Malibu Boats, Inc. Announces Leadership Transition

Core Points - Malibu Boats, Inc. announced the retirement of President Ritchie Anderson effective February 7, 2025, with CEO Steve Menneto taking over the presidency and Donna Tallent leading operations [1][3] - Ritchie Anderson has over 40 years of experience in the powerboat manufacturing industry, including 12 years at Malibu Boats, where he held various leadership roles [2][3] - Anderson's leadership has been pivotal in establishing Malibu Boats as an industry leader, fostering a culture of operational excellence and building a strong leadership team [3] Company Overview - Malibu Boats, Inc. is based in Loudon, Tennessee, and is a leading designer, manufacturer, and marketer of recreational powerboats, including performance sport, sterndrive, and outboard boats [4] - The company is recognized as the market leader in the performance sport boat category through its Malibu and Axis brands, and also leads in the 20' - 40' segment of the sterndrive category with its Cobalt brand [4] - Malibu Boats, Inc. is an innovator in the powerboat industry, catering to a diverse range of recreational boaters and water sports enthusiasts [4]