Sunseeker CEO Andrea Frabetti steps down, interim CEO appointed
Andrea Frabetti is departing Sunseeker
British luxury boatbuilder Sunseeker has announced that Andrea Frabetti has stepped down as CEO.
Frabetti, who has led Sunseeker as CEO since July 2019, has stepped down from his CEO and board director role with immediate effect, and by mutual agreement.
Scott Millar of Teneo Financial Advisory has been appointed as interim chief executive officer, effective today (8 December 2025), while the formal search for the next CEO commences.
Millar, who is Teneo’s senior managing director and head of the global corporate transformation practice, has over 27 years of experience advising and leading luxury brands, including in the automotive and yacht sectors across Europe, the US, and the UK.
Frabetti was initially rumoured to be stepping down in November 2025.
Frabetti first joined Sunseeker in 2018 as chief technical officer before taking on the CEO role in July 2019.
Andrea Frabetti, CEO of Sunseeker, says: “It has been an honour to lead at Sunseeker International during what has been a pivotal time for the business and the wider sector. Following the recent new financing to strengthen Sunseeker’s financial position and support ongoing operations, now is the right time for me to step down. I leave the business in safe hands and look forward to seeing its continued success.”
Scott Millar, interim CEO of Sunseeker, says: “I would like to thank Andrea for his commitment and dedication to Sunseeker and his personal support to me in taking on interim leadership of the business. Sunseeker maintains a strong position in its market thanks to an outstanding team of people and a supply chain focused on building and delivering world class yachts for our customers. It is a privilege to lead the business whilst a permanent CEO is found.”
In a statement, Sunseeker said that following fresh capital investment from its lenders, Cheyne Capital and Cross Ocean Partners, the business is preparing for a new period of growth. The boatbuilder says it remains focused on its existing strategy to fulfil its global order book and invest in new product development, including its superyacht strategy.
