William H. McGill, Jr. to Retire as a Director
and Executive Chairman
Rebecca J. White, Ph.D. Named Chair of the
Board
Joseph A. Watters to Retire from Board of
Directors
MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the
world’s largest recreational boat, yacht and superyacht services
company, today announced that the Board of Directors has announced
several changes as part of its continued commitment to strong
governance.
The Board has appointed Rebecca J. White, PhD, a director since
2018 and seasoned governance expert, as Chair of the Board,
effective June 30, 2024. Dr. White’s appointment follows William H.
McGill Jr.’s planned retirement from his position as a director and
Executive Chairman of the Board, also effective June 30, 2024.
Joseph A. Watters, a director since 2005, will retire from the
Board effective June 30, 2024. Following these changes, the Board
will be reduced to 10 directors.
“On behalf of the Board and the entire Company, I thank Bill and
Joe for their contributions to the growth and success of
MarineMax,” said G. Clinton Moore, Lead Independent Director. “Over
a career spanning more than 50 years, Bill has been a pioneer in
our industry. Beginning with the formation in 1973 of Gulfwind
Marine, which became MarineMax in 1998, Bill has served as CEO,
director and, most recently, Executive Chairman, building the
Company into the leader it is today. The Board also has benefited
from Joe’s expertise and guidance over his years on the Board, and
we wish him well in retirement.”
Mr. Moore continued, “Rebecca’s election as Chair reflects the
Board’s continued approach to strong, thoughtful corporate
governance and its commitment to diverse board leadership. As an
independent director over the past six years, Rebecca has brought a
unique perspective to the Board through her deep experience in
entrepreneurship, innovation strategy and effective management. Her
skilled leadership, governance expertise and knowledge of MarineMax
makes Rebecca, I believe, the ideal choice to lead the Board
forward.”
Dr. Rebecca J. White, incoming Chair of the Board, said, “I
appreciate the Board’s confidence and look forward to working with
my fellow directors and the management team in this new role. The
Board changes announced today underscore our long-standing
commitment to strong governance and I look forward to working with
my fellow directors and the management team to guide MarineMax as
it executes its strategy and capitalizes on opportunities to drive
growth and profitability.”
William H. McGill stated, “It has been an honor and a pleasure
to be part of the MarineMax team for more than 25 years. During
that time, we’ve grown into the largest boat, yacht and superyacht
services company while remaining focused on delivering exceptional
customer service. I am confident in the Board and leadership team’s
ability to continue to deliver on its core values while leveraging
the Company’s premium brands to capture new opportunities and drive
value creation for MarineMax shareholders.”
About Rebecca J. White, PhD
Rebecca White is a seasoned governance expert, serving as Walter
Chair of Entrepreneurship, Professor of Entrepreneurship and
Director of the John P. Lowth Entrepreneurship Center at the
University of Tampa. She has served in leadership roles on a number
of company, non-profit, and industry association boards over the
past 25 years and is an active member of the National Association
of Corporate Directors and Women Corporate Directors. Founder of
several start-ups, Dr. White has more than three decades of
experience in education, training, coaching and mentoring. She is a
thought leader and frequent speaker on areas such as
entrepreneurship, management and corporate governance. Dr. White
received an MBA and a Ph.D. in Strategic Management from Virginia
Tech.
About MarineMax
As the world’s largest lifestyle retailer of recreational boats
and yachts, as well as yacht concierge and superyacht services,
MarineMax (NYSE: HZO) is United by Water. We have over 130
locations worldwide, including 83 dealerships and 66 marina and
storage facilities. Our integrated business includes IGY Marinas,
which operates luxury marinas in yachting and sport fishing
destinations around the world; Fraser Yachts Group and Northrop
& Johnson, leading superyacht brokerage and luxury yacht
services companies; Cruisers Yachts, one of the world’s premier
manufacturers of premium sport yachts and motor yachts; and
Intrepid Powerboats, a premier manufacturer of powerboats. To
enhance and simplify the customer experience, we provide financing
and insurance services as well as leading digital technology
products that connect boaters to a network of preferred marinas,
dealers, and marine professionals through Boatyard and Boatzon. In
addition, we operate MarineMax Vacations in Tortola, British Virgin
Islands, which offers our charter vacation guests the luxury
boating adventures of a lifetime. Land comprises 29% of the earth’s
surface. We’re focused on the other 71%. Learn more at
www.marinemax.com.
Forward-Looking Statement
Certain statements in this press release are forward-looking
as defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements include the retirements of Messrs.
McGill and Watters as well as the appointment of Ms. White, the
execution of the Company’s strategies, and the Company’s
capitalization on opportunities to drive growth and profitability.
These statements are based on current expectations, forecasts,
risks, uncertainties, and assumptions that may cause actual results
to differ materially from expectations as of the date of this
release. These risks, assumptions, and uncertainties include the
Company’s abilities to reduce inventory, manage expenses and
accomplish its goals and strategies, the quality of the new product
offerings from the Company’s manufacturing partners, the
performance and integration of the recently-acquired businesses,
general economic conditions, as well as those within the Company's
industry, the liquidity and strength of our bank group partners,
the level of consumer spending, and numerous other factors
identified in the Company’s Form 10-K for the fiscal year ended
September 30, 2023 and other filings with the Securities and
Exchange Commission. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240516490875/en/
Investors:
Mike McLamb Chief Financial Officer MarineMax, Inc.
727-531-1700
Scott Solomon Sharon Merrill Advisors HZO@investorrelations.com
617-320-8282
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