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.
