Tim Oxley, chief financial officer, MasterCraft Boat Holdings, is to retire from the company at the end of 2025.
Scott Kent, vice president of finance, will succeed him as chief financial officer, effective July 1 2025.
Tim will transition to serve as a special advisor to the executive team/board from July 1 2025 until December 31 2025, to ensure a smooth transition of responsibilities.
Scott has 33 years of professional experience, including 28 years of direct marine industry experience.
He has served as vice president of finance for MasterCraft since 2018, leading the finance function, including accounting, FP&A, financial reporting, and treasury.
Strategic advancements
Throughout his time at MasterCraft, he has also helped lead operational and strategic advancements across the business.
Prior to joining the company, he served as chief financial officer at Brunswick Boat Group and Recreational Boat Group, as well as various positions of increasing responsibility at Brunswick, Sea Ray Boats, and Price Waterhouse.
“On behalf of our board, leadership team and everyone at MasterCraft, I would like to thank Tim for his hard work and selfless service during his 18+ years career with the company,” said Brad Nelson, MasterCraft Boat Holdings CEO.
“During his tenure, Tim helped MasterCraft successfully navigate some of the most pivotal moments in the company’s history, including our public listing and the global pandemic, and played a critical role in developing our brands and implementing strategies that have helped drive sales, earnings growth and a strong balance sheet.”
Significant impact
Brad added: “Tim served with high integrity and has made a significant impact on the company. We wish him and his family all the best as he transitions into retirement.”
Tim added: “It has been a privilege to work alongside so many highly dedicated and talented people, and I am proud of what we have achieved over the past 18 years.
“With the company’s strong financial foundation and outstanding team, I have decided that now is the right time to retire to spend more time with my family. I look forward to working together over the coming months with Brad, Scott, and the entire MasterCraft organisation to achieve a seamless transition.”
Brad continued: “We are pleased to announce Scott Kent as our next chief financial officer.
Leader
“His appointment reflects our thorough succession planning process and strong, talented leadership across our company.
Scott is a proven and trusted leader, with excellent business and financial acumen who has made significant contributions to the strength and vitality of MasterCraft.
“The board and I are confident that Scott is the right addition to our leadership team as we execute our strategy to deliver sustainable growth and value creation for shareholders.”
Scott concluded: “I am honored to be stepping into the role of chief financial officer as MasterCraft is poised to take full advantage when the market rebounds.
“I believe deeply in our purpose, strategy and team and am energised to drive value creation moving forward.”
