Managing Director Steps Down At Sunseeker
Published: Tuesday, 22 July 2014
Sunseeker announces that after five years’ service and having led the business through successive periods of ownership, Stewart McIntyre is stepping down as Managing Director and 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 (Holdings) Limited (Sunseeker). 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 strong footprints across China, Europe and the US. It operates mainly in four sectors, including commercial properties, culture and entertainment, luxury hotels and department stores. By 2013, the company had total assets of USD$62.8 billion and has been ambitious in global expansion in recent years.
Wanda Group has restated its commitment to the management and operations of Sunseeker Group and has formed a Board Committee responsible for selecting and appointing a new CEO for the Sunseeker Group.
In the interim, Wanda Group has endorsed the appointment of Robert Braithwaite as Acting President of Sunseeker. Braithwaite, founder of Sunseeker, 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.
“Wanda is committed to Sunseeker and its workforce and as such looks forward to working with the new management on initiatives that continue to build the brand,” says Wang. “In the meantime, Wanda has already put a plan in place to transform Sunseeker to the next generation of success. Wanda will continue to provide both financial and management support to Sunseeker going forward.”
“Sunseeker is not just a boat manufacturer; it is a family and global brand,” says Braithwaite. “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.”
With the European boat show season approaching, Sunseeker will be announcing a program for 2015 and beyond.