Vard Marine Inc. Announces CEO Transition

Dave McMillan and Wade Carson, outgoing and incoming CEO of Vard Marine
Dave McMillan (left), Wade Carson (right)

Vard Marine Inc. today announced that Dave McMillan, the firm’s President and CEO, will retire on May 31st, 2020 to pursue another chapter in his career in the marine industry as a Marketing/Business Development consultant. The Board of Directors has named Wade Carson as the new President and CEO of the company upon Dave’s retirement.

During over 30 years with Vard Marine, Dave McMillan was instrumental in the growth of the firm in size and market presence. He helped the company establish new markets and partnerships, as well as build a team of highly skilled engineers. Dave has been a catalyst in positioning Vard Marine as a leader in the maritime industry.

Wade Carson, who for the past 6 years has led the business’s strategic direction as VP Business Development and most recently was on assignment as interim Managing Director of affiliate company Vard Electro Canada, will step into the role with a vision to build on the foundation of achievement and growth established by Dave McMillan.

Dave made the following statement: “It has been a privilege to lead such a dynamic company for the last 15 years. A deep understanding of Vard Marine’s core values, priorities and proven business practices are vital to the future success of the company. Passing these responsibilities on internally as much as possible has always been a value that we have promoted. Wade is a bright and talented leader, whose energy and vision will guide Vard Marine through further growth and development in the coming years. Vard Marine will be in good hands as the company sharpens its focus on existing products and services and pushes into new markets. As much as I will stay engaged in a consulting role with Vard Marine for a number of years to come, the ever-growing number of grandchildren, DIY projects, golf courses and countries still to explore with my wife Carol are an exciting next chapter for me.”

Wade Carson commented: “Dave has built Vard Marine from a small consulting company of less than 20 people to one of the most prominent naval architecture and marine engineering companies in the sector. He has provided mentorship and guidance throughout my 18 years with the company, providing solid business leadership, reflected in the strong track record of the company. He is always ready to roll up his sleeves and help solve a design problem and I look forward to carrying on his legacy and building on the remarkable craftsmanship Dave has delivered throughout his career.”

Chairman of the Board of Directors in Vard Marine, Kjell Morten Urke says: “I would like to thank Dave for his excellent performance and cooperation over several decades. Vard Marine is a vital part of VARD’s design and engineering broad expertise, and we highly appreciate all the exciting projects developed by Dave and his team in Vard Marine. I wish him all the best. I will also take this opportunity to thank Wade. I’m glad that we can continue the strong cooperation across borders and further develop Vard Marine for the future."

Through the challenges of the current times, Vard Marine’s vision to build relationships based on trust and deliver value to our clients remains ever clear and strong. Wade’s enhanced vision sees further growth and development in technology, research, new markets and, most importantly, service to the constantly evolving needs of our customers.