MasterCraft Announces the Appointment of Its New President and CEO

MCBC Holdings, Inc.- "MasterCraft", manufacturer through its subsidiaries of MasterCraft luxury performance water sports boats, recently announced the appointment of Terry McNew as President and CEO of MasterCraft and its affiliates. Mr. McNew assumes these roles, along with a position on the Board of Directors, effective August 13, 2012. Terry joins MasterCraft from Brunswick Corporation, where he has served since 2009 as Executive Vice President, Manufacturing and Quality for the Recreational Boat Group, with global leadership responsibility for Engineering, Manufacturing and Quality for Brunswick's recreational boat brands. In addition, Terry served as President and CEO of Correct Craft, Inc. from 2004 to 2006.

"Terry brings a wealth of leadership experience in the marine industry to his new role at MasterCraft," said Chris Keenan of Wayzata Investment Partners LLC, a member of MasterCraft's Board of Directors. "With over 20 years in marine manufacturing, quality and product development & engineering, Terry will build on the significant operational improvements that MasterCraft has implemented over the last several years. In addition, Terry understands MasterCraft's performance water sports segment, from the dealers and customers down to the manufacturing floor. Most importantly, he understands and appreciates the unique MasterCraft brand and legacy and shares our commitment to continuing to deliver the most innovative, highest quality boats in the industry to our loyal MasterCraft customers. We are very excited to have Terry join the MasterCraft team and look forward to working with him to build on MasterCraft's great heritage of leadership in the marine market."

"It's an absolute honor to be leading MasterCraft, which has built an unparalleled track record in performance water sports," said Mr. McNew. "I look forward to working with the entire MasterCraft team, from our employees to our award-winning dealers, in building on MasterCraft's already incredible foundation of legacy, power, precision and progression in product innovation, manufacturing quality and iconic branding."

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