MasterCraft Boat Holdings announced that Brad Nelson will take over as CEO and will be appointed to the board of directors. Nelson replaces Fred Brightbill, who is retiring. The changes are effective March 18.
Brightbill will leave the board June 30 and will serve as a consultant for a year. Roch Lambert, the lead independent director of the board, will be appointed chairman July 1.
“On behalf of the board, I’d like to thank Fred for his outstanding service as CEO of MasterCraft,” Lambert said in a statement. “Fred has been instrumental in crafting a new strategy for the company focused on customer centricity and quality, streamlining our operations and successfully navigating the pandemic, achieving record sales and earnings in the process.”
Nelson has more than 30 years of operating and manufacturing experience, most recently serving as president of the commercial segment at Oshkosh Corp.
“Brad is a highly qualified leader with a compelling track record of success, and we are pleased to appoint him as the company’s next CEO,” Lambert said. “Succession planning is a key responsibility of the board, and over the past several months, we conducted a comprehensive and thorough search to identify an executive with the strategic, operational, manufacturing, business development and leadership expertise to continue executing our strategy.”
