Hatteras Yacht announced today that it has named board member Gary Smith as Chief Executive Officer and Dave Goodman as Chief Financial Officer. Smith, who has been advising the company as a board member, joins Hatteras’ management having most recently led the highly successful renewal and sale of Polartec LLC, the global manufacturer of technical and performance fabrics. Previously Smith served as President of Timberland’s Outdoor Group as well as being a partner at McKinsey & Co.
“Hatteras has a tremendous and loyal customer community who are passionate about the product and its legacy,” comments Gary Smith. “I look forward to working alongside the management team, skilled craftsmen and dedicated workforce to help them continue delivering the highest quality, differentiated luxury motor yachts and convertible sport fishing boats in the industry.”
Goodman brings a significant amount of experience to Hatteras having previously served as CFO of yacht manufacturer The Hinckley Company. Having started his professional career at Pricewaterhouse Coopers, he also served as CFO of Christie’s International and VP of Sony Music Entertainment.
“We are delighted to welcome these highly accomplished professionals to the Hatteras team,” said Gregory L. Segall, CEO of Hatteras’ controlling shareholder Versa Capital Management. “Gary is a thoughtful, proven and highly successful executive with extensive experience in global manufacturing, branding and strategy. Having worked closely with him over many years, we have first-hand knowledge of his ability to collaboratively lead and grow this business. The board is confident Gary and Dave are excellent choices to lead Hatteras as it pursues its next stage of growth and continuing revitalisation.”
According to The Superyacht Agency, Hatteras has delivered a total of 38 30m-plus superyacht projects since delivering its first in 2019. Since 2010, however, the US shipbuilder has only delivered six superyacht projects, with its most prolific delivery year coming in 2014 when it delivered two vessels. After a two year hiatus, the yard returned to superyacht production with a single delivery in 2019 and with another due for delivery in 2020, Hatteras’ superyacht output seems to be stabilising.
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