Amy Rollins Kreisler Appointed to the Marine Products Corporation Board of Directors

Rhea-AI Summary

Marine Products Corporation (NYSE: MPX) has appointed Amy Rollins Kreisler to its Board of Directors. Kreisler, a former attorney with a strong background in governance and philanthropy, is expected to enhance board effectiveness. With an English and Law degree, she has held significant roles, including Executive Director of the O. Wayne Rollins Foundation. Chairman Richard A. Hubbell noted her past contributions to various boards. Marine Products Corporation manufactures fiberglass boats under the Chaparral and Robalo brands and aims to increase its market share through innovation.

Positive

• Appointment of Amy Rollins Kreisler brings valuable experience to the Board.
• Kreisler's background in law and governance may strengthen board oversight.
• Focus on product innovation could enhance market share and financial performance.

Negative

• None.

ATLANTA, Oct. 31, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today the appointment of Amy Rollins Kreisler to the Board of Directors of the Company. Kreisler holds an English Degree from Hollins University and a Law Degree from The College of William and Mary Law School and is a former attorney of the law firm Arnall Golden and Gregory LLP.  Mrs. Kreisler is a Trustee on The Lovett School Board of Trustees and also serves on the Executive Committee.  She is also a member of the Dean's Council at the Rollins School of Public Health at Emory University.  Additionally, she is Executive Director of the O. Wayne Rollins Foundation and a Trustee of the Ma-Ran Foundation.  She has served as a director at RPC, Inc. since 2016.

Richard A. Hubbell, Chairman of the Board of Marine Products Corporation stated, "Amy Kreisler has been beneficial to the boards on which she has served.  We look forward to her contributions to our board in the years ahead."

Marine Products Corporation is a leading manufacturer of fiberglass boats under the brand names Chaparral and Robalo.  Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series.  Chaparral's outboard offerings include OSX Luxury Sportboats, and SSi and SSX outboard models. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay Boat models. The Company continues to diversify its product lines through product innovation.  With premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value.  For more information on Marine Products Corporation visit our website at MarineProductsCorp.com.

For information contact:

Michael L. Schmit                  
Chief Financial Officer
(404) 321-7910
irdept@marineproductscorp.com

Jim Landers
Vice President Corporate Services
(404) 321-2162
jlanders@marineproductscorp.com

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SOURCE Marine Products Corporation

FAQ

Who is Amy Rollins Kreisler?

Amy Rollins Kreisler is the newly appointed member of the Board of Directors at Marine Products Corporation, with a background in law and governance.

What is the significance of Amy Kreisler's appointment to MPX?

Her appointment is expected to enhance board effectiveness and oversight due to her extensive experience.

What does Marine Products Corporation manufacture?

Marine Products Corporation is a leading manufacturer of fiberglass boats, producing brands like Chaparral and Robalo.

How does MPX plan to increase its market share?

The company aims to diversify its product lines through innovation and leverage its strong dealer network.