U.K.-based Fairline Yachts named David Tydeman as its executive chairman. The company said in a statement that Tydeman will oversee Fairline’s new facility in Hythe, Southampton.
“David is credited with taking Oyster Yachts into the superyacht sector, with 80 percent of all Oysters over 80 feet secured under his leadership since 2008,” said the statement. “He is well placed to guide the board with the investment decisions necessary for Fairline Yachts to enter the larger-boat market.”
Fairline emerged from bankruptcy two years ago and has since launched several midrange yachts. Its new Targa 43 was launched two weeks ago at the Cannes Yachting Festival. It is modeled after the Targa 63 GTO, which was introduced a year earlier.
Fairline said it is now in “phase two” of its long-term plans, which includes the launches of the F-Line 33 and Squadron 64 models. The company said it would continue to invest in its production facilities.