Victory Marine Holding, Inc. Announces New Chairman and CEO to Drive Strategic Growth Initiative

Rhea-AI Summary

Victory Marine Holding (OTC:VMHG) appointed Robert J. Groux as Chief Executive Officer and William S. Dunn as Chairman, effective February 24, 2026. The leadership change follows a completed ownership change on February 10, 2026 and begins a disciplined restructuring and growth initiative to enhance shareholder value.

Mr. Groux brings capital markets and consumer-brand scaling experience; Mr. Dunn will provide oversight on structured transactions and capital allocation.

Positive

• Ownership change completed on February 10, 2026
• CEO appointment of Robert J. Groux effective February 24, 2026
• Chairman appointment of William S. Dunn effective February 24, 2026
• CEO experience includes capital markets and consumer-brand scaling

Negative

• None.

MIAMI, FL / ACCESS Newswire / February 24, 2026 / Victory Marine Holding, Inc. (OTC:VMHG) (the "Company") today announced the appointment of William S. Dunn as Chairman of the Board of Directors and Robert J. Groux as Chief Executive Officer, effective immediately.

The leadership transition follows the Company's previously announced ownership change on February 10, 2026, and marks the beginning of a disciplined restructuring and growth initiative designed to enhance shareholder value and strengthen the Company's long-term market positioning.

Strategic Leadership with Capital Markets Focus

Robert J. Groux assumes the role of Chief Executive Officer with extensive experience in scaling consumer-driven brands, optimizing operational performance, and executing value-oriented growth strategies. Mr. Groux brings a capital markets perspective to the role, aligning operational execution with shareholder expectations and enterprise value creation.

Throughout his career, Mr. Groux has led high-growth ventures, structured national distribution platforms, and developed strategic partnerships designed to expand revenue channels and improve profitability. His executive background includes leadership roles in beverage and consumer product enterprises, where he focused on brand expansion, operational discipline, and scalable infrastructure development.

Mr. Groux's mandate at Victory Marine Holding, Inc. will center on operational alignment, disciplined execution, and evaluating opportunities that enhance the Company's financial profile and strategic positioning within its target markets.

William S. Dunn, as Chairman of the Board, will provide strategic oversight and governance leadership as the Company advances its next phase of corporate development. Mr. Dunn's experience in structured transactions and corporate growth initiatives will support the Board's commitment to prudent capital allocation and long-term shareholder value.

The Company will continue to keep shareholders and the investment community informed as developments progress.

About Victory Marine Holding, Inc.

Victory Marine Holding, Inc. is a publicly traded company focused on opportunities within the marine and maritime sectors. The Company continues to evaluate strategic transactions and operational initiatives designed to enhance long-term shareholder value.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied. Factors that may cause such differences include, but are not limited to, market conditions, regulatory requirements, and the Company's ability to execute strategic initiatives. The Company undertakes no obligation to update forward-looking statements except as required by law.

Investor/Media Contact

Robert J. Groux
Chief Executive Officer
Victory Marine Holding, Inc.
Email: bgroux@grouxdistribution.com

SOURCE: Victory Marine Holdings Corp.

View the original press release on ACCESS Newswire

FAQ

Who is the new CEO of Victory Marine Holding (OTC:VMHG) and when did the appointment take effect?

The new CEO is Robert J. Groux, effective February 24, 2026. According to Victory Marine Holding, Groux will lead operational alignment and value-oriented growth with a capital markets focus to support shareholder outcomes.

What change in board leadership occurred at Victory Marine Holding (VMHG) on February 24, 2026?

William S. Dunn was named Chairman of the Board, effective February 24, 2026. According to Victory Marine Holding, Dunn will provide strategic oversight and governance during the company’s next phase of corporate development.

What earlier corporate event preceded the leadership change at Victory Marine Holding (VMHG)?

An ownership change was completed on February 10, 2026. According to Victory Marine Holding, that ownership change set the stage for the subsequent leadership transition and restructuring initiative.

What is Robert J. Groux’s stated mandate as CEO of Victory Marine Holding (VMHG)?

Groux’s mandate is operational alignment, disciplined execution, and evaluating opportunities to enhance the company’s financial profile. According to Victory Marine Holding, he will apply capital markets and brand-scaling experience to drive enterprise value.

How will the new leadership at Victory Marine Holding (VMHG) communicate progress to investors?

The company said it will continue to keep shareholders and the investment community informed as developments progress. According to Victory Marine Holding, updates will be provided while the restructuring and growth initiative proceeds.

What background does the new Victory Marine Holding (VMHG) CEO bring to the role?

Groux brings experience scaling consumer brands, building distribution platforms, and structuring partnerships. According to Victory Marine Holding, his background emphasizes operational discipline, scalable infrastructure, and a capital markets perspective.