COOMERA, South-East Queensland, Australia – Having overseen and contributed to Riviera’s development and growth since a Riviera management buyout in October 2002, Richard White has decided that now is an appropriate time to step down from the boatbuilder’s board, the company said in a statement yesterday. White will retain a significant shareholding in Riviera and will be supportive as Riviera continues to expand its production and worldwide distribution.
“I have thoroughly enjoyed working with Riviera management for the past 4 years, culminating in the secondary buyout in October 2006,” White said. “Since then we have strengthened the senior management team and I now feel able to move on with the company in good hands.”
“I would like to express my thanks to Richard for his invaluable support and mentoring over the last four years.” said Wes Moxey, CEO.
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