Liberty Associates CEO Bill Gates names John Walker as new President and CEO of Fountain Powerboats.
Gates said "Mr. Walker's career spans over 28 years in the boat manufacturing industry and Liberty is confident of his executive management abilities and his integrity to move Fountain forward with its strategic growth plan for the future."
Walker is President of American Marine Holdings, owner of Donzi Marine and Pro-Line, and was recently appointed to the position of President and CEO of Baja Marine.
This announcement comes after founder of Fountain Powerboats Reggie Fountain resigned Friday.
Gates said "The entire team at Fountain Powerboats wishes Mr. Fountain the best of luck and the company would welcome him back any time."