Company’s Chief Executive Officer, will become President of Malibu Boats, Inc., with Donna Tallent, Senior Vice President of Operations, assuming leadership for MBI operations. Both Ms. Tallent and the Brand Presidents will report directly to Mr. Menneto, Chief Executive Officer. Mr. Anderson’s distinguished career in the powerboat manufacturing industry spans over four decades, including 12 years with Malibu Boats. During his tenure, he served as Vice President of Operations, Chief Operating Officer, and most recently, President. Prior to joining Malibu, Mr. Anderson spent 28 years at MasterCraft Boat Company, where he held various leadership roles, including Vice President of Operations. “Ritchie’s leadership has been instrumental in developing MBI into the industry leader it is today,” commented Mr. Menneto, Chief Executive Officer of Malibu Boats Inc. “He has built a strong, capable team of leaders and fostered a culture of operational excellence. Thanks to his dedication, the company is positioned for continued success with our deep leadership team that embodies our core values of delivering the highest quality boats in the marine industry.” “It has been an incredible 12-year journey with Malibu,” said Mr. Anderson. “I am immensely proud of the teams and culture we have built across all the MBI companies, and it has been an honor to work alongside such passionate and dedicated individuals. Their commitment to excellence has been the foundation of MBI’s success, and I am confident that under Steve and Donna’s leadership, they will continue to drive the company forward and seize new opportunities. Reflecting on 40 years in an industry I love, I feel incredibly fortunate and look forward to starting this next chapter, transitioning into retirement, and spending more time with my family.” About Malibu Boats, Inc. Based in Loudon, Tennessee, Malibu Boats, Inc. (MBUU) is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive and outboard boats. Malibu Boats, Inc. is the marke...

More updates from Malibu Boats, Inc.