Malibu Boats, Inc. (MBI) reported that company president Ritchie Anderson will retire effective February 7, 2025. He will continue in his role as president until that date.
Following Anderson’s retirement, CEO Steve Menneto will become president of Malibu Boats, Inc., with Donna Tallent, SVP of operations, assuming leadership for MBI operations. Both Tallent and the company’s brand presidents will report directly to Menneto as CEO.
Anderson’s career in powerboat manufacturing spans over four decades, including 12 years with Malibu Boats. During his tenure, he served as VP of operations, COO, and, most recently, as president. Before joining Malibu, Anderson spent 28 years at MasterCraft Boat Company, holding various leadership roles, including VP of operations.
“Ritchie’s leadership has been instrumental in developing MBI into the industry leader it is today. He has built a strong, capable team of leaders and fostered a culture of operational excellence. Thanks to his dedication, the company is positioned for continued success with our deep leadership team that embodies our core values of delivering the highest quality boats in the marine industry,” commented Menneto.
“It has been an incredible 12-year journey with Malibu,” said Anderson. “I am immensely proud of the teams and culture we have built across all the MBI companies, and it has been an honor to work alongside such passionate and dedicated individuals. Their commitment to excellence has been the foundation of MBI’s success, and I am confident that under Steve and Donna’s leadership, they will continue to drive the company forward and seize new opportunities.
“Reflecting on 40 years in an industry I love, I feel incredibly fortunate and look forward to starting this next chapter, transitioning into retirement, and spending more time with my family.”
Image courtesy Malibu Boats, Inc.
