MarineMax Announces Board Changes Reflecting Continued Commitment to Strong Governance

MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht and superyacht services company, today announced that the Board of Directors has announced several changes as part of its continued commitment to strong governance.

The Board has appointed Rebecca J. White, PhD, a director since 2018 and seasoned governance expert, as Chair of the Board, effective June 30, 2024. Dr. White’s appointment follows William H. McGill Jr.’s planned retirement from his position as a director and Executive Chairman of the Board, also effective June 30, 2024. Joseph A. Watters, a director since 2005, will retire from the Board effective June 30, 2024. Following these changes, the Board will be reduced to 10 directors.

“On behalf of the Board and the entire Company, I thank Bill and Joe for their contributions to the growth and success of MarineMax,” said G. Clinton Moore, Lead Independent Director. “Over a career spanning more than 50 years, Bill has been a pioneer in our industry. Beginning with the formation in 1973 of Gulfwind Marine, which became MarineMax in 1998, Bill has served as CEO, director and, most recently, Executive Chairman, building the Company into the leader it is today. The Board also has benefited from Joe’s expertise and guidance over his years on the Board, and we wish him well in retirement.”

Mr. Moore continued, “Rebecca’s election as Chair reflects the Board’s continued approach to strong, thoughtful corporate governance and its commitment to diverse board leadership. As an independent director over the past six years, Rebecca has brought a unique perspective to the Board through her deep experience in entrepreneurship, innovation strategy and effective management. Her skilled leadership, governance expertise and knowledge of MarineMax makes Rebecca, I believe, the ideal choice to lead the Board forward.”

Dr. Rebecca J. White, incoming Chair of the Board, said, “I appreciate the Board’s confidence and look forward to working with my fellow directors and the management team in this new role. The Board changes announced today underscore our long-standing commitment to strong governance and I look forward to working with my fellow directors and the management team to guide MarineMax as it executes its strategy and capitalizes on opportunities to drive growth and profitability.”