Gabe Newell is taking over Oceanco, a yacht-building company known for constructing high-end superyachts like Jeff Bezos' Koru and Walmart heir Nancy Walton Laurie's Kaos. His deep-seated fascination with the sea and respect for maritime workers inspired his acquisition. Newell's 364-foot-long yacht is in development through Oceanco, which has undergone various leadership changes since 1987. The company emphasizes that Newell's leadership approach will focus on preserving its existing team culture rather than making significant changes.
Newell is acquiring Oceanco, the yacht-building company that's creating his $400 million super ship, reflecting his lifelong fascination with the sea.
Oceanco, based in the Netherlands, has changed leadership several times since its founding in 1987, with Newell now taking the helm.
Newell's interest in Oceanco is driven by respect for those who live and work on the sea, and he aims to enhance its established culture.
Newell's plans at Oceanco include supporting the team's vision and integrity instead of implementing drastic changes.
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