MarineMax, Inc. (NYSE: HZO) has announced the appointment of Daniel Schiappa to its board of directors, effective immediately. This appointment is seen as a move to advance board refreshment and independence, bringing in a new director with global technology expertise. At 57 years old, Schiappa brings more than two decades of experience leading global product, research and development, strategy, and cybersecurity teams across high-growth startups and Fortune 500 companies.
With Schiappa's appointment, the company's board will continue to be comprised of eight directors, seven of whom are independent. This change comes as part of the board's ongoing refreshment process, with Michael H. McLamb, MarineMax's Chief Financial Officer, stepping down from the board but continuing to serve as the company's Executive Vice President and Chief Financial Officer.
Schiappa has been appointed to the MarineMax board's audit committee, where his expertise in technology strategy, enterprise risk management, and cybersecurity oversight, as well as his global operating experience, will support the company's strategic growth initiatives.
Rebecca White, Ph.D., chairperson of the company's board, emphasized that Schiappa's appointment underscores the company's commitment to ensuring the board's expertise is closely aligned with MarineMax's long-term strategic priorities. This move is particularly relevant as the company continues to navigate the digital transformation of the recreational marine industry.
The press release also highlighted Schiappa's professional background, noting that he currently serves as President, Technology & Services at Arctic Wolf Networks, where he is responsible for leading product management, research and development, threat intelligence, strategy, alliances, SOC operations, support, incident response, and concierge services across a global 2,000-person organization.
Furthermore, the release noted that Schiappa was previously the Executive Vice President & Chief Product Officer at Sophos, where he led a business with more than $1 billion of revenue and over 1,000 employees across end-user, network, cloud, and messaging security. His prior experience includes senior leadership positions at RSA (EMC) and Microsoft, among other executive roles at various technology companies, as well as being the holder of more than 18 patents.
The addition of Schiappa to the board is a strategic move by MarineMax to bring in expertise that aligns with the company's vision for growth and technology investments. This appointment is also part of the company's commitment to strong corporate governance practices and thoughtful board succession planning. The market has reacted to these announcements by moving the company's shares 2.13% to a price of $25.87. Check out the company's full 8-K submission here.
