Princess Yachts International plc are pleased to announce that Richard Lambert has been appointed to the Board at Princess Yachts International plc as M Class Director. This key position has been established to strenghten the yard’s existing capability to support sales of the growing range of Princess M Class superyachts.

First Princess 40M Yacht Imperial Princess

Richard brings with him a wealth of experience from the marine industry, most recently as Managing Director of the OceanStyle division of the Burgess which specialises in meeting the needs of owners and buyers of semi custom luxury motor yachts in the 20 to 45 metre range. As head of M Class sales Richard will be working closely with the existing sales team, together with the manufacturing and product development teams at Princess.

This significant appointment recognises the growth of this important market sector within Princess and has come at the opportune time with interest in the company’s expanding range of M Class yachts at it’s height following the success of the first Princess 40M motor yacht Imperial Princess at the World Superyacht Awards earlier this month. Development of the company’s new superyacht manufacturing facility at South Yard is also moving forward after Princess received confirmation in April that they can begin drawing down on a £4.5 million grant awarded by the Government Regional Growth Fund (RGF) to back a major investment to turn the site into a world leading shipyard.