METTAWA, Illinois — Chief Executive and Chairman of Brunswick Corporation, Mark Schwabero, announced on Oct. 25 he will retire at the end of 2018. David Foulkes, President of Brunswick Marine Consumer Solutions and Chief Technology Officer, will succeed him.
Schwabero, in 2004, joined the Mercury Outboard team as president and climbed the rungs. In 2016, he became chairman and CEO and “charted an ambitious course for Brunswick.”
“The 14 years I’ve been with Brunswick have been the most rewarding of my career,” Schwabero said. “Each day I am inspired by Brunswick’s 15,000 motivated and dedicated employees around the world. It has been a privilege to serve as chairman and CEO for the past three years, and to leas this world-class organization.”
Foukes will take over for Schwabero effective Jan. 1, 2019. According to a statement released by Brunswick, Foukes looks forward to offering leading-edge design, technology, quality and customer service while also continuing the forward momentum from Schwabero’s leadership.
Additionally, Manny Fernandez, Brunswick’s lead independent director, will become non-executive chairman when Schwabero retires.