MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat and yacht retailer, marina operator, and superyacht services company, has announced strategic leadership expansion to accelerate yacht and superyacht market growth. Charles A. Cashman, the company's Chief Revenue Officer, will now serve as the Senior Vice President of Global Yacht Sales, dedicating his efforts to driving continued growth within MarineMax's expanding yacht and superyacht business.
Since joining MarineMax in 1992, Mr. Cashman has held various positions within the company, including Vice President of East Operations and Executive Vice President of Sales, Marketing, and Manufacturer Relations. His proven ability to drive sales growth, build strong manufacturer relationships, and inspire high-performing teams has led to his appointment as the head of yacht sales strategy, execution, and performance.
Under his leadership, MarineMax aims to achieve sustained growth across brands, regions, and customer segments. Mr. Cashman will work closely with executive leadership and brand partners to deliver integrated sales and marketing initiatives, strengthen team capabilities through targeted development, and foster a consistent, high-performance culture across MarineMax's global sales organization.
MarineMax, with over 120 locations worldwide, including over 70 dealerships and over 65 marina and storage facilities, is focused on expanding its presence in the yacht and superyacht segments. The company's integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world, as well as leading superyacht brokerage and luxury yacht services companies such as Fraser Yachts Group and Northrop & Johnson.
Moreover, MarineMax operates Cruisers Yachts, a premier manufacturer of sport yachts, motor yachts, and Aviara luxury dayboats, as well as Intrepid Powerboats, a premier manufacturer of powerboats. The company also provides financing and insurance services, along with leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and BoatZon. Additionally, MarineMax offers charter vacation experiences through MarineMax Vacations in Tortola, British Virgin Islands.
The appointment of Charles A. Cashman as the Senior Vice President of Global Yacht Sales signifies MarineMax's commitment to advancing its leadership in the global yacht and superyacht markets. With a focus on building on the company's momentum and strengthening client relationships, Mr. Cashman's expanded role reflects MarineMax's dedication to capturing new opportunities and delivering exceptional value to its clients and partners worldwide. The market has reacted to these announcements by moving the company's shares -1.8% to a price of $25.04. For more information, read the company's full 8-K submission here.
