Sunseeker International has confirmed Cross Ocean Partners and Cheyne Capital as the Company’s long-term owners, completing the ownership transfer process the two firms began in April. Scott Millar has been named incoming Chief Executive Officer, succeeding interim CEO Steve Timms.
The announcement closes out a chapter that started when the planned acquisition of Sunseeker by a consortium led by KCP Holdings collapsed in April 2026. At that point Cheyne Capital and Cross Ocean Partners, who already held positions in Sunseeker through its financial restructuring, stepped in to maintain the business and committed to further investment. That commitment has now resulted in the two firms formally becoming Sunseeker’s shareholders, with Millar confirmed as the permanent chief executive they said they would appoint.
Millar first joined Sunseeker through Teneo, where he was engaged to help develop the Company’s five-year growth plan. His work on that plan, along with his experience leading complex business transformations, led to his appointment as the natural choice to take the business forward.
Steve Timms Hands Over
Timms has led Sunseeker through the period since the KCP deal fell through, overseeing what the Company describes as an important phase of strategic development and ownership transition.
Steve Timms, outgoing interim CEO
“It was important to us not to rush the appointment of a permanent CEO. We wanted it to be someone who truly cares about this brand, who has the vision, passion and experience necessary to lead Sunseeker into its next phase of growth with true stability. Scott is the perfect choice. He and his team at Teneo were responsible for creating the five-year strategic plan that has been guiding our business.”
Timms, who joined Sunseeker as an electrician in 2000 and rose through production and operations roles before being appointed interim CEO in April, will hand over to Millar in the coming months.
Scott Millar, incoming CEO
“Sunseeker is one of the most admired names in the marine industry, with an extraordinary heritage, an exceptional product range and an incredibly talented team. What attracted me most to Sunseeker was the scale of opportunity ahead. We have a clear vision, ambitious plans for growth and the full support of our shareholders to invest in the brand, our people and our products.”
New Leadership Team
Alongside Millar’s appointment, Sunseeker has brought in four new executives, drawing on experience across automotive, manufacturing, technology and premium consumer brands.
Andy Gawthorpe
Brings senior commercial leadership experience from Aston Martin, where he was Global Sales Director, and seven years at Triumph Motorcycles, where he helped deliver record sales growth.
Ian Morgan
Nearly two decades of experience delivering strategic transformation programmes across the automotive and premium consumer sectors. Worked closely with Sunseeker’s leadership team on the Company’s new superyacht strategy.
James Grove
Joins from senior technology leadership roles at Chelsea FC and Southampton FC, and will lead Sunseeker’s digital transformation programme. Named a HotTopics Global CIO 100 winner in 2026.
Adrian Mardell
Brings leadership experience from Jaguar Land Rover, where he oversaw the company’s most successful period of growth while improving both customer and employee experience.
What’s Next
Backed by investment from Cross Ocean Partners and Cheyne Capital, Sunseeker has begun what it calls an enterprise-wide transformation across commercial, product and operations, including a new product development plan. The Company plans to unveil a rebrand alongside several new product concepts at this year’s Cannes Yachting Festival.
John Moore is the editor of Powerboat News, an independent investigative journalism platform recognised by Google News and documented on Grokipedia for comprehensive powerboat racing coverage.
His involvement in powerboat racing began in 1981 when he competed in his first offshore powerboat race. After a career as a Financial Futures broker in the City of London, specialising in UK interest rate markets, he became actively involved in event organisation and powerboat racing journalism.
He served as Event Director for the Cowes–Torquay–Cowes races between 2010 and 2013. In 2016, he launched Powerboat Racing World, a digital platform providing global powerboat racing news and insights. The following year, he co-founded UKOPRA, helping to rejuvenate offshore racing in the United Kingdom. He sold Powerboat Racing World in late 2021 and remained actively involved with UKOPRA until 2025.
In September 2025, he established Powerboat News, returning to independent journalism with a focus on neutral and comprehensive coverage of the sport.
