Malibu Boats, Inc. Announces Appointment of Bruce Beckman to Chief Financial Officer

LOUDON, Tenn., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today the appointment of Bruce Beckman as Chief Financial Officer, effective November 27, 2023. He will be joining as a member of the executive team and report directly to the Company’s Chief Executive Officer, Jack Springer. Malibu’s Interim Chief Financial Officer, David Black, will transition to the role of Vice President, Finance for Malibu Boats at that time.

“I want to welcome Bruce to the Malibu Boats family. I have no doubt he will play a critical role in advancing our industry leading position, executing our long-term strategic plan and further elevating our finance organization at the Company. In his past roles, he has demonstrated his ability to create positive change and produce strong results, with a proven track record of strategic and operational execution,” commented Jack Springer, MBI’s Chief Executive Officer. “I also want to extend my sincerest gratitude to David for stepping in and leading our finance organization as we embarked on this search for our next Chief Financial Officer.”

Bruce joins Malibu from Entegris, where he most recently served as Senior Vice President of Finance. During his more than eight-year tenure, he held several positions of increasing responsibility within the finance function, which includes leading a global team of over 200 FP&A and Accounting professionals, to drive the financial performance of a global manufacturing company serving the dynamic, high growth semiconductor industry. Prior to Entegris, Bruce worked in numerous capacities for General Mills, Inc., including Vice President of Finance for the Meals Division, Director of Corporate Planning & Analysis and Director of Internal Controls. He holds a Bachelor of Science in Business from the University of Minnesota and a Master of Business Administration degree from the University of Minnesota Carlson School of Management.

As Chief Financial Officer of Malibu Boats, Bruce will be responsible for the financial management of the Company, including leading the Accounting, Finance, Internal Audit and Investor Relations teams. He will also lead the Company’s planning processes, as well as partner with the executive team to drive Malibu’s next stage of growth.

About Malibu Boats, Inc.

Based in Loudon, Tennessee, Malibu Boats, Inc. (MBUU) is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive and outboard boats. Malibu Boats, Inc. is the market leader in the performance sport boat category through its Malibu and Axis boat brands, the leader in the 23’ - 36’ segment of the sterndrive boat category through its Cobalt brand, and in a leading position in the saltwater fishing boat market with its Pursuit and Cobia offshore boats and Pathfinder, Maverick, and Hewes flats and bay boat brands. A pre-eminent innovator in the powerboat industry, Malibu Boats, Inc. designs products that appeal to an expanding range of recreational boaters, fisherman and water sports enthusiasts whose passion for boating is a key component of their active lifestyles. For more information, visit www.malibuboats.com, www.axiswake.com, www.cobaltboats.com, www.pursuitboats.com, or www.maverickboatgroup.com.