Former Banking Executive Takes the Helm at the Preeminent Luxury Mega
Yacht Sharing Company
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–AvYachts,
the elite provider of fractional luxury mega yacht ownership, has named
William C. Davies, Jr. as Chief Executive Officer.
William brings a wealth of financial savvy and expertise to the company,
thanks to his extensive background as a banking industry leader and
innovator. He comes to AvYachts from City National Bank, where he was
the Director of Strategy focused on business development and product
expansion. Prior to that, as the Corporate Banking Executive at City
National Bank, he successfully managed a team of corporate relationship
managers across that bank’s footprint.
“William is definitely a non-traditional choice for the CEO of a
yachting company—but that was a strategic and deliberate decision for
AvYachts,” said Kathy Kennedy, COO of AvYachts. “Who better than a top
banking industry executive to drive the development of a company that
finally makes owning a yacht cost efficient? We welcome his energy,
direction, and leadership as well as his passion for our mission of
shared yacht ownership and the clients we serve.”
“I could not be more thrilled to be on board and leading this company
that is transforming the yachting industry,” said William. “AvYachts
opens up a world that many never thought possible for themselves and
their families, at a cost far less than owning a yacht outright—but with
a personalized touch unavailable in charters. Not to mention, it’s a
sound and strategic financial choice,” said William.
A smarter financial decision, and—finally—an accessible option for more
yachting enthusiasts to experience the highest quality mega yachting
experience, shared ownership allows an owner to pay for the actual time
the boat is used. Full mega yacht owners are paying for time the boat is
docked and not used. On average, the AvYachts owner—at 20%
ownership—saves 70% compared to full ownership of a similar vessel,
making it easy to afford a far superior mega yacht. In comparison to
charters, the level of hassle-free, personalized and high-level of
service that AvYachts provides is priceless.
About AvYachts
AvYachts brings to yachting the fractional ownership model pioneered by
private jet travel companies such as Flexjet and NetJets. Owners can
purchase one of five shares in a luxury mega yacht, with each share
entitling its owner to six weeks annually aboard a fully crewed luxury
mega yacht. AvYachts owners can travel to and from some of the most
sought-after destinations including South Florida, the Bahamas, the
British Virgin Islands and New England, with planning for European and
other global destinations underway.
AvYachts is the most dynamic and trusted global alternative yachting
lifestyle brand, the first truly new advance in yachting in generations.
Combining shared, hassle-free and cash-efficient luxury mega yacht
ownership with a highly curated and customized voyage, AvYachts makes it
about the experience, not the vessel. Visit us on the Web at www.avyachts.com
or on Instagram at @instantyachtification.
Contacts
Nicole Kaldes, 646-249-0713
[email protected]
