A decade after Mark Schwabero joined Mercury Marine as president of its outboard business unit he is positioned to be Brunswick Corp. chairman and CEO Dustan McCoy’s eventual successor. Although Schwabero has big shoes to fill, he has taken the lead on several initiatives that have turned Mercury into Brunswick’s most profitable segment.
President Obama announced that he will designate the world’s largest marine preserve in a large swath of the Pacific Ocean, making the area off-limits to fishing, energy exploration and other activities. The action expands upon and more than quadruples a protective measure that George W. Bush took during his presidency.
It came down to poor finances, a captain’s superstition that voyages should never begin on Friday — the day of Jesus Christ’s crucifixion — the desire to get home in time for Thanksgiving and the belief that a ship is safer at sea than at port during a storm.
President Obama signed bipartisan legislation this week acknowledging that recreational boating is a significant contributor to the nation’s economy, according to BoatUS, which said it will work to implement the law.
An analysis firm is raising its guidance of MarineMax after holding “bullish” management meetings with CEO Bill McGill and chief financial officer Mike McLamb that indicated an increase in retail lending and higher-than-expected margins would contribute positively to the company’s bottom line.
The Marine Industries Association of South Florida is hosting a panel discussion Wednesday on the industry’s economic impact and educational opportunities, followed by the launch of a scholarship program, at Nova Southeastern Oceanographic Center in Dania Beach.