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Grand Banks Appoints New Plant Director for Malaysian Operations
Philip Lin returns to Grand Banks to head production at company’s largest facility.

Seattle, WA – April 27, 2005 – Grand Banks Yachts, Ltd. announced today the hiring of Philip Lin as Plant Director, Malaysian Operations. Mr. Lin previously worked for the company from 1977 to 1994 at its facility in Singapore, where he ultimately rose to the position of Plant Director.

“Phil played an instrumental role in the establishment of our new facility in Malaysia back in 1993,” said Grand Banks Chairman and CEO Bob Livingston. “Today the majority of Grand Banks yachts are built at that plant, and we’re very pleased to have him back with the company for this challenging position.”

Mr. Lin started at Grand Banks as a Design Engineer. In 1981 he became a Production Manager, and was named Plant Director for Singapore Operations in 1984. Ten years later, Mr. Lin departed to launch his own company, growing the firm into a successful boat brokerage and repair firm. He was later picked as Production Manager by Kristen Yachts, a manufacturer of custom steel-hulled sail and power boats located in Victoria, British Columbia.

In his new position at Grand Banks, Mr. Lin will be responsible for the overall operations of the Malaysian factory, including production and quality control. He will also join the Senior Management and Product Development Committees, bringing his vision and experience to the company’s renowned boat-building team. In addition, Mr. Lin is an avid yachtsman who has voyaged over 6,000 nautical miles throughout the waters of Southeast Asia.

Mr. Lin replaces Bruce Livingston in the position of Plant Director, who is leaving Grand Banks after nearly ten years to return with his family to a new boat-building venture in Taiwan.

“Bruce has played an important role in Grand Banks, and we wish him all the best,” said Bob Livingston. “Phil brings proven skills and Grand Banks experience to his new role with the company, so operations will continue to move swiftly forward. People here remember Phil for his outstanding contributions, and the team in Malaysia is very excited to have him on board.”

About Grand Banks – Since 1956, Grand Banks Yachts, Ltd. has built yachts of superior quality that have become industry hallmarks and earned a loyal following around the world. Renowned for their handmade craftsmanship, distinctive good looks, and tried and true all-weather capabilities, Grand Banks yachts continue to be the choice of discerning boaters today. Learn more about the company and its legendary Heritage, Eastbay, and Aleutian series yachts at grandbanks.com.

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David Hensel
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2288 West Commodore Way
Suite 200
Seattle, WA 98199
Tel: 206 352 0116 x116
Fax: 206 352 1711


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