Marking a milestone

Palm Beach Motor Yachts CEO Mark Richards, who took up boatbuilding at 15-years-old, is commemorating the 10-year anniversary of the purchase of his company by Grand Banks Yachts in 2014.

Richards now leads both companies as CEO and Chief Designer and the brands have gone from strength to strength, building on average 25 boats a year.

Reflecting on the success of both brands, Richards says, “It’s like sailing a big boat – it’s about people.

“You’ve got to have a good team, you have to have a good culture, you have got to have all that stuff, otherwise you can’t do what we’re doing. There are a lot of moving parts, there are a lot of personalities and a lot of egos, and you’ve got to manage all that stuff to keep everyone happy and keep it working.