Princess Yachts returns to profit as momentum continued into 2026
Princess Yachts posted a £17.6 million operating profit and £35.9 million Adjusted EBITDA for 2025, and says profitability has continued…
Gemini have announced that a management buy-out is in the final stages of being concluded.
Gerhard Neethling, the current global sales and marketing manager, and Juan Oberholzer, Gemini’s current general manager, will be taking over the reins, with the former assuming the position of CEO and the latter becoming the company COO.
Gerhard Neethling has more than 13 years’ experience at Gemini. In that time, he has built strong relationships with the dealer network and other key customers, both local and overseas. Juan Oberholzer, being a highly experienced chartered accountant with 15 years of experience across a number of industries, offers strong financial modelling and control with particular focus on the structures and processes that are critical to success in these uncertain business times.
Handing over the reins are Jeff Stephens, Graham Symmonds and Henning Blaauw, who
have spent a combined 101 years at Gemini Marine, and to ensure continuity, a fully planned and phased transition is underway.
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For more information visit www.gemini-marine.com.
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As the 57th Southampton International Boat Show (SIBS) closed on Sunday 27 September, its organiser British Marine reports the following:
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