New president at Monte Carlo Yachts

Following the removal of Carla Demaria, who was suspended from executive powers at MCY on November 10, Christophe Caudrelier is the new president for Monte Carlo Yachts.

In spite of consistent development of Monte Carlo Yachts, numerous disagreements have arisen between the Group and Ms Demaria during the last two fiscal years. As a result, serious strategic disagreements between Ms. Demaria and the controlling shareholder of Monte Carlo Yachts, which is Groupe Beneteau.

Christophe Caudrelier joined Groupe Beneteau as Member of the Management Board and Chief Financial Officer in 2015 to support financing for the Group’s international expansion.