THE chief executive of Cowes Week Ltd (CWL) will take on a new role as part of a company restructure after this year’s regatta.
Stuart Quarrie has agreed to take on a new role of sailing director from September as part of a move to cut operational costs.
In a statement today (Monday) Cowes Week Ltd said it was moving away from a chief executive-led hierarchical structure to an executive management team consisting of a sailing director, sales and marketing director and finance director, led by the chairman of Cowes Week Ltd.
The existing sailing committee, shore-side committee and finance committee will continue to operate in the same way, as will the Cowes Week Ltd board, which has overall responsibility.
Current chairman, Peter Dickson, said: "We are always looking to the future and making refinements to ensure the event is the best it can be.
"This latest chapter in our evolution will provide focus to the key areas and present a more efficient management structure while retaining the established governance model for the member clubs."
Cowes Week Ltd said it would ensure the roles and responsibilities of the management team would reflect the challenges the regatta needed to meet over the next five to the years.
•Enhancing the racing programme to attract new classes and sailors, as well as retaining the event’s existing competitor base.
•Attracting sponsorship investment.
•Keeping a tight focus on CWL’s finances through the current difficult economic times.