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MarineMax’s Board Appoints Two Key Leaders as Executive Officers
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
MarineMax, Inc. (NYSE: HZO) announced the appointment of Shawn Berg and Kyle Langbehn as executive officers, effective October 1, 2022. Berg, previously Chief Digital Officer, brings over 30 years of experience in technology and business growth. Langbehn has been with MarineMax since 2002 and served as President of Retail Operations. CEO W. Brett McGill expressed confidence in their leadership to drive strategic growth and enhance customer experience. MarineMax is the largest recreational boat and yacht retailer globally.
Positive
Appointments of seasoned leaders Shawn Berg and Kyle Langbehn may enhance strategic growth.
Berg's extensive experience can drive innovation in technology and marketing.
Langbehn's long tenure can improve retail operations and customer satisfaction.
Negative
Leadership changes may create transitional challenges or gaps in continuity.
~Shawn Berg and Kyle Langbehn~
CLEARWATER, Fla.--(BUSINESS WIRE)--
MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced the appointment of two key leaders as executive officers of MarineMax. The Company’s Board of Directors appointed Shawn Berg and Kyle Langbehn as executive officers, effective October 1, 2022, as the Company continues to execute its strategic growth plan.
Kyle Langbehn (Photo: Business Wire)
Mr. Berg has served as Chief Digital Officer of MarineMax since April 2019, responsible for the Company’s technology, marketing, and digital business operations. Previously, he served as Vice President of Technology after joining MarineMax in 2017. Mr. Berg has over 30 years of experience, including multiple officer-level positions, delivering strategic business growth to companies across the marine, auto, and retail industries. In addition, Mr. Berg has extensive experience in finance, insurance, distribution, servicing, and supply chain operations. He obtained his Bachelor of Business from Polk State and has been a Board Member of the Center for Leadership at Florida International University (FIU) since 2015.
Mr. Langbehn has served as President of Retail Operations of MarineMax since July 2020, responsible for MarineMax’s retail operations. Previously he served as Vice President of Operations beginning in October of 2018. Since joining MarineMax in 2002, Mr. Langbehn has excelled in numerous positions of increasing responsibility, including Sales Consultant, Sales Manager, General Sales Manager, General Manager, and Regional President. He is a graduate of the United States Naval Academy and holds an MBA from George Washington University.
W. Brett McGill, Chief Executive Officer and President of MarineMax stated, “With today’s announcement, we recognize Shawn and Kyle for their contributions to the ongoing strategic growth of our Company, development of their respective teams, and elevating the customer experience through innovative products and services. On behalf of MarineMax, I am confident these accomplished leaders, with a demonstrated passion for our Company and industry, will continue to drive results for our customers, team members, and shareholders. We are excited for MarineMax to continue on our path of global growth—Shawn and Kyle will be instrumental in executing against our strategic long-term objectives.”
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, some of which include marinas. Collectively, with the IGY acquisition, MarineMax owns or operates 57 marinas worldwide. Through Fraser Yachts and Northrop & 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 owns Boatyard, an industry-leading customer experience digital product company. 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. Such forward-looking statements include that Mr. Berg and Mr. Langbehn will continue to drive results for the Company's customers, team members, and shareholders and that Mr. Berg and Mr. Langbehn will be instrumental in executing against the Company's strategic long-term objectives. 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, 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.
What changes were announced for MarineMax (HZO) executive team?
MarineMax announced the appointment of Shawn Berg and Kyle Langbehn as executive officers, effective October 1, 2022.
What are the roles of Shawn Berg and Kyle Langbehn at MarineMax?
Shawn Berg is appointed to a key executive role after serving as Chief Digital Officer, while Kyle Langbehn continues to enhance retail operations as President of Retail Operations.
How could the new leadership impact MarineMax (HZO)?
The new leadership is expected to drive strategic growth and improve customer experience through innovation.
