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MarineMax Announces Appointment of Mercedes Romero to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
MarineMax, Inc. (NYSE: HZO) has appointed Mercedes Romero to its Board of Directors, effective October 1, 2022. Romero, currently the Global Chief Procurement Officer at Primo Water (Nasdaq: PRMW), brings over 25 years of experience across multiple industries, including Consumer Goods and Spirits. She has a proven track record in operational efficiencies and strategic planning, which is expected to enhance MarineMax’s growth strategy. Romero's international experience will provide new perspectives to the board during a pivotal growth phase for the company.
Positive
Appointment of Mercedes Romero, bringing over 25 years of diverse industry experience.
Her background in operational efficiencies and strategic planning could strengthen MarineMax's business strategy.
Romero's global perspective may enhance the company's growth and market competitiveness.
Negative
None.
CLEARWATER, Fla.--(BUSINESS WIRE)--
MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced that Mercedes Romero has been appointed to its Board of Directors effective October 1, 2022.
Mercedes Romero is the Global Chief Procurement Officer at Primo Water (Nasdaq: PRMW). She brings over 25 years of diverse experience across industries such as Consumer Packaged Goods (Procter & Gamble, Clorox), Spirits (Diageo, Campari), Pharmaceutical (Teva), Retail (Starbucks), and Transportation (Ryder). Romero has made meaningful contributions to the profitability of large organizations through the identification and implementation of operational efficiencies, strategic planning, and an innovative approach to gaining market share. She has led enterprise-wide digital transformations and ESG efforts. Romero is an independent director at John B. Sanfilippo & Son (Nasdaq: JBSS). She currently serves as chair of the Sourcing Diversity and Supplier Relationship Management Committee at the Institute for Supply Management (ISM), where she has held several advisory roles since 2007. Romero, a native of Venezuela, graduated from University Rafael Urdaneta with a degree in civil engineering. She also studied packaging solutions at Michigan State University and English Studies at Cornell University. Romero and her family are avid boaters and passionate about spending time on the water in their free time.
Joseph A. Watters, MarineMax Board Member and Nominating and Corporate Governance Committee Chair stated, “We are very excited and honored to have Mercedes join our Board of Directors. Her expertise in global procurement and strategic planning coupled with her success as a leader in driving results will be instrumental as we grow our business and continue to exceed the expectations of our customers, our team members, and our shareholders. Furthermore, Mercedes’s track record and international experience will bring new perspectives and further enhance our Board’s collective expertise. On behalf of the Board, we welcome Mercedes and look forward to her future contributions to the Company.”
“It is an honor to join the MarineMax Board, especially at such a pivotal time of growth for the Company,” said Romero. “I look forward to leveraging my global experience to build on the momentum MarineMax has achieved through its strategic growth plan across its family of businesses."
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts, and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 78 retail dealership locations, which includes 34 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit www.marinemax.com.
Forward-Looking Statement
Certain statements in this press release may be forward-looking as defined in the Private Securities Litigation Reform Act of 1995. 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 impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within our industry, the level of consumer spending, the Company’s ability to integrate acquisitions into existing operations, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2021 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.
Who is Mercedes Romero and what is her role at MarineMax?
Mercedes Romero is the newly appointed member of the Board of Directors for MarineMax, effective October 1, 2022, and is currently the Global Chief Procurement Officer at Primo Water.
What expertise does Mercedes Romero bring to MarineMax?
Romero brings over 25 years of experience in various industries, including a strong background in operational efficiencies and strategic planning, which can benefit MarineMax's business.
When did Mercedes Romero join the MarineMax Board of Directors?
Mercedes Romero joined the MarineMax Board of Directors on October 1, 2022.
How might Romero's appointment impact MarineMax's growth?
Romero's extensive experience in strategic planning and procurement may help MarineMax optimize operations and enhance growth strategies during its pivotal expansion phase.
