Marine Concepts/Design Concepts president announces resignation - Trade Only Today

Marine Concepts/Design Concepts president announces resignation

Marine Concepts/Design Concepts said president Matt Chambers is leaving the company, citing family matters.
Author:
Publish date:

Marine Concepts/Design Concepts said president Matt Chambers is leaving the company, citing family matters.

Chairman J. Pearson will oversee operations while company executives and senior staff continue to work with customers during the transition.

"It has been a great 10 years with Marine Concepts/Design Concepts,” Chambers said in a statement. “Due to family matters, wishing to live closer to family and taking in my father-in-law, I have made the tough choice to leave the company, effective Oct. 28.”

The company was bought by Leisure Product Holdings LLC in February; Mac Spencer retired as CFO in May.

“The new ownership, who are fully committed to invest in our growth, was the best move for the company in my tenure,” Chambers said. “We have purchased a new CMS 5-Axis CNC Mill, 67 feet by 27 feet by 14 feet and expect to be operational in March of 2017. We have implemented new process improvement methods, along with many other items to ensure we grow, and more importantly improve our ability to take care of our customers. I leave a company that is well run by a great team. I will miss our customers, suppliers, team and families greatly."

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.