Published: Thursday, 03 October 2013
Mike Fulton

Following the company’s foray into new areas such as Malta and Singapore and as key senior people are moving on to pastures new, so there has been some reshuffling in the management structure at Fraser Yachts.

Restructuring At Fraser Yachts 1Fabio Ermetto - Farser Yacht's new chairman

Former sales and marketing director from Heesen Yachts, Fabio Ernetto, joined as chairman in July. He is also the president of Azimut-Benetti’s Yachtique Division. Fraser’s global marketing director, Patrick Coote, has left and joined Blohm & Voss as their new sales and marketing director.

Restructuring At Fraser Yachts 3Patrick Coote has left to join Blohm & Voss

It is also understood that Fraser’s chief executive, Hein Velema, will be leaving the company but not much else is known at this time.

Fraser has established a franchise arrangement in Malta, which is being run by the current president of the Malta Superyacht Industry Network, Gino Cutaja. Meanwhile, the company is working closely with Julian Chang in Singapore and may open an office there in early 2014.