MarineMax Promotes Manny Alvare to General Counsel

Rhea-AI Summary

MarineMax (NYSE: HZO), the leading global recreational boat, yacht, and superyacht services company, has promoted Manny A. Alvare to the role of General Counsel. Alvare, who has served as Vice President of Legal Affairs since October 2021, joined MarineMax in 2018. He has played a important role in the company's acquisitions, brand expansions, and both domestic and international growth. MarineMax CEO Brett McGill highlighted Alvare's significant contributions to the company's legal affairs and growth strategy. Alvare holds a law degree from St. Thomas University’s Benjamin L. Crump College of Law and is an alumnus of the University of Florida.

Positive

• Promotion of an experienced legal professional like Manny A. Alvare could enhance MarineMax's strategic initiatives.
• Alvare has a proven track record in overseeing legal aspects of acquisitions and growth.
• Alvare's promotion suggests stability and continuity in the company's legal affairs, which can positively impact investor confidence.
• MarineMax's emphasis on expanding both domestically and internationally indicates a proactive growth strategy.

Negative

• The press release lacks concrete financial data or performance metrics to evaluate the impact of this promotion on the company's finances.
• No mention of any immediate or long-term financial benefits tied to Alvare's promotion.
• The announcement does not address any existing legal challenges or risks that the company may be facing.

CLEARWATER, Fla.--(BUSINESS WIRE)-- MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced the promotion of Manny A. Alvare, the Company’s Vice President of Legal Affairs since October 2021, to the position of General Counsel.

Mr. Alvare joined MarineMax as Corporate Counsel in 2018 after a distinguished career serving as in-house counsel for several Florida companies in a wide range of industries. During his tenure at MarineMax, he has overseen the legal work related to the Company’s acquisitions, brand expansions, domestic and international growth, and numerous other strategic initiatives. Mr. Alvare is a graduate of the University of Florida and received his law degree from St. Thomas University’s Benjamin L. Crump College of Law.

Brett McGill, Chief Executive Officer and President of MarineMax, stated, “This promotion recognizes Manny’s professional accomplishments at MarineMax, particularly his pivotal role in overseeing legal affairs and guiding us as we execute on our growth strategy. We look forward to Manny’s continued success as a key leader in our organization.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240517041766/en/

Investors:



Mike McLamb

Chief Financial Officer

MarineMax, Inc.

727-531-1700



Scott Solomon

Sharon Merrill Advisors

HZO@investorrelations.com

617-320-8282

Source: MarineMax, Inc.

FAQ

What was Manny A. Alvare's previous position at MarineMax before being promoted to General Counsel?

Manny A. Alvare was the Vice President of Legal Affairs at MarineMax since October 2021.

What is the stock symbol for MarineMax?

The stock symbol for MarineMax is HZO.

When did Manny A. Alvare join MarineMax?

Manny A. Alvare joined MarineMax in 2018.

What educational background does Manny A. Alvare have?

Manny A. Alvare holds a law degree from St. Thomas University’s Benjamin L. Crump College of Law and is an alumnus of the University of Florida.

Why is Manny A. Alvare's promotion significant for MarineMax?

Manny A. Alvare played a pivotal role in overseeing legal affairs, acquisitions, and growth strategies at MarineMax, contributing to the company’s expansion.