The British company Oyster Yachts has announced the appointment of its new board, less than a month after confirming that they will resume manufacturing yachts in the UK. Photo: Oyster YachtsThe new Oyster Board will consist of CEO Richard Hadida and Chief Financial Officer, Becky Bridgen, who joins Oyster following a successful career with PwC, with recent experience as part of the deals team providing financial advice to FTSE 100 companies and private businesses, including many associated with the marine industry.
They join Non-Executives Ashley Highfield (who will act as Senior Independent Director), Eddie Jordan, Ivan Ritossa and Rob Humphreys, who has been responsible for designing over 20 Oyster models, including the 118, 575 and flagship 885. Notably, Eddie Jordan is himself a serial Oyster owner, having circumnavigated the globe on his Oyster 885 Lush. (Lush, pictured above, Jordan pictured below)
The technology and gaming entrepreneur, Richard Hadida, who acquired Oyster Yachts back in March 2018 is clear on his commitment to re-establish Oyster as "the premium designer and manufacturer of blue water yachts in the world", according to the shipyard. Photo: Oyster Yachts
Hadida (pictured below) had this to say on the new board: “We are committed to building the best possible team here at Oyster which we believe will put us in the strongest position to deliver an effective turnaround and get Oyster back to where it should be – the absolute pinnacle in yacht design. Getting the right leadership, oversight and governance in place is key to building a sustainable business."
He continued, “These appointments fit perfectly. They bring extensive industry expertise and corporate experience. Most importantly, all Board members are a great cultural fit. Their passion for sailing and the Oyster brand is clear. Eddie is a well-known Oyster owner already while Rob’s deep connection to Oyster stretches back many years. I would also like to welcome Becky to the Board. She has bought huge insight to the team as we begin the turnaround. I very much look forward to working with them and accelerating the re-building of this great business”.
The SuperYacht iQ 2018 Market Report
Did you know that in 2017....
- 180 new yachts over 30 metres were sold
- 149 new yachts over 30 metres were completed
- 443 yachts over 30 metres were under construction
- 30% of the yachts under construction were available for sale
- 20% of the yachts were owned by clients from the USA