Sam Newington dies
Sam Newington, former head of Fairline Boats, has died.
Mr Newington was the son of the company’s founder, Jack Newington and joined the company in 1970.
Initially the father and son team ran the business together with Mr Newington senior then taking a back step and his son remaining in charge for more than 25 years.
Under his leadership, the Fairline 40 was launched in 1977, enabling the company to expand into the newly popular Mediterranean markets.
In the 1980s, he took the company public where it was traded on London’s FTSE exchange with more than 300 boats from 30 to 60ftf a year being built.
Mr Newington retired in 1996 having seen the company return to private ownership when it
joined The Renwick Group, owned at the time by South African business magnate Graham Beck.
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