Wednesday, June 12, 2024

Hatteras Yachts names new CEO

Kelly Grindle
[/media-credit] Kelly Grindle

Hatteras/Cabo Yachts LLC has appointed Kelly Todd Grindle as CEO of the New Bern-based company. Grindle served most recently as president of outdoor products at Vista Outdoor Inc., in Overland Park, Kan., a $2.3 billion designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets.

Philadelphia private-equity firm Versa Capital Management LLC bought the operating businesses of the Hatteras/Cabo sportfishing boat and yacht building companies in 2013 from Illinois-based Brunswick Corp. Three years earlier, Hatteras Yachts and Cabo Yachts consolidated their operations when Cabo moved its production from Adelanto, Calif. to New Bern, where Hatteras has been producing boats since 1959. Hatteras builds luxury motor yachts from 60 to 100 feet, sportfishing convertibles from 54 to 77 feet, and the 45 Express.

“We are pleased to have recruited a senior executive with the industry knowledge and experience to lead Hatteras Yachts through its next phase of growth,” Gregory Segall, Hatteras chairman, said in a release.

“Kelly Grindle is an acknowledged leader in the outdoor sports and recreational marine industries, and will have a positive impact on our ability to deliver the best quality yachts to Hatteras customers today, and to continue the company’s long tradition of pioneering innovative design and technology in the future.”

Prior to Vista Outdoor Inc., Grindle spent 15 years as senior group vice president at Johnson Outdoors, Inc. in Racine, Wis.

Allison Williams
Allison Williams
Allison Williams is senior editor of Business North Carolina. You can reach her at

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