Former Riviera CEO starts motoryacht venture

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Wes Moxey is back at the helm of a multimillion-dollar boatbuilding venture, but he is not planning to go head-to-head with Riviera, the company he left two years ago.

Moxey, who resigned as CEO of Riviera in 2008, has teamed with Sydney dealer and former Riviera retail manager Lee Dillon to launch Belize Motoryachts, which will feature retro-style vessels, the website Goldcoast.com reports.

The yachts were designed in Australia and will be built in Taiwan, where Moxey said tooling for the range was advanced. Dillon will handle distribution from his new business, Luxury Design Motoryachts, in Sydney. Moxey will handle pre-delivery and customization.

Belize is targeting nine boat sales in its first year, growing to about 50 a year during the next five years across four models, the smallest of which is a 50-footer, according to the report.

Moxey said the United States and Europe, in particular, would drive international sales.

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