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Marine Products Corp. restructures management

Marine Products Corp., the parent company of Chaparral Boats and Robalo Boats, announced an operational management restructuring.

The Chaparral and Robalo business units will be managed by an operational executive team directed by Chaparral founder and executive vice president Buck Pegg. The team will be composed of senior vice presidents Ann Baldree, Bill Pegg and Mike Fafard.

Baldree will manage dealer sales and customer service; Pegg will direct the human resource, information technology, finance and purchasing departments; and Fafard will lead new product research, design and development.

Each of these people have been with Marine Products for more than 10 years and the company said they have served in similar roles successfully.

Marine Products president and CEO Richard Hubbell is the newly appointed president of Chaparral Boats.

“Our pleasure boat manufacturing operations have performed very well since the end of the recession, and are well into their seventh year of broader product offerings, increased dales and greater market share in their three principal product categories,” Hubbell said in a statement. “Our newly formed operational executive team consists of dedicated, experienced managers who will continue to propel our growth.”

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