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Bill Yeargin, President and CEO of Correct Craft
The next five years for Nautique are going to be very exciting. Greg Meloon and his Product Development team are working on some great new product which we believe, people will love. We are also working to improve everything we do. Our team will never become satisfied; we want to be the best getting better.
Interviewed by Greg Davis
TELL US A LITTLE ABOUT THE PAST THREE YEARS:
Well, it has been a very interesting three years.
When I first arrived I needed to deal with a lot of confusion related to the company having five CEO’s in less than five years. There was some uncertainty among the dealers and employees, and a large number of changes within the company that needed to be made. Correct Craft was a great company, but during the ten years before I came, they had really missed a lot of opportunities to improve. Fortunately, we were able to make the changes that needed to be made and the positive impact of our changes came very quickly.
The second stage of my time with Correct Craft was spent managing the transition in ownership. Over several years many individuals in the Meloon family thought that the best decision for Correct Craft in the long run would be to sell the company to someone who could invest in the company and help Correct Craft reach its potential. Fortunately for us, many in the Meloon family remained with the company after selling and they still play a key role today. Our Chairman Emeritus is Ralph Meloon, who at age 92 still arrives for work every day and is an incredible supporter and gives encouragement to all of us. Our Board Chairman is Ken Meloon and he spends several months a year in Florida and his experience continues to help us. Our VP of Product Development is Greg Meloon. In his role Greg does an awesome job ensuring that all the values held so dear by the Meloon family continue to be built into our product. In addition to Ralph, Ken and Greg, there are others from the Meloon family who continue to play important roles in our company.
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Ski Nautique 200, a new legend is born
The third stage would be managing through the global economic collapse that significantly impacted our industry. Nationwide new boat construction was off over 80% last year and that is huge. Boat builders everywhere were severely impacted by the global collapse and we were not exempt. While we were impacted less than most, we still had to navigate through a very difficult time. Fortunately, the changes we had made before the collapse combined with a continued focus on improvement helped us get through the toughest of times. We worked hard to re-invent our business model during this time and we made the tough decisions we needed to make to ensure the long term success of our company.
The final stage is where we are today which is managing in the “new normal.” The boat business is still way off its peak of 3- 4 years ago but fortunately we have made the right decisions to be successful today and in the future. Read the full article
Photo credits Nautiques.com
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