Skip to main content

Brunswick to streamline its finance organization

Brunswick Corp says it has planned changes to streamline its corporate finance organization as it move forwards towards the separation of its Fitness business into a marine-only company.

The company said in a statement that, effective June 3, Randall S. Altman, Brunswick’s vice president and treasurer, will become controller, succeeding Daniel J. Tanner, who will be leaving Brunswick. Ryan M. Gwillim, vice president of investor relations, will transition into a new, expanded role, as vice president of finance and treasurer. Both Altman and Gwillim will report to William L. Metzger, Brunswick’s senior vice president and chief financial officer.

Altman, Brunswick’s treasurer since March 2013, was “instrumental in developing and executing Brunswick’s capital strategy as well as significantly strengthening Brunswick’s balance sheet,” said the statement. Altman also played a key role in reshaping Brunswick’s business portfolio, including the sale of the former bowling operations along with the completion of a number of acquisitions, including Power Products. Altman joined Brunswick in 2003 as senior manager of finance.

“Randy has distinguished himself during a time of significant change and growth for the company,” Metzger said in the statement. “His interactions with the financial community have been outstanding, and his knowledge of our operations and grasp of our strategic direction uniquely position Randy to assume the controller’s reins from Dan Tanner. We thank Dan, who has been with Brunswick since 2001, for so capably employing his skill sets in several key financial roles throughout the organization. We deeply appreciate his substantial contributions to the success of the business and wish him the best.” Tanner will remain with the organization until June 30 to ensure a smooth transition.

Gwillim was named to his current position in September 2017, where he has been responsible for Brunswick’s global investor relations efforts. He joined Brunswick’s legal team as corporate counsel in 2011. He was named associate general counsel - international in 2015.

“A highly respected and effective representative of the company to our shareholders and the investment community, Ryan’s contributions have been significant,” Metzger said. “During his time with Brunswick, Ryan has been integral in completing acquisitions, had previous involvement in the Company’s SEC compliance and financial reporting processes, and is valued for his counsel and insights.”

Related

CRUISERS

Industry Mourns Cruisers Yachts Owner

K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”

GRANDBANKS

Grand Banks Purchases Florida Property

The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.

LIMESTONE-Q3

Limestone Boat Co. Posts Q3 Results

Unit production was down compared with the second quarter, and revenues decreased 33%.

SIREN-YAMAHA

Yamaha Dealers Now Carry Siren Systems

Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.

Northpoint

Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.

BRP

BRP Reports 71% Increase in Q3 Revenues

The Sea-Doo manufacturer had total revenue of $2.7 billion, but North American marine retail sales were down 47%.

Airmar

Airmar Announces Training Dates

Certified Installer and SmartBoat system classes are being held this month in New Jersey and next year in New Hampshire.

Norm

The Survey Says …

Surveying customers to find out what they think about your business has never been more important.

1_MDI

Marine Development Inc. Changes Hands

Mick Webber, the former president/CEO and owner of HydroHoist, has purchased the company from its founders.