Steven English Named Chief Executive Officer of IGY Marinas
MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat, yacht and superyacht services company, has appointed Steven English as Chief Executive Officer of its IGY Marinas subsidiary. English, who has been with IGY since 2007, previously served as President of IGY. Under his leadership, IGY has expanded to 23 marinas across 13 countries, including key markets in the Cote d'Azur and the Middle East. English has also grown the IGY Trident Program and advanced strategic alliances. As CEO, he plans to focus on new projects such as IGY Savannah Harbor Marina in the US and Sindalah Island Marina in Saudi Arabia. English's background includes roles at Island Capital Group and experience in management consulting, with involvement in transactions exceeding $10 billion.
MarineMax, Inc. (NYSE: HZO), la maggiore azienda mondiale nel settore dei servizi per imbarcazioni ricreative, yacht e superyacht, ha nominato Steven English come Amministratore Delegato della sua filiale IGY Marinas. English, che è con IGY dal 2007, ha precedentemente ricoperto il ruolo di Presidente di IGY. Sotto la sua guida, IGY ha ampliato la sua presenza a 23 marine in 13 paesi, inclusi mercati chiave nella Costa Azzurra e in Medio Oriente. English ha anche sviluppato il programma IGY Trident e avanzato alleanze strategiche. Come CEO, intende concentrarsi su nuovi progetti come IGY Savannah Harbor Marina negli Stati Uniti e Sindalah Island Marina in Arabia Saudita. L'esperienza di English include ruoli presso Island Capital Group e un'esperienza nella consulenza gestionale, con coinvolgimenti in transazioni superiori ai 10 miliardi di dollari.
MarineMax, Inc. (NYSE: HZO), la mayor empresa de servicios de embarcaciones recreativas, yates y superyates del mundo, ha nombrado a Steven English como Director Ejecutivo de su filial IGY Marinas. English, quien ha estado con IGY desde 2007, anteriormente se desempeñó como Presidente de IGY. Bajo su liderazgo, IGY ha expandido su presencia a 23 marinas en 13 países, incluidos mercados clave en la Costa Azul y el Medio Oriente. English también ha impulsado el Programa IGY Trident y promovido alianzas estratégicas. Como CEO, planea enfocarse en nuevos proyectos como IGY Savannah Harbor Marina en Estados Unidos y Sindalah Island Marina en Arabia Saudita. La trayectoria de English incluye roles en Island Capital Group y experiencia en consultoría de gestión, con participación en transacciones que superan los 10 mil millones de dólares.
MarineMax, Inc. (NYSE: HZO), 세계 최대의 레크리에이션 보트, 요트 및 슈퍼요트 서비스 회사가 IGY 마리나 자회사 CEO로 Steven English를 임명했습니다. English는 2007년부터 IGY와 함께했으며, 이전에는 IGY의 대통령으로 활동했습니다. 그의 리더십 하에 IGY는 13개국 전체에 23개의 마리나로 확장했습니다, 주요 시장인 코트 다쥐르와 중동을 포함합니다. English는 또한 IGY Trident 프로그램을 성장시키고 전략적 제휴를 발전시켰습니다. CEO로서 그는 미국의 IGY Savannah Harbor Marina와 사우디아라비아의 Sindalah Island Marina와 같은 새로운 프로젝트에 집중할 계획입니다. English의 배경에는 Island Capital Group에서의 역할과 경영 컨설팅 경험이 포함되어 있으며, 100억 달러를 초과하는 거래에 참여한 경력이 있습니다.
MarineMax, Inc. (NYSE: HZO), le plus grand entreprise au monde dans le domaine des services de bateau de loisirs, de yacht et de superyacht, a nommé Steven English en tant que Directeur Général de sa filiale IGY Marinas. English, qui est chez IGY depuis 2007, a précédemment occupé le poste de Président d'IGY. Sous sa direction, IGY a expansé sa présence à 23 marinas dans 13 pays, incluant des marchés clés sur la Côte d'Azur et au Moyen-Orient. English a également développé le Programme IGY Trident et avancé des alliances stratégiques. En tant que directeur général, il prévoit de se concentrer sur de nouveaux projets comme IGY Savannah Harbor Marina aux États-Unis et Sindalah Island Marina en Arabie Saoudite. Le parcours d'English comprend des rôles au sein d'Island Capital Group et de l'expérience en conseil en gestion, avec des participations dans des transactions dépassant 10 milliards de dollars.
MarineMax, Inc. (NYSE: HZO), das größte Unternehmen der Welt im Bereich Freizeitboot-, Yacht- und Superyacht-Dienstleistungen, hat Steven English zum Chief Executive Officer seiner Tochtergesellschaft IGY Marinas ernannt. English, der seit 2007 bei IGY ist, war zuvor Präsident von IGY. Unter seiner Führung hat sich IGY auf 23 Marinas in 13 Ländern ausgedehnt, einschließlich wichtiger Märkte an der Côte d'Azur und im Nahen Osten. English hat auch das IGY Trident-Programm ausgebaut und strategische Allianzen vorangetrieben. Als CEO plant er, sich auf neue Projekte wie die IGY Savannah Harbor Marina in den USA und die Sindalah Island Marina in Saudi-Arabien zu konzentrieren. Englishs Hintergrund umfasst Rollen bei Island Capital Group und Erfahrung in der Managementberatung, mit Beteiligungen an Transaktionen von über 10 Milliarden Dollar.
- Appointment of experienced leader Steven English as CEO of IGY Marinas
- IGY Marinas' expansion to 23 marinas across 13 countries
- Growth of IGY Trident Program and strategic alliances
- Planned expansion with new projects in the US and Saudi Arabia
- None.
Insights
The appointment of Steven English as CEO of IGY Marinas, a subsidiary of MarineMax (NYSE: HZO), is a neutral development for investors. While it demonstrates continuity in leadership, as English has been with IGY since 2007, it's unlikely to have an immediate impact on MarineMax's stock performance. English's experience and track record suggest he's well-positioned to drive IGY's growth, particularly in expanding into new markets like the Cote d'Azur and Middle East. However, the financial implications of this leadership change are not quantified in the announcement. Investors should monitor future earnings reports to assess any tangible impacts on IGY's performance within MarineMax's portfolio. The mention of new projects like IGY Savannah Harbor Marina and Sindalah Island Marina indicates potential for future revenue growth, but without specific financial projections, it's premature to factor these into investment decisions.
This leadership transition at IGY Marinas signals MarineMax's commitment to strengthening its position in the global marina industry. The appointment of Steven English, with his extensive international experience, aligns with the company's strategy to expand its global footprint. Currently, IGY operates 23 marinas across 13 countries, indicating a significant international presence. The focus on luxury destinations, such as the new project in Saudi Arabia, suggests a targeting of high-net-worth individuals, a potentially lucrative market segment. However, investors should be aware of the geopolitical risks associated with expansion into regions like the Middle East. The growth of the IGY Trident Program, likely a loyalty or premium service offering, could be a key differentiator in the competitive marina industry. Overall, this move reinforces MarineMax's long-term growth strategy in the marina sector, but its impact on short-term financial performance remains to be seen.
The elevation of Steven English to CEO of IGY Marinas represents a strategic continuity for MarineMax. English's long tenure and proven track record in expanding IGY's global reach suggest a smooth transition and continued execution of the existing growth strategy. His background in asset management and principal investment, having led teams that closed
(Photo: Business Wire)
“Steve’s extensive international experience, proven industry leadership, and deep understanding of IGY’s portfolio make him the ideal person to lead IGY into its next chapter of growth and innovation,” stated Brett McGill, Chief Executive Officer and President of MarineMax. “Since joining IGY in 2007 he has contributed significantly to its success, helping extend our global reach to 23 marinas across 13 countries. Among his key accomplishments, Steve has spearheaded IGY’s expansion into key markets such as the Cote d’Azur and the
“Over my long association with IGY, I have had the privilege of working with a talented team dedicated to enhancing IGY’s position as the global leader in the marina industry and delivering exceptional value to our clients and partners around the world,” Mr. English said. “As CEO, I look forward to building on our success through new projects, such as IGY Savannah Harbor Marina in
Mr. English was previously a Managing Director at Island Capital Group, where he served in senior asset management, principal investment and special situations roles. He commenced his career in management consulting and has led teams that closed in excess of
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 125 locations worldwide, including over 75 dealerships and 65 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,
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 IGY’s next chapter of growth and innovation and IGY’s success through new projects. 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 those 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/20240916220291/en/
Mike McLamb
Chief Financial Officer
MarineMax
727-531-1700
Scott Solomon
Sharon Merrill Advisors
(857) 383-2409
HZO@investorrelations.com
Source: MarineMax, Inc.
FAQ
Who is the new CEO of IGY Marinas, a subsidiary of MarineMax (NYSE: HZO)?
How many marinas does IGY Marinas currently operate?
What are some of the new projects IGY Marinas is planning under Steven English's leadership?
What is Steven English's background before becoming CEO of IGY Marinas?
