FX.co ★ Malibu Boats Names Steve Menneto President

Malibu Boats, Inc. (MBUU), a renowned manufacturer of watersports towboats, announced on Friday that Steve Menneto, the current Chief Executive Officer, will take on the role of President following Ritchie Anderson's retirement on February 7. Anderson, who has dedicated 12 years of service to the company, will maintain his position as President until the transition period concludes. Meanwhile, Donna Tallent, the Senior Vice President of Operations, will oversee MBI operations during this time. Tallent, along with the Brand Presidents, will report directly to CEO Steve Menneto. Earlier this week, on Wednesday, MBUU's stock value rose by 3.53% to close at $43.64 on the Nasdaq. However, in pre-market trading, the stock has dipped by 1.47%, now standing at $43.00.