Malibu Boats, Inc. has appointed Melanie Cook, former Chief Operating Officer of GE Appliances, to its board of directors as an independent director, effective immediately. Cook brings over three decades of leadership experience across operations, manufacturing, and business strategy, having managed global operations of a multibillion-dollar business and its 13,000 employees until her retirement in 2021.
Her appointment comes prior to John Stokely's retirement in October 2025, who has served on the company’s board of directors since February 2014. Steve Menneto, President and Chief Executive Officer of Malibu Boats, Inc., expressed excitement about Cook's appointment, highlighting that her experience leading complex manufacturing organizations and driving operational transformation will be a tremendous asset to the company.
Malibu Boats, Inc. is a leading designer, manufacturer, and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive, and outboard boats. The company is the market leader in the performance sport boat category through its Malibu and Axis boat brands, and it holds 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. Today the company's shares have moved 1.11% to a price of $32.76. Check out the company's full 8-K submission here.
