MasterCraft Boat Holdings, Inc., owner of the MasterCraft, Crest and Balise boat brands, is reporting that company Chief Financial Officer Tim Oxley has decided to retire from the company, effective December 31, 2025. Scott Kent, currently VP of finance, will succeed Oxley as CFO, effective July 1, 2025. Oxley will transition to serve as a special advisor to the executive team/Board from July 1, 2025 until December 31, 2025, to ensure a smooth transition of responsibilities.
“It has been a privilege to work alongside so many highly dedicated and talented people, and I am proud of what we have achieved over the past 18 years,” offered Oxley. “With the Company’s strong financial foundation and outstanding team, I have decided that now is the right time to retire to spend more time with my family. I look forward to working together over the coming months with Brad, Scott, and the entire MasterCraft organization to achieve a seamless transition.”
Kent has 33 years of professional experience, including 28 years of direct marine industry experience and is described by the company as “the ideal successor for the CFO role.”
“I am honored to be stepping into the role of chief financial officer as MasterCraft is poised to take full advantage when the market rebounds,” Kent commented. “I believe deeply in our purpose, strategy and team and am energized to drive value creation moving forward.”
He has served as VP of finance for MasterCraft since 2018, leading the finance function, including accounting, FP&A, financial reporting, and treasury. Throughout his tenure, he has also reportedly helped lead operational and strategic advancements across the business. Prior to joining MasterCraft, Kent served as CFO at Brunswick Boat Group and Recreational Boat Group, as well as various positions of increasing responsibility at Brunswick, Sea Ray Boats, and Price Waterhouse.
Kent has a bachelor’s of science in Accounting from the Milligan College and has held license as a CPA.
“On behalf of our Board, leadership team and everyone at MasterCraft, I would like to thank Tim for his hard work and selfless service during his 18+ years career with the Company,” said Brad M. Nelson, CEO, MasterCraft Boat Holdings, Inc. “During his tenure, Tim helped MasterCraft successfully navigate some of the most pivotal moments in the Company’s history, including our public listing and the global pandemic, and played a critical role in developing our brands and implementing strategies that have helped drive sales, earnings growth and a strong balance sheet. Tim served with high integrity and has made a significant impact on the Company. We wish him and his family all the best as he transitions into retirement.”
Nelson continued, “Scott is a proven and trusted leader, with excellent business and financial acumen who has made significant contributions to the strength and vitality of MasterCraft. The Board and I are confident that Scott is the right addition to our leadership team as we execute our strategy to deliver sustainable growth and value creation for shareholders.”
Image courtesy MasterCraft Boat Holdings, Inc.
