Boating Business | Harken acquired by its employees



21 Sep 2020







Peter Harken Photo: Harken



Sailing equipment manufacturer Harken has been sold to its employees.

Peter Harken, who founded Harken in 1967 with his late brother, Olaf, said that over the years they had been approached by lots of good people keen to acquire the business.

”We turned down every offer that didn’t present a brighter future for our people than we could create on our own,” he said.

A place where people take chances

“My brother Olaf, Art Mitchel and I tried to build a place where people could take chances and not be afraid to fail. More and more it’s our people who have made this place the leader it is. It’s time for those who have worked with us to own Harken.”

And he expressed his confidence in the new leadership team – Bill Goggins as chief executive, Matt Malec as chief operating officer and chief finance officer, John Jensen. He also praised the executive committee, saying he looked forward to seeing them make their mark.

Bill Goggins said that the employees had been preparing for a day like this their whole careers. “We have so much gratitude for Peter, Olaf, and Art for the trust they have shown in all of us,” he said. “It will always be Peter and Olaf Harken’s company, but starting today, it is in our care and custody.”

via Boating Business | Harken acquired by its employees.

Boating Business | Plymouth to host EU debut

PLYMOUTH TO HOST EU DEBUTHOMENEWSINDUSTRY NEWSPLYMOUTH TO HOST EU DEBUT07 Sep 2020EmailShareFacebookLinkedInTwitterPrintSir Ben Ainslie will head the British SailGP team in 2021INDUSTRY DATABASESAILGPPlymouth has been selected to host SailGP’s Season two European debut when events restart in 2021.Following the season opener in San Francisco in April and New York SailGP in June, the championship will return to UK shores July 17-18.Racing in F50 boats – capable of speeds of more than 50 knots – will take place on Plymouth Sound in partnership with Plymouth City Council, with support from Associated British Ports, English Cities Fund and Sutton Harbour Group.Plymouth was selected following a competitive six-month-long bid process involving five other UK cities.AdditionNew for Season two will be the addition of the New Zealand SailGP Team to the line-up that will include Sir Ben Ainslie.“There is an element of nostalgia for me personally, having grown up and learned to sail in the West Country and now all these years later coming back to race on the international stage. Plymouth is a fantastic sailing venue with a natural amphitheater for the fans to watch these amazing F50s.”The UK event in SailGP Season one took place in Cowes in 2019, witnessed by around 24,000 spectators and reaching a total global audience of 231 million.Further dates and venues will be announced in the coming months.

via Boating Business | Plymouth to host EU debut.