Brunswick Corp. said today that Mark Schwabero was elected to the newly created post of president and chief operating officer and Brunswick Boat Group president Andy Graves will be leaving the company.
Schwabero, most recently president of Brunswick's Mercury Marine engine segment, will be succeeded by John Pfeifer, who had been vice president of global operations for Mercury Marine.
Schwabero will report to chairman and CEO Dusty McCoy. Graves' direct reports — planning and business development vice president Jeff Behan, Boston Whaler president Huw Bower, Freshwater Group president Jeff Kinsey and Recreation Boat Group president Tim Schiek — will report to Schwabero.
Schwabero will be responsible for all of Brunswick's day-to-day operations, with the leadership of the company's four business segments — engine, boat, fitness and bowling and billiards — reporting to him.
"An important responsibility of our board of directors is to ensure that we have a deep and robust succession process. Today's announcement reflects the quality of that process," McCoy said in a statement.
"Mark is an accomplished executive who is intimately familiar with Brunswick's markets, particularly those in the marine segment from which the company derives the majority of its sales and earnings. The role of chief operating officer positions Mark to better learn and actively manage Brunswick's overall operation and each of its business segments and to develop and execute our strategic imperatives.
"John Pfeifer is taking the helm of a Mercury Marine organization that is strong and vibrant and building upon the momentum of a number of recent new products and engine innovations," McCoy said. “John has been an integral member of Mercury's leadership team, helping to fashion an energized organization that is setting the pace in today's global marine marketplace.”
"In conclusion, the fact that we can adopt and staff such an organization structure totally from within our management ranks is testimony to the depth, talent and bench strength that we have fashioned through the years at Brunswick," McCoy continued.
"We will miss Andy Graves, and we wish him the best and thank him for his contributions. He leaves behind a Boat Group that is better prepared and positioned to continue to prosper in this evolving and challenging marine market environment.”