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Nautic Global Group announces executive succession

Nautic Global Group
October 15, 2013
Filed under News

James R. Malone named Chairman and Chief Executive Officer

ELKHART, IN, October 14, 2013 — Nautic Global Group, Inc., one of the largest boat manufacturers in North America, has appointed James (Jim) R. Malone as Chairman of the Board of Directors and Chief Executive Officer. Malone, a former CEO of several Fortune 500 companies, has served as a consultant to Nautic Global Group since earlier this year. He succeeds Nautic Global Group CEO Michael (Mike) A. Kitson, who is leaving the company to pursue new opportunities.

“I am excited to join Nautic Global Group and to work with the talented leadership team to pursue the objective of becoming the leading producer of high-quality boats globally,” said Malone. “On behalf of Nautic Global Group, I want to thank Mike for his contributions over the past few years as he steered the company into a period of growth.”

Malone brings a passion for the water and an understanding and appreciation of the boating lifestyle. He says he is enthusiastic about guiding NGG to the next level and establishing a plan that will take the company well into the future.

“Over the past several months, I have gotten to know and admire many of the great people of Nautic Global Group,” Malone said. “There is a passion, desire and requisite skills within these facilities to improve the products, the processes, and everything that goes into building them. Marketing, selling and servicing them through the best dealer network in the industry is a huge advantage and great asset we have. I’m confident that NGG is on the brink of producing not only improved results, but making significant strides to become an even better boat manufacturer.”

Malone is the Senior Managing Partner of Qorval, which specializes in providing C-level leadership, experience and expertise to improve operational results at companies across industries and sectors. He brings extensive leadership experience to Nautic Global Group, having served as CEO of ­five Fortune 500 companies and as a member of three boards of directors. He currently serves on the boards of Regions Financial Corporation and Ametek, Inc.

“I look forward to leveraging my operational experience, and the knowledge I gained consulting closely with Nautic Global Group’s management team, to move the company forward as we fulfill our mission of delivering A Boat For Every Passion,” said Malone. “I am committed to working with our worldwide dealer network to ensure we meet their evolving needs while continuing to innovate and enhance our position as an industry leader.”

Malone earned a Bachelor of Science degree from Indiana University, and he attended Northwestern University’s Kellogg School of Management and its Institute in International Management in Burgenstock, Switzerland.

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