Knight announces Powerboat P1 restructure

P1 continues to lead the way in international offshore powerboat racing

P1 continues to lead the way in international powerboating by announcing a restructure designed to position the company for future success. Nathan Knight, founder and CEO of Powerboat P1, confirms that the company is searching for experienced senior management to join KBL and assist with the next phase of this growth sport.

“For some time now, we have been working on a plan to build our senior management team to allow me to concentrate on corporate development.”

“P1 has undergone tremendous growth over the last few years and the Board and the company is very conscious of the need to move from an entrepreneurial phase to a corporate organisation that can support the World Championship and structure our business for the future. This requires additional resources and expertise and full time commitment. Given these requirements and the fact that I reside with my family in Brussels, it is time that we find a permanent CEO to take the business forward. I will remain with the company beyond the transition as an active Board member and you will continue to see me at the races as part of the KBL team.”

“The changes we are looking to make are intended to strengthen the sport and our business and they underscore our continued belief and investment in the future of Powerboat P1. We are all working flat-out to produce another momentous season of top-level motorsport.”