Malibu Boats, Inc. announced that Paxson St. Clair officially announced that he would be stepping down from his role as President of Cobalt Boats and Board Member for Malibu Boats, Inc. to spend more time with family. Paxson will remain highly engaged with the brand that he and his family built by assuming a part-time role focused on Cobalt Dealer development and sales strategy. Shane Stanfill is appointed to the new President of Cobalt Boats. Shane Stanfill joined Malibu Boats, Inc. over two years ago and has been working directly with the Cobalt Boats team in Neodesha, KS as the Vice President of Operations, as he prepared to take on this new role. Malibu also announced the addition of Chip Smith to the Malibu Boats, Inc. (MBUU) executive team, in the newly created role of Vice President of Marketing, as of April 2019. Smith will be responsible for driving marketing strategy for the Malibu, Axis, Cobalt and Pursuit Brands.
Malibu Boats, Inc. is a designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport boats, sterndrive and outboard boats. The Company's brands include Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt. The Companyâs Malibu segment includes manufacturing, distribution, marketing and sale of Malibu and Axis performance sports boats throughout the world. The Company's product portfolio of premium brands is used for a broad range of recreational boating activities including, among others, water sports, general recreational boating and fishing. The Companyâs Saltwater Fishing segment is engaged in manufacturing, distribution, marketing and sale throughout the world of Pursuit boats and the Maverick Boat Group boats (Maverick, Cobia, Pathfinder and Hewes). The Companyâs Cobalt segment is engaged in manufacturing, distribution, marketing and sale of Cobalt boats throughout the world.
MALIBU BOATS, INC. 
