MasterCraft CEO plans to retire this summer

Posted on

John Dorton, president and CEO of MasterCraft and Hydra-Sports, is retiring this summer, he told Soundings Trade Only this morning.

“It’s been over 15 great years there, and now seemed like as good a time as any to leave. We’re No.1 in market share and the company’s profitable. We have some great products coming out. We’ve got a pretty healthy dealer network,” he said. “It’s always going to be tough. I love that company. I’ve wanted to work there since college and finally got my chance to do it. It’s been a great ride.”

Dorton, 50, said he will stay on through the transition, and likely stay on as an adviser to the board of directors for two years. He also serves on other companies’ boards.

In retirement, he said he’ll take time to enjoy life. Dorton said he and his wife have an interest in a ranch in Colorado, and “we’ll certainly always have a MasterCraft at the dock.”

“It will be nice to have a couple of years to do some of the things that we have at our disposal,” he said.

Asked what he’d miss most, Dorton said the people he’s worked with and met throughout his time at the company.

“I had a real close relationship with the manufacturing team out in the plant and with the dealers and with a lot of customers and professional skiers and wakeboarders,” he said. “I just got fully ingrained in the business. I would get out and work side by side in a lot of the manufacturing pods, and I would get out with the wakeboarders and skiers and evaluate boats, and then I would go to boat shows and events nearly every weekend.

“They’re the ones that kept me going in hard times and kept me smiling in good times,” Dorton added.

The accomplishment he is most proud of is the strategic decision to focus on the core high-end watersports enthusiast at a time when others companies were trying to appeal to a mass audience. The philosophy helped the company maintain and grow market share. Profitability is up significantly as a percentage from last year, and retail sales are up, he said.

Dorton said that during the recession he never lost sight of the importance of bringing employees back to work and getting the factory humming again. During the dark times, he would park in the back of the plant and walk through the empty parking lot to remind himself of this.

Today, there are 450 people working at the Vonore, Tenn., facility, he said.

Dorton said he’s not sure whether he will get back into the boating industry in the future, but he’s certainly not closing the door on that possibility. He told National Marine Manufacturers Association president Thom Dammrich that he’s happy to serve in any way that’s useful, willing to work for “airplane tickets and Joe’s stone crabs.”

“I will be a lifelong supporter of the marine industry,” he said, adding that his son is set to begin working at MasterCraft later this spring. “It’s in our blood.”

Dorton said he has wanted to work for the company since he graduated from the University of Tennessee, and it took 13 years to get an answer to his resume and join the company as marketing director.

“I never took my eye off of MasterCraft,” he said. “I really feel good about where we stand. I think in the next six months the business is going to really heal greater even yet. If there’s any time to do it in the next near future, this is it. It feels like everything’s healed, the company’s profitable.”

— Beth Rosenberg

b.rosenberg@tradeonlytoday.com

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

3 comments on “MasterCraft CEO plans to retire this summer

  1. Grand Man

    Congratulations, to John for deciding to take time, and enjoy some of the success of his career. The MasterCraft heritage lives on as the number one and most successful Ski Tow boat in the entire marine industry. They continue to enjoy profits, the most market share, and lead the industry with innovations in their segment. The Sales and Marketing team has done an outstanding job of developing markets, new products, and increasing revenues, even when others in the industry were not as fortunate. It’s no secret, you can’t lead from behind. You have different facets of a company supporting operations, but only one leads the direction of the business. Hats off, to the Sales and Marketing group for their passion to succeed.

  2. Brett Trimbath, Master Marine

    Congratulations, John!!!

    I remember the day you walked into my MasterCraft showroom on Virginia Beach Blvd back in 1995 and you told me that you were considering taking a marketing position with MasterCraft. You said you had some fantastic ideas for the company and you were anxious to get out to Vonore to meet the bosses.
    Man, you weren’t kidding!!!!
    I had the pleasure to watch you over the past 15 or so years as you transformed that company from the ground up to the helm. You are walking proof the you can be anything you want if you follow your dreams and work hard.
    I am extremely proud to know you.
    You are in my book as a truly great American and top role model for CEOs.
    I hope you will stay close to the marine industry and continue to share your ideas and leadership.

    Fair Winds and Following Seas.

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Did 2014 meet your sales expectations?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password