Malibu Boats Taps Steven D. Menneto Of Polaris as CEO, Effective August 5, Succeeding Ritchie Anderson
Portfolio Pulse from Benzinga Newsdesk
Malibu Boats, Inc. (NASDAQ: MBUU) has appointed Steven D. Menneto as its new CEO, effective August 5, 2024. Menneto, who previously served as President of Polaris' Off-Road Vehicle Division, will also join Malibu Boats' Board of Directors. The Office of the CEO will end, with Ritchie Anderson remaining as President and Michael K. Hooks as Board Chair.
July 22, 2024 | 11:35 am
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Malibu Boats has appointed Steven D. Menneto as its new CEO, effective August 5, 2024. Menneto's extensive experience and successful track record at Polaris could positively impact Malibu Boats' strategic direction and growth.
Steven D. Menneto's successful tenure at Polaris, where he significantly grew revenues, suggests he has the capability to drive growth at Malibu Boats. His appointment is likely to be viewed positively by investors, potentially boosting the stock price in the short term.
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