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Grand Banks Yachts Fills Executive Vice President Position
Rob Livingston is promoted to EVP and appointed to Board of Directors


Seattle, WA – July 13, 2004 – Grand Banks Yachts has promoted Rob Livingston to Executive Vice President and appointed to the company's Board of Directors. Mr. Livingston's promotion was effective July 1 and will continue to report to Bob Livingston, Chairman and Chief Executive Officer.

Rob Livingston was promoted from Vice President of Marketing, a position he has held with the company since 2001. As EVP, he will be responsible for marketing, distribution, service and strategic development. Mr. Livingston also worked for Grand Banks from 1993 to 1995. He has also spent time with Dean Witter, Morgan Stanley, America Online and aQuantive in various investment banking and business development positions. Mr. Livingston holds an MBA from Duke University and a BS in Finance and International Management from Georgetown University.

“I am confident that Rob has the background and expertise to continue to move Grand Banks in the right direction,” said Bob Livingston, Grand Banks chairman and CEO. “Rob has demonstrated the ability to challenge assumptions and fix problems, while constantly seeking opportunities to improve the company.”

Grand Banks Yachts, Ltd. has been building boats since 1957 and is recognized worldwide for its long-standing tradition of superior craftsmanship evidenced on its legendary Grand Banks® product line. Highly acclaimed for their distinctive good looks, stately design, elegant interiors and long-range performance capability, Grand Banks yachts are the choice of discerning yachtsmen throughout the world.

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Media Contact
David Hensel
Director of Brand & Marketing
2100 Westlake Avenue N.
Suite 107
Seattle, WA 98109
Tel: 206 352 0116 x116
Fax: 206 352 1711


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