PROPSPEED APPOINTS NEW CEO

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Propspeed announces promotion of Marcus Hamilton to CEO.

Propspeed, leading innovator of underwater foul-release coatings, announced today the promotion of Marcus Hamilton from the International Sales Director to the position of CEO. In his new role he will be responsible for directing all operations for the company and driving its growth and success.

“I am proud to have worked with the sales team and our partners to expand Propspeed’s presence worldwide as the leader in protecting underwater assets,” said Hamilton. “Propspeed’s success has been a result of the high-quality, talented and motivated employees we have, the industry leading products we sell, the partners with whom we have built this business and the passion of our customers and brand. As the new CEO, I am confident that we will not only continue our momentum into the future but build on our already strong 24-year foundation. I am honoured to be selected by the board of directors to lead this incredible team, and I look forward to driving growth and success in the years ahead.”

“This appointment cements the next chapter that we embark on together,” said Guy Jacobsen, founder and majority shareholder of Propspeed. “We believe Marcus is our future leader for delivering successful outcomes for Propspeed.”

Hamilton comes to the position with more than 10 years of experience in the marine industry, working with global marine business such as Fusion Entertainment, Garmin NZ and Propspeed International.

Propspeed products include Propspeed for running gear and any underwater metals, Foulfree for transducers and Lightspeed for underwater lighting. The latest addition to the product line is StripspeedTM, a solvent-based paint stripper for underwater metals.

www.propspeed.com

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