Malibu Boats CEO Jack Springer to depart by May 2024, Ritchie Anderson promoted to President, and Michael Hooks takes on Executive Chair role.
Malibu Boats CEO Jack Springer to depart by May 2024; Ritchie Anderson, COO, promoted to President. Michael Hooks, Chair, takes on Executive Chair role until new CEO announced. Springer to resign as Board Director. Interim CEO Office with Anderson and Hooks in place if no new CEO. Fiscal 2024 guidance: net sales decline mid-to-high thirties %, Adjusted EBITDA margin down 800-900 bps YoY.
February 20, 2024
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