Tom and Jane Schock have sold W.D. Schock Corp. to Alexander Vucelic von Raduboj, who will take over as president and be responsible for day-to-day operations.
Terms of the deal were not disclosed.
Tom Schock will remain on W.D. Schock's board and continue to connect with sailors in the new role of brand ambassador. Jane Schock also will continue with the company, helping to smooth the transition, they announced.
Vucelic von Raduboj has more than 20 years of experience in manufacturing. He previously was chief operating officer at Electric Machinery of Minneapolis.
He graduated from the Georgetown School of Foreign Service, where he rowed lightweight crew all four years. He earned an Master of Architecture degree at UCLA and a master's in business administration at Columbia University, and is a California-licensed architect.
"While at architecture school, a couple of my classmates and I dabbled in sailboat design. Little did I realize that nearly 30 years later, I'd be taking the helm at W.D. Schock," Vucelic von Raduboj said in a statement. "This is both an honor and a pleasure."
"Alexander and I have worked closely together for the last 18 months on this transaction," Tom Schock said in a statement. "He has become an involved team member in and around the shop leading up to the official 'change of watch' and has watched closely as the new Harbor 30 tooling has come to life.
"Alexander respects and appreciates the legacy of W.D. Schock Corp., and he understands the unique aspects of multigenerational family businesses, having himself grown up in a family business which spanned five generations," he added.
W.D. Schock was founded in 1946 in Newport Beach, Calif., by Tom Schock's father. The company has built more than 13,000 boats in its 65-year history.