Mark Richards
Mark Richards
Chief Executive Officer and Executive Director

Mark Richards was appointed Chief Executive Officer and Executive Director of Grand Banks Yachts in August 2014. Mr. Richards, a qualified shipwright and a passionate yacht designer, founded Palm Beach Motor Yachts in 1995. Under Mr. Richards' leadership, Palm Beach has developed a growing reputation for producing one of the highest quality and most fuel-efficient luxury motor yachts in the world.


Palm Beach's yachts have won multiple industry awards and are designed, built, and marketed out of its facility in Berkeley Vale, Australia, just 100 km north of Sydney.


In addition to Mr. Richards' accomplishments at Palm Beach, he is also a successful professional yachtsman. He is a seven-time champion skipper of the grueling 628-mile Sydney-to-Hobart yacht race, led Australia to victory in the 2003 Admiral's Cup, and has represented Australia in two America's Cup regattas.




Peter Poli
Peter Poli
Chief Financial Officer and Executive Director

In his roles as Chief Financial Officer and Executive Director, Peter leads all fiscal planning, reporting, and investor relations activities for the Company. He also plays a key role in developing and evaluating strategic business opportunities for Grand Banks Yachts. Additionally, as Executive Vice President Mr. Poli oversees the Company's Human Resources and Information Technology departments.

Prior to joining Grand Banks Mr. Poli spent twelve years in the securities business, the last three of which as the CFO for a Morgan Stanley subsidiary. He also served as the CFO of specialty retailer FTD, taking the company public in 1999. Subsequently, he became the CFO for a venture capital-backed startup in Chicago that was later sold to a competitor.

Mr. Poli holds an MBA from Harvard Business School and a BA in Economics and Engineering from Brown University.



Hank Compton
Hank Compton
Managing Director

Hank Compton was appointed Managing Director of Grand Banks Yachts in March 2015 and is based in Johor Bahru, Malaysia. Hank manages the daily operations at Grand Banks and oversees all sales and marketing outside of the Americas. Mr. Compton reports directly to the CEO and works closely on development projects for both Grand Banks and Palm Beach Motor Yachts.

Mr. Compton has been with Grand Banks since 2005 and has served in a variety of positions with the company. He started as a Senior Executive in the Malaysian Ship Yard and spent his first two years supervising various stages of Grand Banks production. He moved to the sales team in 2007 as Regional Sales Manager and subsequently as Director of International Sales. During his 7 years in sales he lived in both Singapore and Australia and established the company's first factory direct store in Queensland, Australia.

Hank holds a Bachelor's of Arts from Tufts University in Boston, U.S.A. He is a lifelong boater and has worked as a Captain along the East Coast of the United States, the Caribbean and South America. He now spends most of his free time onboard his 31 Bertram exploring S.E Asia.

Dave Northrop
Dave Northrop
VP Sales and Marketing
Director Operations Americas

Dave Northrop joined Grand Banks in August of 2014 at the time Palm Beach was acquired by Grand Banks. Dave had worked closely with Mark Richards in bringing recognition and success to the Palm Beach brand in America. Mr. Northrop is well known in the American Marine Industry with over 30 years of senior leadership experience in growing some of the most prestigious US and International yacht builders, and operating a very successful marina and retail dealership.

He holds a Bachelor of Science from Western Michigan University, and a Masters in Public Administration from Kent State University. Mr. Northrop had a notable career with the US Government before making his avocation his occupation, and has enjoyed sharing his passion for boats.





Fran Morey
Fran Morey
Director of Service & Training

Fran Morey joined Grand Banks in 1997 and has taken on multiple roles during this period. He was recently appointed the Director of Service and Training where he has various responsibilities which include being a factory liaison for customers and authorized dealers regarding after-sales and service support matters, introducing product improvements, and training both sales people and marine technicians.

In order to strengthen the Group's expanded sales efforts worldwide, Mr. Morey developed and maintains the Grand Banks Authorized Service Center network. He is also part of the Product Development Team where he introduces product improvements and innovations.

In his training role for the Group, he is responsible for developing and delivering new Grand Banks sales training curricular for the Grand Banks University program, as well as providing Grand Banks' factory certified training for over 200 marine technicians from all over the world.

Mr. Morey is a graduate of the USCG Training Center in Yorktown, VA where he studied shipboard engineering and Maritime law enforcement. He prepared for his career by spending 6 years in the United States Coast Guard serving as the duty boat coxswain for small boat search-and-rescue missions, shipboard engineer and maritime law enforcement officer.



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