OneWater Marine Announces the Appointment of Greg Shell to its Board of Directors
March 23 2022 - 7:00AM
OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Company”)
today announced the appointment of Greg Shell to the Company’s
Board of Directors as an additional independent director, effective
as of April 1, 2022. This appointment will increase the size of the
Board from nine to ten directors, eight of whom are independent.
“We are delighted to welcome Greg to the Board
of Directors. His capital markets experience, coupled with his
governance and financial expertise that support growth acceleration
will be incredibly valuable as we further advance OneWater’s
strategy. At the same time, his expertise in effecting positive
societal and environmental change will provide critical insight as
we advance our environmental, social, and governance efforts,” said
Mitchell Legler, OneWater’s Chairman of the Board. “With the
addition of Greg, the breadth and depth of the Board will be
stronger and more diverse than ever before, which we believe
supports long-term value creation for our shareholders
Mr. Shell currently serves as Managing Director
at Bain Capital, a position he has held since 2016. He has
successfully raised and managed two vintages of the Double Impact
fund that focuses on sustainability, health and wellness, and
community building. Prior to Bain Capital, Mr. Shell was a
Portfolio Manager at Grantham, Mayo, Van Otterloo where he served
as the Head of Americas, leading all investments in the U.S., Latin
America, and Canada. In addition, Mr. Shell was the Lead Portfolio
Manager of the Global Focused Equity Fund which is benchmarked to
MSCI-ACWI, and co-managed a $4 billion foreign fund EAFE strategy
and $1 billion small-cap International Equity Fund.
Mr. Shell currently serves on the Board of
Directors for Eastern Bank, the largest independent, mutually owned
bank in New England with over $11 billion in assets; Harvard
Pilgrim, a leading not-for-profit health services company, and
Fiduciary Trust, a private wealth management firm with $12 billion
in assets. Mr. Shell completed his undergraduate education at the
Massachusetts Institute of Technology and holds a Masters of
Business Administration degree from Harvard Business School.
About OneWater Marine Inc.
OneWater Marine Inc. is one of the largest and
fastest-growing premium marine retailers in the United States.
OneWater operates a total of 75 retail locations, 9 distribution
centers/warehouses and multiple online marketplaces in 16 different
states, several of which are in the top twenty states for marine
retail expenditures. OneWater offers a broad range of products and
services and has diversified revenue streams, which include the
sale of new and pre-owned boats, finance and insurance products,
parts and accessories, maintenance, repair and other services.
Investor or Media Contact:Jack
EzzellChief Financial
OfficerIR@OneWaterMarine.comCautionary Statement Concerning
Forward-Looking Statements
This press release may contain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. In some cases, you can identify forward-looking
statements because they contain words such as “may,” “will,”
“will be,” “will likely result,” “should,” “expects,” “plans,”
“anticipates,” “could,” “would,” “foresees,” “intends,” “target,”
“projects,” “contemplates,” “believes,” “estimates,” “predicts,”
“potential,” “outlook” or “continue” or the negative of these words
or other similar terms or expressions that concern our
expectations, strategy, plans or intentions. These forward-looking
statements are not guarantees of future performance, but are based
on management's current expectations, assumptions and beliefs
concerning future developments and their potential effect on us,
which are inherently subject to uncertainties, risks and changes in
circumstances that are difficult to predict. Our expectations
expressed or implied in these forward-looking statements may not
turn out to be correct.
Important factors, some of which are beyond our
control, that could cause actual results to differ materially from
our historical results or those expressed or implied by these
forward-looking statements. More information on these risks and
other potential factors that could affect our financial results is
included in our filings with the Securities and Exchange
Commission, including in the “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” sections of our Annual Report on Form 10-K for the
fiscal year ended September 30, 2021 and in our subsequently filed
Quarterly Reports on Form 10-Q, each of which is on file with the
SEC and available from OneWater Marine’s website at
www.onewatermarine.com under the “Investors” tab, and in other
documents OneWater Marine files with the SEC. Any forward-looking
statement speaks only as of the date as of which such statement is
made, and, except as required by law, we undertake no obligation to
update or revise publicly any forward-looking statements, whether
because of new information, future events, or otherwise.
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