SEATTLE, Wash. – Robert W. “Bob” Livingston has
officially retired from his role as the chief executive
officer of Grand Banks Yachts, the company reported in a
statement yesterday. He will continue to serve as
chairman of the board for Grand Banks, which has traded
on the Singapore Stock Exchange since 1987.
Livingston’s retirement comes after 35 years as the
company’s CEO. He originally joined the company in 1972,
when the boatbuilder was still known as American Marine
Ltd.
"I am extremely proud of our team's accomplishments
during the many years I’ve had the privilege to lead
this company,” said Bob Livingston. “We’ve seen a
remarkable evolution as Grand Banks has transformed from
a modest builder of stalwart trawlers to one of the most
highly-regarded brands around the world."
The board of directors has selected Grand Banks
president Robert W. “Rob” Livingston II to assume the
additional duties of chief executive officer effective
April 1, the company reported.
“I've always believed planning for succession was a
critical part of my role and, for the past two years,
have been working with the board on a thoughtful
succession plan,” said Bob Livingston. “Through that
process, Rob emerged as the right person to lead the
company and I am confident in his ability to continue to
drive the success of Grand Banks Yachts."
Livingston leaves the top post of Grand Banks during
what the company called “one of the most tumultuous
periods the industry has ever faced.” Such challenging
circumstances are not a new or novel experience for the
long-time leader, the company pointed out.
“Bob took the helm just as the boating industry was
facing the oil crisis of the mid-70s,” said Rob
Livingston. “He steered the company through that
tremendous challenge and many others over the years.
It’s a tribute to his leadership and his abilities that
Grand Banks is in such a strong position to weather the
current downturn. We are grateful that Bob will remain
chairman of the board and work with the team to ensure a
smooth transition and bright future."
Previous
