Propspeed appoints new CEO

Auckland, New Zealand – Propspeed, leading innovator of underwater foul-release coatings, announced today the promotion of Marcus Hamilton from the International Sales Director to the position of CEO.

In his new role he will be responsible for directing all operations for the company and driving its growth and success.

“I am proud to have worked with the sales team and our partners to expand Propspeed’s presence worldwide as the leader in protecting underwater assets,” said Hamilton. “Propspeed’s success has been a result of the high-quality, talented and motivated employees we have, the industry leading products we sell, the partners with whom we have built this business and the passion of our customers and brand. As the new CEO, I am confident that we will not only continue our momentum into the future but build on our already strong 24-year foundation. I am honored to be selected by the board of directors to lead this incredible team, and I look forward to driving growth and success in the years ahead.”

With a solid understanding of the marine industry and a track record of leading international sales and marketing teams to success, as well as experience with implementing systems and processes and shifting leadership strategies to elevate and evolve businesses, Hamilton brings a wealth of expertise to his new role as CEO of Propspeed. With a strategic mindset, passion, and motivational style of leadership, Hamilton has consistently inspired his teams to exceed expectations and achieve disproportionate results.

“This appointment cements the next chapter that we embark on together,” said Guy Jacobsen, founder and majority shareholder of Propspeed. “We believe Marcus is our future leader for delivering successful outcomes for Propspeed.”

Hamilton comes to the position with more than 10 years of experience in the marine industry, working with strong successful global marine business such as Fusion Entertainment, Garmin NZ and Propspeed International. In these 10 years Hamilton has held positions of International Marketing Manager, VP of Sales & Operations Americas, and most recently International Sales & Business Improvement Director for Propspeed International.

Propspeed products include Propspeed for running gear and any underwater metals, FoulfreeTM for transducers and LightspeedTM for underwater lighting. The latest addition to the product line is StripspeedTM, a solvent-based paint stripper for underwater metals.

For more information on the Propspeed, please visit

About Propspeed
Propspeed develops high-performance products that make marine craft more efficient and economical to run and maintain, with an eye toward doing the least harm to humans and the marine environment. Propspeed manufactures and distributes Propspeed, recognized globally as the leading product for preventing marine growth on underwater metals. Biofouling – the accumulation of marine life on ships’ hulls – increases drag and costs the global shipping industry an estimated $7.5 billion a year in wasted fuel. Based in New Zealand, where sailing excellence is culturally ingrained, Propspeed has become a worldwide phenomenon throughout the marine industry.