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Correct!
The endeavor will be called Cobalt Yachts. At the moment, the new company is working primarily in the identification of a plant site, certain to be in the southeastern United States, as well as going through the selection process of key management team members. Constantinos (Cos) Constantinou, until recently Cobalt Boats’ Senior Vice President of Sales and Marketing, has been appointed President of Cobalt Yachts. Over the past months Cos has been directing Cobalt Yachts' efforts, using his extensive and diverse experience in the yachting segment. Placing particular emphasis on the recruitment of talented associates, Cos and his team continue the definition and execution of the multiple variables necessary to the launching of a new company.
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