Patrick Industries, Inc. (NASDAQ: PATK) has announced the appointment of Jake Petkovich as the new President * Marine, replacing Rick Reyenger, effective May 19, 2025. Petkovich brings with him a wealth of experience, having previously served as the Chief Financial Officer and Treasurer of Patrick from 2020 to 2023.
Under Petkovich's leadership, the company's marine businesses are expected to continue growing and innovating, while also focusing on delivering value to shareholders through strategic diversification. His return to Patrick Industries is seen as a move that will further drive the organization's financial strategy and operational efficiency.
Rick Reyenger, who will be transitioning into a strategic advisory role, has played a significant part in shaping the company's marine business strategy. He has been instrumental in the successful integration and growth of several marine businesses, following Patrick's acquisition of Marine Accessories Corporation in 2018.
The press release also highlighted the company's commitment to quality, customer service, and innovation. Patrick Industries, a leading component solutions provider for the RV, marine, powersports, and housing markets, is home to more than 85 leading brands and employs approximately 10,000 skilled team members across the United States.
These developments come as Patrick Industries continues to empower manufacturers and outdoor enthusiasts to achieve next-level recreation experiences, with a customer-focused approach that integrates design, manufacturing, distribution, and transportation in a full solutions model. The market has reacted to these announcements by moving the company's shares -0.2% to a price of $86.10. For the full picture, make sure to review PATRICK INDUSTRIES INC's 8-K report.
