Patrick Industries Welcomes Back Jake Petkovich as President - Marine; Rick Reyenger Transitions to Strategic Advisory Role
Patrick Industries (NASDAQ: PATK) has announced key leadership changes in its Marine division. Jake Petkovich will return to the company as President – Marine, effective May 19, 2025, succeeding Rick Reyenger, who will transition to a strategic advisory role. Petkovich, who previously served as Patrick's CFO from 2020 to 2023, rejoins the company from his recent position as CFO of Indicor, LLP. During his previous tenure, he was key in driving financial strategy and marine acquisitions.
Reyenger, who joined Patrick through the 2018 Marine Accessories Corporation acquisition, will remain with the company to ensure a smooth transition and provide ongoing guidance. The company, headquartered in Elkhart, IN, employs approximately 10,000 people and serves as a component solutions provider for the RV, Marine, Powersports, and Housing markets.
Patrick Industries (NASDAQ: PATK) ha annunciato importanti cambiamenti nella leadership della sua divisione Marine. Jake Petkovich tornerà in azienda come Presidente – Marine, a partire dal 19 maggio 2025, succedendo a Rick Reyenger, che assumerà un ruolo di consulenza strategica. Petkovich, che in precedenza ha ricoperto il ruolo di CFO di Patrick dal 2020 al 2023, rientra in azienda dopo aver ricoperto la carica di CFO presso Indicor, LLP. Durante il suo precedente incarico, è stato fondamentale per la definizione della strategia finanziaria e per le acquisizioni nel settore marino.
Reyenger, entrato in Patrick con l'acquisizione della Marine Accessories Corporation nel 2018, resterà in azienda per garantire una transizione fluida e offrire supporto continuo. L'azienda, con sede a Elkhart, IN, conta circa 10.000 dipendenti e opera come fornitore di soluzioni componentistiche per i mercati RV, Marine, Powersports e Housing.
Patrick Industries (NASDAQ: PATK) ha anunciado cambios clave en el liderazgo de su división Marina. Jake Petkovich regresará a la empresa como Presidente – Marina, a partir del 19 de mayo de 2025, sucediendo a Rick Reyenger, quien pasará a un rol de asesoría estratégica. Petkovich, que anteriormente fue CFO de Patrick de 2020 a 2023, vuelve a la compañía tras desempeñarse como CFO de Indicor, LLP. Durante su etapa anterior, fue fundamental en la dirección de la estrategia financiera y en adquisiciones marinas.
Reyenger, que se unió a Patrick mediante la adquisición de Marine Accessories Corporation en 2018, permanecerá en la empresa para asegurar una transición sin contratiempos y brindar orientación continua. La compañía, con sede en Elkhart, IN, emplea a aproximadamente 10,000 personas y es proveedor de soluciones de componentes para los mercados de RV, Marina, Powersports y Vivienda.
Patrick Industries (NASDAQ: PATK)는 해양 부서의 주요 리더십 변화를 발표했습니다. Jake Petkovich가 2025년 5월 19일부터 해양 부문 사장으로 복귀하며, Rick Reyenger는 전략 자문 역할로 전환할 예정입니다. Petkovich는 2020년부터 2023년까지 Patrick의 CFO로 근무했으며, 최근에는 Indicor, LLP의 CFO로 재직했습니다. 이전 임기 동안 그는 재무 전략 수립과 해양 인수에 중요한 역할을 했습니다.
2018년 Marine Accessories Corporation 인수를 통해 Patrick에 합류한 Reyenger는 원활한 인수인계를 위해 회사에 남아 지속적인 조언을 제공할 예정입니다. 본사는 인디애나주 엘크하트에 위치하며 약 10,000명의 직원을 두고 있으며 RV, 해양, 파워스포츠 및 주택 시장을 위한 부품 솔루션 공급업체로 활동하고 있습니다.
Patrick Industries (NASDAQ: PATK) a annoncé des changements clés dans la direction de sa division Marine. Jake Petkovich reviendra dans l'entreprise en tant que Président – Marine, à compter du 19 mai 2025, succédant à Rick Reyenger, qui assumera un rôle de conseiller stratégique. Petkovich, qui a précédemment occupé le poste de CFO chez Patrick de 2020 à 2023, rejoint la société après avoir été CFO chez Indicor, LLP. Lors de son précédent mandat, il a joué un rôle clé dans la stratégie financière et les acquisitions marines.
Reyenger, qui a rejoint Patrick lors de l'acquisition de Marine Accessories Corporation en 2018, restera dans l'entreprise pour assurer une transition en douceur et offrir un accompagnement continu. La société, dont le siège est à Elkhart, IN, emploie environ 10 000 personnes et fournit des solutions de composants pour les marchés des VR, Marine, Powersports et Habitat.
Patrick Industries (NASDAQ: PATK) hat wichtige Führungsänderungen in seiner Marine-Division bekannt gegeben. Jake Petkovich kehrt zum Unternehmen als Präsident – Marine zurück, wirksam ab dem 19. Mai 2025, und folgt damit auf Rick Reyenger, der in eine strategische Beratungsfunktion wechseln wird. Petkovich, der zuvor von 2020 bis 2023 CFO bei Patrick war, kommt aus seiner jüngsten Position als CFO bei Indicor, LLP zurück. Während seiner vorherigen Amtszeit spielte er eine zentrale Rolle bei der Finanzstrategie und bei Akquisitionen im Marinebereich.
Reyenger, der durch die Übernahme der Marine Accessories Corporation im Jahr 2018 zu Patrick kam, bleibt im Unternehmen, um einen reibungslosen Übergang zu gewährleisten und weiterhin beratend tätig zu sein. Das Unternehmen mit Hauptsitz in Elkhart, IN, beschäftigt etwa 10.000 Mitarbeiter und ist Anbieter von Komponentenlösungen für die Märkte RV, Marine, Powersports und Housing.
- Strategic continuity maintained with Reyenger staying on in advisory role
- Petkovich brings previous company experience and proven track record in marine acquisitions
- Leadership transition ensures preservation of institutional knowledge and relationships
- None.
"We are thrilled to welcome Jake back to the Patrick family," said Andy Nemeth, Chief Executive Officer. "Jake is an experienced, driven outdoor enthusiast and leader who knows our Marine businesses well and brings passion, energy, and proven strategic and financial acumen to this role. I am confident that under his leadership, our businesses will continue to grow, innovate and perform, providing exceptional service and solutions to our customers while improving our efficiency as we focus on delivering value to our shareholders through our strategic diversification."
"I also want to express my sincere gratitude and appreciation to Rick for his friendship, tireless contributions, and years of dedicated and passionate service to Patrick," continued Mr. Nemeth. "Rick has played a vital role in helping shape our Marine business strategy, leveraging his extensive industry experience, business acuity, and strong customer relationships. Since joining Patrick through our 2018 acquisition of Marine Accessories Corporation, he has helped lead the successful integration and growth of several marine businesses, establishing a solid foundation of innovation, performance, and service within our Marine platform. We are excited that Rick is staying on in his new advisory role, where he will continue to offer valuable guidance, mentorship, and support to Jake and the team in our BETTER Together culture."
Mr. Petkovich recently served as Chief Financial Officer of Indicor, LLP, a global industrial solutions company, from 2023 to the present. He previously served as Executive Vice President - Finance, Chief Financial Officer and Treasurer of Patrick from 2020 to 2023. During his tenure, he was instrumental in driving the Company's financial strategy, guiding capital allocation, including developing a significant number of the Company's Marine acquisitions, and enhancing operational efficiency. Jake's deep understanding of the organization, along with his strategic and operational expertise, uniquely position him to lead the next phase of growth and innovation for Patrick's Marine businesses.
About Patrick Industries, Inc.
Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in
Forward-Looking Statements
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.
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