Sunseeker International has confirmed the departure of CEO Andrea Frabetti, issuing a statement to address market speculation and reassure stakeholders about the company’s continued operations. The announcement comes during a period of significant transformation for the British luxury yacht builder.
The Poole-based manufacturer emphasized its commitment to maintaining business continuity and strategic direction despite the leadership change. In its official statement, Sunseeker assured investors and clients that ongoing operations, production schedules, and customer deliveries would proceed as planned.
During his tenure since 2019, Frabetti led Sunseeker through a remarkable period of product development and market expansion. Under his leadership, the company successfully launched numerous new models and implemented an ambitious growth strategy that included doubling the product range to 22 models within three years.
Notable achievements during Frabetti’s leadership include the introduction of the Ocean series, featuring the successful 90 Ocean and 100 Ocean models, which marked Sunseeker’s bold entry into the volume-maximizing yacht segment. The company also strengthened its position in the superyacht market with the development of larger vessels, including the innovative 50M Ocean series.
Recent company developments have positioned Sunseeker for continued growth, including strategic partnerships and significant investment in manufacturing capabilities at its Poole facilities. The shipyard’s order book remains strong, with production slots secured well into 2026 across multiple model lines.
Industry analysts note that Frabetti’s departure comes at a time when Sunseeker has successfully navigated post-pandemic challenges and established a solid foundation for future growth. The company’s recent financial performance has shown resilience, with strong sales particularly in the 30-meter-plus segment.
The board of directors has initiated the process of identifying a successor, with an interim leadership structure in place to ensure smooth operations. Sunseeker’s executive team remains focused on delivering the company’s current product strategy and maintaining its market position in the luxury yacht sector.
Looking ahead, Sunseeker confirmed its commitment to the existing product development roadmap, including several new model launches planned for 2026. The company’s statement emphasized that its strategic vision, which includes expansion in key markets and continued investment in sustainable technologies, remains unchanged.
The manufacturer’s dealer network, spanning over 74 countries, continues to provide sales and service support, with no disruption to customer relationships or after-sales service expected during the transition period. Sunseeker’s production facilities in Poole, Portland, and Osprey Quay maintain normal operations, with all current projects proceeding according to schedule.
Industry observers suggest that Sunseeker’s strong market position and clear strategic direction will help ensure a smooth leadership transition. The company’s recent organizational strengthening, including key appointments in sales, design, and production roles, provides additional stability during this period of change.
Sunseeker’s commitment to innovation remains evident in its ongoing development programs, including advances in sustainable propulsion systems and smart vessel technology. These initiatives, started under Frabetti’s leadership, continue to progress as planned.
The luxury yacht builder maintains its focus on expanding its range of vessels from 55 to 160 feet, with particular emphasis on larger models that have shown strong market demand. Recent successes in the superyacht segment have reinforced Sunseeker’s position as a leading force in luxury yacht manufacturing.
As the search for new leadership proceeds, Sunseeker’s board has emphasized the importance of finding a candidate who can build upon the company’s strong foundation while bringing fresh perspectives to drive future growth. The timing of the leadership transition allows for a measured approach to selecting the right successor to guide Sunseeker through its next phase of development.
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