Brunswick announces CEO change
Brunswick Corp. has announced that Mark Schwabero, its chairman and chief executive officer, will retire at year’s end.
His retirement ends an 14-year run at Brunswick. Schwabero, 65, joined the Mettawa-based company in 2004 as president of Mercury Outboards and has served as Brunswick’s chairman and CEO since 2016.
David Foulkes, 57, will succeed Schwabero as CEO and a member of the board. Foulkes joined the company in 2007 and currently serves as president of Brunswick Marine Consumer Solutions and chief technology officer. Brunswick said Manny Fernandez, the board’s lead independent director, will become nonexecutive chairman upon Schwabero’s retirement.
Brunswick also said it working to compete the spinoff of its fitness equipment business by the end of the first quarter, allowing it to focus on its marine boat and engine business.