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. Richard's accomplishments at Palm Beach, he is also a successful yachtsman. He is a two time world champion and record holding eight time winner of the prestigious Sydney to Hobart yacht race, led Australia to victory in the 2003 Admirals Cup and has represented Australia in dozens of international regattas including two Americas Cups.

Heng Huat Chiam
Heng Huat Chiam
Chief Financial Officer

Chiam was previously the CFO of RF Networks Pte Ltd, a network infrastructure services provider based in the USA. From 2012 to 2014, Chiam was the Country Manager for BT Global Services Pte Ltd where he led the IT business for British Telecom in Singapore.

From 2003 to 2008, Chiam was the CFO of Frontline Technologies Corporation Ltd, an SGX listed company that was subsequently delisted in 2008 when it was acquired by British Telecom Group plc. He has some 25 years of financial management and public accounting experience in both large multinational corporations as well as public-listed organizations in Singapore.

Mr. Chiam holds a Bachelor of Commerce and Administration degree from the Victoria University of Wellington in New Zealand.

Hank Compton
Hank Compton
Managing Director

Hank manages the daily operations at Grand Banks, all sales and marketing outside the U.S., and works closely on development projects.

Hank, a lifelong boater and experienced captain, has been with Grand Banks since 2005, serving in several positions: senior executive in the Malaysian shipyard, regional sales manager, and director of international sales. He has lived in both Singapore and Australia, and established the company's first customer-direct facility in Queensland.

Hank holds a Bachelor of Arts degree from Tufts University in Massachusetts, USA.

Dave Northrop
Dave Northrop
VP Sales and Marketing
General Manager/ Director Operations Americas

Dave had worked closely with CEO Mark Richards in bringing recognition and success to the Palm Beach brand in America. Dave is well known in the American marine industry, with more than 30 years of senior leadership experience in growing some of the most prestigious U.S. and international yacht brands, as well as operating a successful marina and retail dealership. Dave had a notable career with the U.S. government before making his avocation his occupation.

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