Chris Gates, managing director of Princess Yachts, will be stepping down from the position. Gates has worked at the U.K. builder for more than 30 years. A company statement said that Gates will become a special advisor to Executive Chairman Antony Sheriff.
“Chris’s contribution to our company’s success is immeasurable and it is fitting that Chris’s last year as MD has been the most successful in our company’s history,” said Sheriff in the statement. “We are grateful to retain Chris’s enormous experience within Princess in his new role.”
Princess also said that Matt Pears has joined the executive team and board as Chief Operating Officer to oversee the builder’s manufacturing, supply chain and quality operations.