BALTIC YACHTS STRENGTHENS ITS BOARD OF DIRECTORS

Baltic Yachts’ Board of Directors announced today that Jurate Keblyte has been appointed Chief Financial Operating Officer (CFOO) alongside long term Chief Executive Officer (CEO) Henry Hawkins.

This leadership appointment is effective immediately and follows the announcement that Sam Stenberg has stepped down as Managing Director (MD) in mutual agreement.

Baltic Yachts continues to enjoy 100% commitment from Ottobock Holding and Prof. Hans Georg Näder, who has a strong vision for the company.

Baltic Yachts expects turnover in the range of €35M in 2018 and is looking forward to starting work on new projects, and to continuing progress on current build projects. The company remains one of the world’s leading boat yards delivering custom-designed, high-performance, award-winning yachts.

CEO Henry Hawkins said: “Baltic Yachts is entering this new phase of its development in a very strong position and remains the go-to company for advanced composite yachts. I and Jurate Keblyte look forward to successfully executing the company’s strategy and bringing our many exciting plans to fruition.”

For further information contact:

CEO Henry Hawkins                             CFOO Jurate Keblyte
+49 170 226 2651                                   +358 40 183 3627
henry.hawkins@balticyachts.fi          jurate.keblyte@balticyachts.fi