Peter Hamlyn has been appointed CEO of Fairline Yachts.
The appointment follows the acquisition of the luxury boatbuilder by Arrowbolt Propulsion Systems from Hanover Investors.
Peter Hamyln began his marine career at Princess Yachts in the late 1980s as an apprentice moving through the company to management over a 30 year service.
He moved to Fairline as operations director in 2018 and then to Oyster as chief operating officer in 2021.
Since then he has spent time working at Ultimate Boats, ExoTechnologies and in July 2023 was appointed COO of electric solar catamarans and sail boats manufacturer Alva Yachts.
“We look forward to aligning the business with our long-term vision to be a clean and sustainable marine brand,” said Peter Hamyln.
“However, to be clear, the industry faces a number of economic and market challenges, and we will be assessing the current business before making any strategic long-term investment decisions.”
Arrowbolt was founded in 2022 and develops cutting-edge electric propulsion technology, developing zero emission systems for the recreational boat sector.
Hanover acquired Fairline in June 2021 via the Hanover Active Equity Fund II.
