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.
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.
Yung Pine "YP" Wong
YP Wong was a student engineer in 1971 when he joined Grand Banks Yachts (then American Marine) at the Company's original factory in Hong Kong. He subsequently became Assistant Production Engineer until that facility closed its operations in 1975. Thereafter, he held a wide range of management and executive positions in the Hong Kong boat building industry.
He re-joined Grand Banks in 1988 as Engineering Manager at the Company's Singapore factory. In his current capacity as Chief Engineer he is responsible for engineering and product development operations at Grand Banks in Malaysia.
Mr. Wong holds a Bachelor of Science (Engineering) from the Hong Kong University and a Diploma in Management Studies from the Hong Kong Polytechnic.
Director of International Sales
Hank Compton was appointed Director of International Sales in February 2013, following a corporate restructure and his relocation to Singapore. His responsibilities include managing all dealer and retail sales outside of the United States. Mr. Compton reports directly to the CEO and works closely with the Grand Banks shipyard in Malaysia.
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 and has spent the last seven years as the Regional Sales Manager for the Asia Pacific region. In addition, he established and built the first Grand Banks retail store, Gold Coast Australia, which has strengthened the company's position in an increasingly important part of the world.
He 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 on the water.
Director of Brand & Marketing
Jonathan Cooper joined Grand Banks in 2002 as the Marketing Manager. Currently as Director of Brand and Marketing, Mr. Cooper's primary role encompasses the design and strategic development of marketing tools, online presence, advertising, dealer support programs, media strategy, events and public relations. He also serves as Grand Banks' in-house professional photographer, and has earned covers on over fifteen yacht magazine titles since 2006.
Mr. Cooper's creative background has brought a new facet to the traditional marketing position, as he plays a primary role both in the direction of the company's marketing strategy and in the creative output - from web design to print advertising. He also produces, designs, and edits Grand Banks' annual magazine, Spray, distributed to GB owners and enthusiasts across the globe.
After earning a BA from Hamilton College in upstate New York, Mr. Cooper worked for Grey Advertising in New York City and Getty Images in Seattle.
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.