Marine Products Corporation announced several changes within its senior leadership team and among its Board of Directors. The following changes to Marine Products' Executive Officers and Board of Directors are effective immediately: The transition of Richard A. Hubbell, President and Chief Executive Officer, to Executive Chairman of the Board of Directors; The relinquishment by Gary W. Rollins of his position as Marine Products Corporation's Non-Executive Chairman of the Board, while continuing as a Company Director; The promotion of Ben M. Palmer, Chief Financial Officer, to President and his election by the Board as a Class I Director; The appointment of Michael L. Schmit to Corporate Secretary. Richard A. Hubbell previously served as President and Chief Executive Officer of Marine Products Corporation since its formation in 2001.

He has also served as a Director of Marine Products Corporation. Ben M. Palmer previously served as Chief Financial Officer of Marine Products Corporation since its formation in 2001 and as Corporate Secretary since 2018. Mr. Palmer is currently the President and Chief Executive Officer, and a Director of RPC Inc. Michael L. Schmit joins Marine Products Corporation from SWM International, where he served as Chief Accounting Officer and Corporate Controller.