Advances Ongoing Commitment to Refreshment
and Strong Corporate Governance
Biumi Brings More Than 40 Years of Senior
Financial, Operational and Board Experience
Hilliard M. Eure III Retires From the
Board
MarineMax, Inc. (NYSE: HZO), the world’s largest recreational
boat, yacht and superyacht services Company, today announced the
appointment of Bonnie S. Biumi to its Board of Directors, effective
September 1, 2024. Ms. Biumi, 62, will also serve as chair of the
Audit Committee, replacing Hilliard M. Eure III, who simultaneously
will retire from the Board after 20 years of service.
Ms. Biumi brings more than 40 years of public accounting and
operational leadership experience across diverse industries and an
extensive corporate governance background. She most recently served
as President and Chief Financial Officer of Kerzner International
Resorts, Inc., a developer, owner, and operator of destination
resorts, casinos, and luxury hotels. Ms. Biumi previously held
senior-level financial positions at NCL Corporation, Royal
Caribbean Cruises, Neff Corporation, Peoples Telephone Company, and
Price Waterhouse.
Rebecca White, Chairperson of the MarineMax Board, stated,
“Bonnie’s exceptional financial acumen, extensive corporate
governance experience, and proven operations background complement
and elevate our Board’s collective expertise. We are delighted to
welcome her as our newest independent director, a strategic
addition that reinforces our commitment to board refreshment,
director independence and diversity. Our rigorous governance
framework ensures alignment between the Company's strategic
priorities and shareholder interests as we expand our market
diversification, accelerate growth, and set new industry standards
for customer experiences across the recreational marine
market.”
Ms. White continued, “I also want to express the Board’s deep
appreciation to Hilliard for two decades of outstanding service as
a Board member and valued chair of the Audit Committee.”
“I am honored to join the MarineMax board and look forward to
leveraging my expertise to enhance our strategic plan,” Ms. Biumi
said. “My goal is to contribute a fresh perspective and draw on my
experience to help the Company build upon its 26-year legacy of
leadership in the recreational marine market, positioning MarineMax
for sustained growth and shareholder value creation.”
About Bonnie Biumi
Ms. Biumi has four decades of financial and operational
expertise, most recently as President and Chief Financial Officer
of Kerzner International Resorts, Inc. from 2007 to 2012. Prior to
that, she held senior-level finance roles at NCL Corporation, Ltd.
(NYSE: NCLH), Royal Caribbean Cruises, Ltd. (NYSE: RCL), Neff
Corporation, Peoples Telephone Company, Inc. and Price Waterhouse.
Ms. Biumi is a member of the Board of Trustees of Kite Realty Group
(NYSE: KRG) and the Board of Directors of Caesars Entertainment,
Inc. (NASDAQ: CZR) and serves on the Audit Committee of both
organizations. In addition, she is Chair of the Audit Committee of
Virgin Cruises Limited and Virgin Cruises Intermediate Limited, a
privately held joint venture between the Virgin Group and Bain
Capital. From 2012 to 2017, Ms. Biumi served on the Board of
Directors of Isle of Capri Casinos, Inc., and from 2013 to 2015,
she served on the Board of Directors of Home Properties, Inc. Ms.
Biumi received a B.S. in Accounting from the University of Florida
and is a certified public accountant.
About MarineMax
As the world’s largest lifestyle retailer of recreational boats
and yachts, as well as yacht concierge and superyacht services,
MarineMax (NYSE: HZO) is United by Water. We have over 125
locations worldwide, including over 75 dealerships and 65 marina
and storage facilities. Our integrated business includes IGY
Marinas, which operates luxury marinas in yachting and sport
fishing destinations around the world; Fraser Yachts Group and
Northrop & Johnson, leading superyacht brokerage and luxury
yacht services companies; Cruisers Yachts, one of the world’s
premier manufacturers of premium sport yachts and motor yachts; and
Intrepid Powerboats, a premier manufacturer of powerboats. To
enhance and simplify the customer experience, we provide financing
and insurance services as well as leading digital technology
products that connect boaters to a network of preferred marinas,
dealers, and marine professionals through Boatyard and Boatzon. In
addition, we operate MarineMax Vacations in Tortola, British Virgin
Islands, which offers our charter vacation guests the luxury
boating adventures of a lifetime. Land comprises 29% of the earth’s
surface. We’re focused on the other 71%. Learn more at
www.marinemax.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking as
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements include the alignment between the
Company’s strategic priorities and shareholder interests; and the
Company’s expansion of its market diversification, acceleration of
growth, and setting of new industry standards. These statements are
based on current expectations, forecasts, risks, uncertainties, and
assumptions that may cause actual results to differ materially from
expectations as of the date of this release. These risks,
assumptions, and uncertainties include the Company’s abilities to
reduce inventory, manage expenses and accomplish its goals and
strategies, the quality of the new product offerings from the
Company’s manufacturing partners, the performance and integration
of the recently-acquired businesses, general economic conditions,
as well as those within the Company's industry, the liquidity and
strength of our bank group partners, the level of consumer
spending, and numerous other factors identified in the Company’s
Form 10-K for the fiscal year ended September 30, 2023 and other
filings with the Securities and Exchange Commission. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240828785370/en/
Michael H. McLamb Chief Financial Officer 727-531-1700
Scott Solomon Sharon Merrill Advisors 857-383-2409
HZO@investorrelations.com
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