Sunseeker has appointed Steve Timms as interim CEO as the British luxury boatbuilder confirms its future strategy.
Previously chief operating officer, with more than 25 years of experience with the business, Steve will take on the role while Sunseeker works with its advisers to undertake a comprehensive search process for a permanent CEO.
Antony Sheriff will also remain with the business as a special advisor.
Subject to regulatory approvals, Sunseeker’s existing investors Cheyne Capital and Cross Ocean Partners intend to shortly take over ownership of the business.
Future growth plans
The investors say they have decided to maintain Sunseeker’s existing holding structure and believe that they are currently best placed to support future growth plans and unlock value in the company.
The announcement follows on from the news that the consortium led by KCP was unable to complete the previously announced and agreed debt purchase and subsequent share acquisition within the required timeframe as it was not able to finalise its funding arrangements in time.
It was announced in March 2026 that KCP group had entered into an agreement to purchase 100% of the shares in Sunseeker and Andrés Rubio was to be the new CEO as part of the transition.
Leading superyacht builder
Earlier in 2026, Sunseeker announced a new direction for the business, focused on implementing a new growth plan and repositioning the brand as a leading superyacht builder.
To support this plan, Cheyne Capital and Cross Ocean Partners plan to provide further investment into the business over the coming months across our products, operations and people to support ongoing operations and to accelerate future growth.
In March 2026, Sunseeker marked the lamination of its first superyacht hull at its Dorset facilities.
Sunseeker was founded in 1969 and is headquartered in Poole, Dorset, employing around 1,900 people and producing approximately 90 yachts a year ranging from 55–134 feet, with 98% exported worldwide.
