Vision Marine Technologies (NASDAQ: VMAR), a global leader and innovator within the performance electric recreational boating industry, announced that Anthony E. Cassella Jr., executive vice president finance and chief accounting officer at MarineMax Inc. (NYSE: HZO) has been appointed to its board of directors; Cassella will serve as an independent director. According to the announcement, the appointment reflects VMAR’s leading role in marine technology innovation and underscores its commitment to strong corporate governance; the company noted that the veteran’s background and industry knowledge “will bring incredible value to the next chapter of Vision Marine’s mission to become the leading provider of electric propulsion for the boating industry.” A highly accomplished leader who has played a key role in MarineMax’s growth, Cassella oversees key functions at MarineMax, such as finance, mergers and acquisitions, accounting, inventory and treasury. “Anthony brings a wealth of knowledge and experience to the Vision Marine Board, having served in roles of increasing responsibility over his 26-year career with MarineMax,” said Vision Marine Technologies CEO Alex Mongeon in the press release. “His progressive leadership at MarineMax aligns with our board’s commitment to a thoughtfully executed growth strategy and robust corporate governance. We are thrilled to welcome Anthony to the board and are eager to benefit from his strategic contributions.”
To view the full press release, visit https://ibn.fm/7a3ZW
About Vision Marine Technologies Inc.
Vision Marine Technologies is a leader in the marine industry’s shift to electric propulsion and is at the vanguard of this transformation. The company’s pioneering E-Motion(TM) outboard powertrain system represents a significant leap in marine technology. As a champion of ecofriendly electric powerboats, the company is not just participating in the industry’s evolution, it is driving it. The company’s Flagship E-Motion(TM) 180E electric marine powertrain is the first fully electric, purpose-built outboard powertrain system that combines an advanced battery pack, inverter and high-efficiency motor with proprietary union assembly between the transmission and the electric-motor design utilizing extensive control software. VMAR’s E-Motion and related technologies used in this powertrain system are uniquely designed to improve the efficiency of the outboard powertrain and, as a result, enhance both range and performance. Vision Marine continues to design, innovate, manufacture and sell handcrafted, environmentally friendly, electric recreational boats to customers. The design and technology applied to its boats result in far greater enhanced performance in general as well as higher speeds, longer range and a smoother ride than a traditional internal combustion engine (“ICE”) motorboat. For more information about the company, please visit www.VisionMarineTechnologies.com.
NOTE TO INVESTORS: The latest news and updates relating to VMAR are available in the company’s newsroom at http://ibn.fm/VMAR
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