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Changing Places

MarineMax recently appointed Edward Russell as chief operating officer.

Russell, 49, has served as executive vice president of operations and sales since February 2008 and will continue to serve in that capacity. He served as vice president of operations from March 2006 until February 2008, and as a vice president from October 2002 until March 2006, according to documents filed with the Securities and Exchange Commission.

Russell was regional manager of Florida operations from August 2002 until October 2002 and district president for the Central and West Florida operations from March 1998 until August 2002.

Previously, Russell was an owner and general sales manager of Gulfwind USA Inc., one of the company's operating subsidiaries, now called MarineMax of Central Florida, from 1984 until its merger with the company in March 1998.

Russell will receive an increase in his annual base salary to $275,000, effective March 1, and he received a grant of 36,000 company stock options that vest on a monthly basis over a three-year period with an exercise price of $11.53.

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