MarineMax names Cashman as senior VP of global yacht sales

OLDSMAR, Fla. - MarineMax, Inc. (NYSE:HZO), currently valued at approximately $550 million, announced on Wednesday that Charles A. Cashman, previously the company’s Chief Revenue Officer, will transition to the role of Senior Vice President of Global Yacht Sales. This leadership change comes as the company faces challenging market conditions, with InvestingPro data showing revenue declined about 6% over the last twelve months. In this position, Cashman will focus on driving growth within MarineMax’s yacht and superyacht business, leading yacht sales and global superyacht brokerage operations.

Brett McGill, Chief Executive Officer and President of MarineMax, stated that Cashman’s "proven ability to drive sales growth, build strong manufacturer relationships, and inspire high-performing teams will be instrumental" as the company expands in the yacht and superyacht segments. The appointment comes at a crucial time, as InvestingPro analysis indicates the company operates with a significant debt burden, with a debt-to-equity ratio of 1.35.

In his new role, Cashman will be responsible for yacht sales strategy, execution, and performance across brands, regions, and customer segments. He will work with executive leadership and brand partners on sales and marketing initiatives while continuing to help guide the company’s long-term strategy.

Cashman has been with MarineMax since 1992, serving in various leadership positions including Vice President of East Operations and Executive Vice President of Sales, Marketing and Manufacturer Relations before becoming Chief Revenue Officer in 2016. He also serves on the Board of Directors of the International Yacht Brokers Association.

MarineMax describes itself as the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company. The company operates over 120 locations worldwide, including more than 70 dealerships and 65 marina and storage facilities.

The information in this article is based on a press release statement from MarineMax.

In other recent news, MarineMax, Inc. reported third-quarter earnings for 2025 that fell short of analysts’ expectations. The company announced earnings per share of $0.49, significantly below the projected $1.17, marking a 58.12% negative surprise. Revenue was also disappointing, coming in at $657 million compared to the anticipated $738.21 million, representing a 10.97% shortfall. These results highlight ongoing challenges within the recreational boating industry. Additionally, MarineMax appointed Daniel Schiappa, a seasoned technology executive, to its Board of Directors. Schiappa, who is currently President of Technology & Services at Arctic Wolf Networks, brings extensive experience in cloud platforms and cybersecurity. This appointment is part of MarineMax’s strategy to strengthen its leadership team amid industry difficulties.

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