Former Dealer and long-time Polaris exec Steve Menneto has jumped ship! After the better part of three decades with Polaris/Victory/Indian, he signed on with Malibu Boats. Menneto becomes CEO effective August 5, 2024. He will also join Malibu Boats’ Board of Directors, which will increase from nine to 10 members.
“I am honored and excited to be named Malibu Boats’ next CEO,” says Menneto. “I have long admired the company’s stellar track record, history of innovation and top of the line products. As I take on this role, I look forward to helping the company leverage its excellent growth opportunities. With the support of Malibu Boats’ tremendous team, I believe there is a great deal we can achieve to build an even better business while continuing to provide the highest quality boats on the market and delivering for all our stakeholders.”
For its part Polaris says bon voyage: “From his start as part of the sales team, to overseeing our Motorcycles business, to these last five years leading our Off Road team, I want to thank Steve for the lasting contributions he made over his 27-year tenure at Polaris,” says Polaris Chief Executive Officer Mike Speetzen. “We wish him the very best as he moves into this new chapter. In the meantime, I will be taking on more direct management of our largest business segment and am excited to work more closely with all the talented leaders and employees within Off Road as well as with the dealer network.”
“We are thrilled to welcome Steve as our new CEO,” concludes Michael Hooks, Chairman of Board for Malibu. “The Board conducted a comprehensive search process that included discussions with multiple highly qualified candidates who were attracted by the opportunity to lead a premier manufacturer with premium brands across multiple segments. Steve emerged as the clear choice given the direct alignment of his experience, skill set and track record with our business needs and strategic priorities. Steve has a demonstrated history of leading organizations through periods of growth and is the ideal candidate to build on our strong foundation and drive further value creation.”
