Malibu Boats, Inc. (Nasdaq: MBUU) has announced the appointment of David Black as Interim Chief financial officer. Malibu’s current chief financial officer, Wayne Wilson has notified the Company of his resignation to pursue a similar role at a private equity-backed private company in Knoxville, Tenn. Mr. Wilson will actively serve in an advisory role and assist with the transition through May 12, 2023. The Board of Directors has initiated a search for Mr. Wilson’s successor.
“For almost fourteen years, Wayne has been a critical partner in creating and implementing the Company’s strategic vision and positioning Malibu Boats for future success. His intelligence and understanding of the business are extraordinary, and while he will be missed, we know this is an opportunity for him to expand professionally,” commented Jack Springer, CEO and director of Malibu Boats Inc. “Wayne leaves behind a strong finance organization that supports over 3,000 team members committed to our next generation of growth. On behalf of everyone at Malibu, I would like to deeply thank Wayne for his leadership, dedication, and many contributions to the Company.”
Mr. Black has served as Malibu’s corporate controller since November 2020, having previously served as the Company’s director of internal audit since 2017. He has also played an active role in the due diligence and integration activities related to Malibu’s acquisitions since 2017. He has over sixteen years of experience in accounting and finance, working for both public and private companies. Mr. Black received a B.A. in Finance from Fairmont State University, and is a certified public accountant (CPA) and certified internal auditor (CIA).
“On behalf of the Board of Directors, we want to thank Wayne for his commitment to Malibu and wish him all the best in his next chapter,” commented Michael K. Hooks, chairman of Malibu Boat’s Board of Directors. “David brings a wealth of industry knowledge and financial expertise, along with a demonstrated track record of supporting the execution of our strategic initiatives. We have the utmost confidence that this will be a smooth transition as we commence the search for our next CFO of Malibu Boats.”
“It has been an honor for me to work with such a talented team and be part of the incredible transformation and growth at Malibu Boats. I leave knowing that Malibu remains incredibly well-positioned – competitively, operationally and financially – to expand its leadership as the premier recreational boats manufacturer. I appreciate the opportunity provided to me by the Board and Jack and look forward to watching the continued success of Malibu Boats,” noted Wayne Wilson.