Gary Kolstad Appointed to the Marine Products Corporation Board of Directors

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Marine Products Corporation (NYSE: MPX) announced the appointment of Gary Kolstad to its Board of Directors. Kolstad brings significant leadership experience, holding a B.S. in petroleum engineering from Montana Technological University, and has served as Chairman and CEO of both public and private companies.

Marine Products Corporation, a leading manufacturer of fiberglass boats under the Chaparral and Robalo brands, produces various models including sterndrive sportboats, luxury sportboats, and outboard sport fishing vessels. The company maintains a strong capital structure and independent dealer network, positioning itself for market share growth and long-term shareholder value creation.

ATLANTA, July 14, 2025 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today the appointment of Gary Kolstad to the Board of Directors of the Company.  Kolstad holds a B.S. Degree from Montana Technological University in petroleum engineering and studied Psychology and Engineering at Montana State University-Bozeman. After a long career in various positions at a large, international company, he served as Chairman and CEO of public and private companies and currently holds multiple Advisory Board Member and Investor positions.

Richard A. Hubbell, Chairman of the Board of Marine Products Corporation stated, "Gary Kolstad's board and management experience has been beneficial to the boards on which he has served.  We look forward to his contributions to our board in the years ahead."

Marine Products Corporation is a leading manufacturer of high-quality fiberglass boats under the brand names Chaparral and Robalo.  Chaparral's sterndrive models include SSi Sportboats and SSX Luxury Sportboats, and the SURF Series.  Chaparral's outboard offerings include OSX Luxury Sportboats and the SSi Outboard Bowriders. Robalo builds an array of outboard sport fishing models, which include Center Consoles, Dual Consoles and Cayman Bay Boats. The Company continues to diversify its product lines through product innovation.  With these premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and generate superior financial performance to build long-term shareholder value.  For more information on Marine Products Corporation visit our website at MarineProductsCorp.com.

For information about Marine Products Corporation or this event, please contact:

Michael L. Schmit  
Chief Financial Officer
(404) 321-7910
irdept@marineproductscorp.com 

Joshua Large
Vice President, Corporate Finance and Investor Relations
(404) 321-2152
jlarge@marineproductscorp.com

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SOURCE Marine Products Corporation

FAQ

Who is Gary Kolstad and what is his new role at Marine Products Corporation (NYSE: MPX)?

Gary Kolstad has been appointed to the Board of Directors of Marine Products Corporation. He holds a B.S. in petroleum engineering and has previously served as Chairman and CEO of public and private companies.

What boat brands does Marine Products Corporation (MPX) manufacture?

Marine Products Corporation manufactures fiberglass boats under two main brands: Chaparral (producing sterndrive models, SSi Sportboats, SSX Luxury Sportboats, SURF Series, and outboard offerings) and Robalo (producing outboard sport fishing models).

What types of boats does Chaparral manufacture under Marine Products Corporation?

Chaparral manufactures sterndrive models (SSi Sportboats and SSX Luxury Sportboats), the SURF Series, and outboard offerings including OSX Luxury Sportboats and SSi Outboard Bowriders.

What boat models does Robalo produce for Marine Products Corporation?

Robalo produces outboard sport fishing models including Center Consoles, Dual Consoles, and Cayman Bay Boats.