Terry D. McNew has been the driving force behind MasterCraft Boat Holdings, Inc. as its CEO since 2012. With a B.S. in Industrial Management from the University of Cincinnati, he brings over 30 years of experience in the boating industry....
Terry D. McNew has been the driving force behind MasterCraft Boat Holdings, Inc. as its CEO since 2012. With a B.S. in Industrial Management from the University of Cincinnati, he brings over 30 years of experience in the boating industry. Before joining MasterCraft, he held significant roles at Brunswick Corporation and Correct Craft, showing a strong track record in manufacturing and product development. His leadership saw a peak bonus payout of $4.1 million in 2015, reflecting his impact on the company's growth. McNew is also noted for his hands-on approach, having started his career in manufacturing, which gives him deep insights into the production side of the business. Interestingly, during his time as CEO, his stock holdings fluctuated significantly, reaching as high as $10.47 million by March 2021. This illustrates not only his personal investment in the company but also the volatility typical in the boating industry. McNew left a legacy of strong performance metrics, focusing on revenue and adjusted EBITDA, and has set a foundation for continued growth in a competitive market.