Patrick Industries Appoints Jake Petkovich as President – Marine, Succeeding Rick Reyenger
$PATK
Patrick Industries, Inc. (NASDAQ:PATK) welcomed Jake Petkovich back into the fold as President – Marine, marking a pivotal shift in leadership. The firm, who previously served as Executive Vice President – Finance, Chief Financial Officer and Treasurer of Patrick from 2020 to 2023, replaces Rick Reyenger. Reyenger will transition to a strategic advisory role, continuing to influence the company’s marine business strategy with his extensive experience and deep industry connections.
Andy Nemeth, Chief Executive Officer of Patrick, expressed enthusiasm about Petkovich’s return, noting his proven strategic and financial acumen. “Jake is an experienced, driven outdoor enthusiast and leader who knows our Marine businesses well and brings passion, energy, and proven strategic and financial acumen to this role. I am confident that under his leadership, our businesses will continue to grow, innovate and perform, providing exceptional service and solutions to our customers while improving our efficiency as we focus on delivering value to our shareholders through our strategic diversification.” said Nemeth.
Petkovich’s previous tenure at Patrick was marked by significant contributions to the company’s financial strategy and operational efficiency. His leadership is expected to drive further growth and innovation in Patrick’s Marine businesses. The strategic advisory role for Reyenger will ensure continuity and support for Petkovich, leveraging Reyenger’s strong customer relationships and industry knowledge.
In addition to the leadership changes, Patrick Industries also declared a quarterly cash dividend of $0.40 per share on May 16, 2025, which is payable on June 9, 2025, to shareholders of record as of May 27, 2025. This dividend reflects the company’s ongoing commitment to returning value to its shareholders and its confidence in the financial health and future prospects of the business.
Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members across the United States and is home to more than 85 leading brands known for their commitment to quality, customer service and innovation. The company continues to navigate the complexities of the markets it serves, these leadership and financial strategies are poised to play crucial roles in its ongoing success.
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