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Marine Products announced… Marine Products announced several changes within its senior leadership team and among its Board of Directors. Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo. Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series. Chaparral's outboard offerings include OSX Luxury Sportboats, and SSi and SSX outboard models. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay Boat models. The following changes to Marine Products' Executive Officers and Board of Directors are effective immediately: The transition of Richard A. Hubbell, President and CEO, to Executive Chairman of the Board of Directors; The relinquishment by Gary W. Rollins of his position as Marine Products Corporation's Non-Executive Chairman of the Board, while continuing as a Company Director; The promotion of Ben M. Palmer, CFO, to President and CEO, and his election by the Board as a Class I Director; The appointment of Michael L. Schmit to Chief Financial Officer and Corporate Secretary. Richard A. Hubbell previously served as President and CEO of Marine Products since its formation in 2001. He has also served as a Director of Marine Products Corporation. Hubbell is currently the Executive Chairman of the Board of RPC, and previously served as President of RPC, Inc. from 1987 to 2022 and CEO from 2005 to 2022. Previously, Hubbell served as the Executive Vice President of Rollins Communications. Ben M. Palmer previously served as CFO of Marine Products Corporation since its formation in 2001 and as Corporate Secretary since 2018. Palmer is currently the President and CEO, and a Director of RPC. Michael L. Schmit joins Marine Products Corporation from SWM International, where he served as Chief Accounting Officer and Corporate Controller. Prior to that, he served as the Chief Accounting Officer and Corporate Controller of Chart Industries. Earlier in his career, Mike worked for other public companies and in public accounting, both in the U.S. and Australia. Effective today, he is also the CFO and Corporate Secretary of RPC. |
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