MALIBU BOATS CLASS A INC (MBUU)
Sector: Consumer Discretionary
Sector: Consumer Discretionary
MALIBU BOATS CLASS A INC - Executive Compensation
President and Chief Executive Officer
Executive Compensation
Steven D. Menneto serves as President and Chief Executive Officer of Malibu Boats Class A Inc., a leading designer, manufacturer, and marketer of high-performance recreational powerboats. With over 25 years of experience in the marine and powersports industries, Menneto brings a proven track record of driving growth, innovation, and operational excellence. Prior to joining Malibu Boats in 2017 as President of the Malibu Boats brand, he held senior leadership roles at Polaris Industries, where he oversaw the company's powersports division, including iconic brands like Indian Motorcycle and RZR off-road vehicles. Earlier in his career, Menneto spent more than a decade at Bombardier Recreational Products (BRP), rising to Executive Vice President of Sales and Marketing, managing global sales for Ski-Doo snowmobiles, Sea-Doo personal watercraft, and Can-Am off-road vehicles. In November 2021, Menneto was appointed President and CEO of Malibu Boats, succeeding Jack Springer. Under his leadership, the company has expanded its portfolio through strategic acquisitions, including Cobalt Boats in 2018 and Pursuit Boats in 2019, solidifying its position as North America's largest powerboat manufacturer by volume. Menneto has championed initiatives focused on digital transformation, supply chain optimization, and product innovation, resulting in record revenues, enhanced market share, and award-winning models like the Malibu M235 and Axis A24. His emphasis on customer-centric strategies and sustainability has positioned Malibu Boats for sustained growth amid evolving industry dynamics. A strategic visionary with a passion for the boating lifestyle, Menneto continues to guide Malibu Boats toward its mission of delivering unparalleled performance and wake experiences. His leadership has earned industry recognition, including being named one of Marine Industry News' "Top 20 Leaders" in 2022, while fostering a culture of excellence that resonates across the company's brands, including Malibu, Axis, Cobalt, and Pursuit.