Skip to main content

MasterCraft CEO joins SEC advisory committee

Terry McNew

Terry McNew

Last month the Securities and Exchange Commission launched the Small Business Capital Formation Advisory Committee. One of the founding members of the group is Terry McNew, president and CEO of MasterCraft Boat Holdings in Vonore, Tenn.

Established following the SEC Small Bustiness Advocate Act of 2016, the committee will work with the SEC’s advocate for small business capital formation to advise the commission on problems that small businesses have in securing access to capital and identify areas in which small businesses and their investors would benefit from changes to existing rules and regulations.

In a statement, the National Marine Manufacturers Association said McNew will bring “a strong manufacturing voice to the advisory committee, building on his 31 years of experience in the marine manufacturing industry.” Before he joined MasterCraft in 2012, he was the executive vice president of product development and engineering, manufacturing and quality for the Brunswick Recreational Boat Group.



NMMA: Proposed Speed Rule an ‘Existential Threat’ to Industry

The association is calling on every marine brand, employee and boat owner to file public comment by Oct. 31 over a sweeping regulation to protect North Atlantic right whales.


Axopar and Nimbus Renew Agreement

The boatbuilders have entered an agreement whereby Nimbus Group will retain exclusive rights to sell Axopar boats on the Swedish market.


Hurricane Ian Leaves Devastation in Florida

The storm left a wide swath of destruction, heavily impacting marine interests from Tampa Bay to Marco Island.


Email Is Your Ticket to Holiday Sales

Developing an effective email campaign can bolster sales and help fill winter coffers at your dealership.


NMRA Presents Annual Awards

Edson CEO Will Keene and ComMar Sales president Tim Conroy were recognized for their contributions to the marine industry.


DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.


EPropulsion, Mack Boring Partner with Crest

Pontoon builder Crest will use an ePropulsion Navy 3.0 Evo electric outboard motor and an E175 battery for its 2023 Current model.


Beneteau Reports Significant H122 Growth

The company reported that its revenue grew 8.6 percent and income increased by 30 percent during the first half of 2022.