Marine Products Corporation Board of Directors Appoints John F. Wilson as New Director

Rhea-AI Summary

Marine Products Corporation (NYSE: MPX) announced the appointment of John F. Wilson to its Board of Directors, effective April 26, 2022. Wilson, currently Vice Chairman at Rollins, Inc., brings extensive operational and leadership experience from his previous roles, including President of Rollins and Orkin, LLC. His addition to the board is expected to enhance strategic insights for the Company. Marine Products Corporation continues to innovate its product lines with premium brands such as Chaparral and Robalo, positioning itself for increased market share and long-term shareholder value.

Positive

• John F. Wilson's extensive leadership experience could enhance strategic insights.
• Company's commitment to product innovation may strengthen market position.

Negative

• None.

ATLANTA, April 26, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) today announced the appointment of John F. Wilson to the Board of Directors of the Company effective April 26, 2022.  

Wilson is the Vice Chairman of Rollins, Inc. and has previously served as President and Chief Operating Officer of Rollins.  Prior to that role he served as Vice President, and then President, of Orkin, LLC.  In addition to his new role as a Marine Products Corporation director, he is currently a director at Rollins, Inc. and is concurrently joining the Board of RPC, Inc.  He will bring extensive operational, management, and leadership experience to the Marine Products Corporation Board of Directors.  Mr. Wilson will serve as a Class II director.

Richard A. Hubbell, President and Chief Executive Officer, stated "We are pleased to welcome John to our Board. He is an accomplished leader that will bring strategic insights to Marine Products Corporation."

Marine Products Corporation (NYSE: MPX) is a leading manufacturer of fiberglass boats under the brand names of 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:

BEN M. PALMER
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 John F. Wilson and what is his role at Marine Products Corporation?

John F. Wilson has been appointed to the Board of Directors of Marine Products Corporation, effective April 26, 2022. He brings extensive operational and leadership experience from roles at Rollins, Inc. and Orkin, LLC.

What is the significance of John F. Wilson's appointment to the Board?

Wilson's appointment is expected to bring strategic insights and strengthen the leadership of Marine Products Corporation.

When was John F. Wilson appointed to the Marine Products Corporation Board of Directors?

John F. Wilson was appointed to the Board of Directors on April 26, 2022.

What brands does Marine Products Corporation manufacture?

Marine Products Corporation manufactures fiberglass boats under the Chaparral and Robalo brand names.

How might the appointment of John F. Wilson impact Marine Products Corporation's stock performance?

His leadership experience may enhance company strategy, potentially impacting stock performance positively by driving growth and market share.