After 18 years leading the yacht brokerage firm Edmiston & Company, founder Nicholas Edmiston plans to step back from day-to-day management of the business.
Edmiston’s son Jamie will become CEO, effective immediately, with Nicholas serving as chairman.
Founded in 1996, Edmiston offers sales, charter, management, new construction and crew services.
“I have been involved in the yacht business for over 45 years,” Nicholas Edmiston said in a statement.“I am very proud to have built a business that stands for quality and expertise and innovation in what is a highly competitive market. Now is the right time to hand over day-to-day management to Jamie, who has played a key role in Edmiston’s success.With his knowledge of the yacht business, as well as his expertise in the luxury brand space, I have no doubt that he will continue to take Edmiston from strength to strength.”
Jamie Edmiston was with Edmiston between 2001 and 2011 before leading an investment into the British luxury brand Linley. After Linley’s recent sale to Malaysian investors, Jamie has returned to Edmistonto lead the business.
Edmiston, reporting a strong 2014, sold five yachts in five weeks last spring and increased charter bookings by 15 percent from the previous year. The company also said it has seen major buyers re-emerge in the United Kingdom, Europe and the United States during the last 12 months.
“I have been intimately involved with Edmiston for much of my working life. I am delighted to take on the leadership of the business as chief executive and look forward to building the business for the future,” Jamie Edmiston said. “We have a great team of people, and I am confident Edmiston will continue to thrive.My aim is very clear, to ensure that Edmiston continues to play a defining role in the yacht business.”