MJM Yachts Announces Appointment of New President & CEO

Washington, NC – May 28th, 2024: MJM is pleased to announce that Natascia Hatch has been promoted to President and Chief Executive Officer of Seolta Holdings LLC, the parent company of MJM.

Natascia has an exceptional background in yacht building and business leadership, making her ideally suited to be at the helm for the future of MJM. The entire MJM team is excited to have Natascia leading the way and confidently looks forward to strong continued sales growth and product development with the support and dedication of our dealer partners.

Since the acquisition of MJM Yachts in September of 2023, production at the Washington, North Carolina, facility has steadily increased, with a focus on delivering boats of the highest quality in a timely manner. The entire Seolta/MJM team is dedicated to seeking continuous improvement to ensure our owners enjoy the best possible boating experiences with their family and friends.

The forthcoming launch of the all-new MJM 42 cruising yacht marks the start of an exciting new chapter for MJM. This next generation express design leads the industry in performance, efficiency, and cruising comfort.

MJM offers its deepest appreciation and gratitude to outgoing CEO Peter Johnstone for his stewardship of the brand since 2019.

Kevin Madden, Co-founder and Managing Partner of Saothair Capital Partners, principal owner of Seolta, shared, “The impact Peter has had on making MJM what it is today could not be overstated. We cannot begin to thank Peter enough for his guidance of MJM through a difficult transitional period. He successfully overcame the challenges of moving production in-house and the extra difficulties of doing so during the Covid pandemic, and he managed to double production output over this period. We all wish Peter great success in his future endeavors, and Peter’s imprint on the legacy of MJM will never be forgotten.”

ABOUT MJM: MJM Yachts designs and builds exceptional inboard and outboard powered luxury performance yachts in the 38 to 50-foot range. Each yacht features the MJM indoor/outdoor, all-weather/all-condition capabilities and the unique Carolina Downeast style.

For additional information, please contact Christopher Hughes at [email protected] or (203) 253-2836.