LATHAM, N.Y., June 14, 2022 (GLOBE NEWSWIRE) — Latham Group, Inc. (Nasdaq: SWIM), the largest, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand, today announced Mark Borseth’s plans to retire from his position as Chief Financial Officer of the Company. Robert Masson, an accomplished finance executive with nearly 20 years of experience in aerospace and defense and the industrial sectors, has been named Latham’s next Chief Financial Officer and will assume the responsibilities on July 11, 2022. Masson will report to Scott Rajeski, Latham President and Chief Executive Officer. Borseth will remain with Latham as a strategic advisor to the Company through December 31, 2022, to ensure a seamless transition.
“We are extremely pleased to welcome Rob Masson as Latham’s next Chief Financial Officer,” said Scott Rajeski, President and Chief Executive Officer. “Rob has a deep understanding of the industrial manufacturing industry and proven track record of managing and developing high-performing teams to deliver results and achieve strategic and financial objectives, making him an excellent fit for Latham during the next phase of our growth.”
Mr. Rajeski continued, “Mark played an integral role in leading our company through our initial public offering last year, supporting our strategic planning and M&A activities and strengthening our organization by assembling a talented team of finance and accounting professionals. We are grateful to have benefited from Mark’s leadership and expertise during a transformative moment in our company’s history.”
“It has been an honor to serve as CFO of Latham and work alongside Scott and the rest of the talented leadership team,” said Mark Borseth. “I am proud of what we have built together, and believe the Company is well-positioned to continue to capitalize on the attractive dynamics of the pool industry and drive continued growth. Rob is an excellent choice for the role of CFO, and I look forward to working closely with him and the team from an advisory capacity to ensure a seamless transition.”
Masson joins Latham from Hypertherm, Inc., a U.S. based manufacturer of cutting systems and software. He currently serves as Executive Vice President and Chief Financial Officer. In this role, Masson oversees Hypertherm’s global financial, information technology and legal operations. Prior to Hypertherm, Masson was Vice President, Finance at Flowserve, where he led the company’s operational finance, accounting and corporate financial planning and analysis teams. From 2003 to 2016, Masson served in various finance leadership roles at Raytheon, including CFO roles for several of Raytheon’s business units. He started his career as a Lieutenant and Naval Aviator for the United States. Masson holds a Bachelor of Science degree in Economics from the United States Naval Academy and a Master of Business Administration from Harvard Business School.
About Latham Group, Inc.
Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand. Latham has a coast-to-coast operations platform consisting of over 2,000 employees across over 30 facilities.
