David M. Foulkes elected Chairman of Brunswick Corporation Board of Directors in addition to current CEO Role
Brunswick (NYSE: BC) has announced that CEO David M. Foulkes will also assume the role of chairman of the board, effective March 1. Current Non-Executive Board Chair Nancy E. Cooper will remain on the board, while David E. Everitt will become Lead Independent Director.
The board determined that combining the Chair and CEO roles would best serve the company's interests in executing its strategic plan. During his tenure as CEO since January 2019, Foulkes has positioned Brunswick for sustained growth and resilience while navigating dynamic market conditions.
Before becoming CEO, Foulkes served as President of Brunswick Consumer Solutions and Chief Technology Officer. He joined Brunswick in 2007, leading Mercury Marine's product development for ten years and the Mercury Racing business.
Brunswick (NYSE: BC) ha annunciato che il CEO David M. Foulkes assumerà anche il ruolo di presidente del consiglio di amministrazione, a partire dal 1° marzo. L'attuale presidente non esecutivo del consiglio, Nancy E. Cooper, rimarrà nel consiglio, mentre David E. Everitt diventerà il Direttore Indipendente Principale.
Il consiglio ha determinato che combinare i ruoli di Presidente e CEO servirebbe al meglio gli interessi dell'azienda nell'esecuzione del suo piano strategico. Durante il suo mandato come CEO dal gennaio 2019, Foulkes ha posizionato Brunswick per una crescita sostenuta e resiliente, affrontando condizioni di mercato dinamiche.
Prima di diventare CEO, Foulkes ha ricoperto il ruolo di Presidente di Brunswick Consumer Solutions e Chief Technology Officer. È entrato in Brunswick nel 2007, guidando lo sviluppo dei prodotti di Mercury Marine per dieci anni e il business di Mercury Racing.
Brunswick (NYSE: BC) ha anunciado que el CEO David M. Foulkes también asumirá el cargo de presidente de la junta, a partir del 1 de marzo. La actual presidenta no ejecutiva de la junta, Nancy E. Cooper, permanecerá en la junta, mientras que David E. Everitt se convertirá en el Director Independiente Principal.
La junta determinó que combinar los roles de presidente y CEO serviría mejor a los intereses de la empresa en la ejecución de su plan estratégico. Durante su mandato como CEO desde enero de 2019, Foulkes ha posicionado a Brunswick para un crecimiento sostenido y resiliente mientras navega por condiciones de mercado dinámicas.
Antes de convertirse en CEO, Foulkes se desempeñó como Presidente de Brunswick Consumer Solutions y Director de Tecnología. Se unió a Brunswick en 2007, liderando el desarrollo de productos de Mercury Marine durante diez años y el negocio de Mercury Racing.
브런즈윅 (NYSE: BC)은 CEO인 David M. Foulkes가 3월 1일부터 이사회 의장직도 맡게 될 것이라고 발표했습니다. 현재 비상임 이사회 의장인 Nancy E. Cooper는 이사회에 남아 있으며, David E. Everitt는 수석 독립 이사가 됩니다.
이사회는 의장과 CEO 역할을 결합하는 것이 회사의 전략 계획을 실행하는 데 가장 도움이 될 것이라고 판단했습니다. 2019년 1월 CEO로 재임하는 동안 Foulkes는 변화하는 시장 환경 속에서도 브런즈윅을 지속 가능한 성장과 회복력 있는 상태로 자리잡게 했습니다.
CEO가 되기 전, Foulkes는 브런즈윅 소비자 솔루션의 사장과 최고 기술 책임자를 지냈습니다. 그는 2007년에 브런즈윅에 합류하여 머큐리 마린의 제품 개발을 10년 동안 이끌고 머큐리 레이싱 비즈니스도 담당했습니다.
Brunswick (NYSE: BC) a annoncé que le PDG David M. Foulkes assumera également le rôle de président du conseil d'administration, à compter du 1er mars. L'actuelle présidente non exécutive du conseil, Nancy E. Cooper, restera au conseil, tandis que David E. Everitt deviendra le Directeur Indépendant Principal.
Le conseil a déterminé que la combinaison des rôles de Président et de PDG servirait au mieux les intérêts de l'entreprise dans l'exécution de son plan stratégique. Depuis qu'il est PDG depuis janvier 2019, Foulkes a positionné Brunswick pour une croissance durable et une résilience tout en naviguant dans des conditions de marché dynamiques.
Avant de devenir PDG, Foulkes a été président de Brunswick Consumer Solutions et directeur technique. Il a rejoint Brunswick en 2007, dirigeant le développement de produits de Mercury Marine pendant dix ans et l'activité Mercury Racing.
Brunswick (NYSE: BC) hat bekannt gegeben, dass CEO David M. Foulkes auch die Rolle des Vorsitzenden des Vorstands übernehmen wird, und zwar ab dem 1. März. Die derzeitige nicht geschäftsführende Vorsitzende Nancy E. Cooper bleibt im Vorstand, während David E. Everitt zum Leitenden Unabhängigen Direktor ernannt wird.
Der Vorstand hat festgestellt, dass die Kombination der Rollen von Vorsitzendem und CEO die Interessen des Unternehmens bei der Umsetzung seines strategischen Plans am besten bedienen würde. Während seiner Amtszeit als CEO seit Januar 2019 hat Foulkes Brunswick auf nachhaltiges Wachstum und Resilienz ausgerichtet, während er sich durch dynamische Marktbedingungen navigierte.
Bevor er CEO wurde, war Foulkes Präsident von Brunswick Consumer Solutions und Chief Technology Officer. Er trat 2007 in Brunswick ein und leitete zehn Jahre lang die Produktentwicklung von Mercury Marine sowie das Geschäft von Mercury Racing.
- Consolidation of leadership roles streamlines decision-making process
- CEO's proven track record in driving growth and resilience
- Retention of previous Board Chair ensures leadership continuity
- Potential corporate governance concerns with combined CEO/Chairman role
- Reduced independent oversight with consolidated leadership structure
METTAWA, Ill., Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Brunswick Corporation (NYSE: BC) Board of Directors has elected CEO David M. Foulkes as chairman of the board, effective March 1.
Non-Executive Board Chair Nancy E. Cooper will remain on the Brunswick Board and current Board member David E. Everitt will assume the role of Lead Independent Director.
“The Board concluded that combining the Board Chair and CEO role at this point in time is in the best interests of the company to drive execution of our strategic plan and we are pleased to appoint Dave as Brunswick’s Chairman,” said Cooper. During his tenure as CEO, Dave has positioned the Company for sustained growth and resilience, as well as successfully navigating a very dynamic environment. His innovative thinking and proven executional excellence make him the ideal steward to take on the Board Chair position in addition to his role as CEO.”
"I am honored to take on the Board Chair role at Brunswick and want to thank the Board for the confidence they have placed in me," said Foulkes. "I also want to thank Nancy for her outstanding leadership over the past five years as our Board Chair. I look forward to continuing to work with the Board, our outstanding Brunswick leadership team, and our talented global workforce as we continue to chart the exciting future of our company and our industry.”
Foulkes was appointed Chief Executive Officer and a member of the Board of Brunswick Corporation in January 2019. Prior to his CEO role, Foulkes served as President, Brunswick Consumer Solutions as well as Brunswick’s Chief Technology Officer. Foulkes joined Brunswick in 2007 and led Mercury Marine’s product development for ten years as well as leading the Mercury Racing business.
About Brunswick Corporation:
Brunswick Corporation (NYSE: BC) is the global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond. Our unique, technology-driven solutions are informed and inspired by deep consumer insights and powered by our belief that “Next Never Rests™”. Brunswick is dedicated to industry leadership, to being the best and most trusted partner to our many customers, and to building synergies and ecosystems that enable us to challenge convention and define the future. Brunswick is home to more than 60 industry-leading brands. In the category of Marine Propulsion, these brands include, Mercury Marine, Mercury Racing, MerCruiser, and Flite. Brunswick’s comprehensive collection of parts, accessories, distribution, and technology brands includes Mercury Parts & Accessories, Land ‘N’ Sea, Lowrance, Simrad, B&G, Mastervolt, RELiON, Attwood and Whale. Our boat brands are some of the best known in the world, including Boston Whaler, Lund, Sea Ray, Bayliner, Harris Pontoons, Princecraft and Quicksilver. Our service, digital and shared-access businesses include Freedom Boat Club, Boateka and a range of financing, insurance, and extended warranty businesses. While focused primarily on the marine industry, Brunswick also successfully leverages its portfolio of advanced technologies to deliver an exceptional suite of solutions in mobile and industrial applications. Headquartered in Mettawa, IL, Brunswick has approximately 14,500 employees operating in 26 countries. In 2024, Brunswick was named America’s Best Large Employers for 2024 by Forbes Magazine for the sixth consecutive year in addition to winning more than 100 awards across the enterprise for the third straight year. For more information, visit www.Brunswick.com.
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