Sunseeker Managing Director Stewart McIntyre steps down

Wanda Group is seeking a new Chief Executive Officer (CEO) for the Sunseeker Group. Sunseeker has announced that, after five years’ service Stewart McIntyre is stepping down as Managing Director.

 

Stewart McIntyre will leave the Sunseeker group at the end of July 2014, to pursue other interests.

In August 2013, Wanda Group acquired 91.81% of shares in Sunseeker International Limited. Wanda Group, owned by billionaire Wang Jianlin, who was named China’s richest person by Forbes Magazine in 2013, is a Beijing headquartered conglomerate with commercial properties, culture & entertainments, luxury hotels and department stores across China, Europe and the US.

By 2013, the company had total assets of USD$62.8billion and has been ambitious in global expansion in recent years.

Wanda Group has now formed a special board committee with responsibility for the selection and appointment of a new Chief Executive Officer (CEO) for the Sunseeker Group.

Sunseeker will also be appointing two independent non-executive directors to strengthen Sunseeker’s operating model and to bring further strategic expertise to the Sunseeker Board and thereby ensure the continued future success of Sunseeker’s business and its global brand.

In the interim, Wanda Group has endorsed the appointment of Robert Braithwaite CBE as Acting President of Sunseeker.

Mr Robert Braithwaite, who founded Sunseeker in 1968, will now work alongside Sunseeker’s Executive Team and Wanda Group’s post merger integration team, who will manage the business, pending the appointment of a new CEO.

‘Not just a boat manufacturer’
Robert Braithwaite, on behalf of the executive team, said ‘Sunseeker is not just a boat manufacturer; it is a family and a global brand.

“We are proud of our heritage, but as a company, Sunseeker has never stood still and we will work very hard together with Wanda Group to further strengthen our leading market position, through cutting edge innovation, world class services and a global distribution network.”

“We have huge confidence that the team in Poole, as well as the wider distributor and supplier network, will pull together as a team to take Sunseeker forward to a successful future.”

Sunseeker launched its flagship 155 Yacht (the largest private motor yacht built in the UK) in April 2014 and will soon be ‘announcing a market leading new model program for 2015 and beyond’.

 

Read full article at Practical Boat Owner – click here

 

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