Malibu Boats, Inc. announced that Ritchie Anderson, the Company?s current Chief Operating Officer (?COO?), has been promoted to President, effective immediately. Michael Hooks, Malibu?s current Chair, will assume the role of Executive Chair, effective immediately, until a new CEO is announced. Mr. Springer will resign as a Director of Malibu?s Board of Directors upon his departure as CEO.

If a new CEO has not been appointed at the time of Mr. Springer?s departure, an interim Office of the CEO, including Mr. Anderson and Mr. Hooks, has been established and will assume the role of CEO. Mr. Anderson has over 41 years of experience in the marine industry and has served as the Company?s COO since 2013, after joining Malibu in 2011. Mr. Hooks has been a member of the Company?s board since 2006.

He was a co-founder of Black Canyon Capital LLC, which acquired the assets of Malibu from its founder in 2006.