#United States #Fort Lauderdale #Vision Marine #Nautical Ventures #Roger Moore

Vision Marine Technologies Welcomes Leadership Changes

In a significant shift within the marine industry, Vision Marine Technologies Inc. has officially announced the retirement of Roger Moore, founder of Nautical Ventures Group Inc. This change is effective as of June 18, 2026, and marks the conclusion of Moore's impressive career in the U.S. marine sector, a journey that spanned several decades.

Roger Moore's contribution to the marine industry is both remarkable and impactful. Under his leadership, Nautical Ventures evolved from just a single-location operation into a highly esteemed marine enterprise based in Florida. The company, which encompasses dealership operations, marina facilities, a solid service infrastructure, financing capabilities, rentals, and boat clubs, boasts relationships with some of the leading manufacturers in the marine industry. Since its inception, Nautical Ventures has expanded to 13 locations and was recently honored as the top dealer in Boating Industry's Top 100 Dealers ranking in the U.S. in 2024. This accolade reflects the strength of the organization Moore built and the culture he instilled.

Vision Marine Technologies acquired Nautical Ventures back in June 2025, and since then, Moore has played an instrumental role in the transition process, ensuring the preservation of customer relationships and the foundation that established the company's success.

Alexandre Mongeon, the CEO of Vision Marine Technologies, publicly acknowledged Moore's significant leadership role, stating, "Roger Moore built an extraordinary organization and established one of the most respected marine dealership networks in North America. His entrepreneurial vision and commitment to customer service have laid the groundwork for Florida's marine industry."

As Vision Marine Technologies embarks on this new chapter, the company has successfully completed the integration phase that began with the acquisition of Nautical Ventures. This phase involved a comprehensive initiative aimed at aligning operations, enhancing inventory management, and improving financing activities and service infrastructure. All these efforts have been geared towards positioning the company as a vertically integrated marine platform that caters to traditional and emerging electric boating markets.

Some of the key achievements post-acquisition include:

• - Strengthened balance sheet and improved liquidity
• - Optimization of operational locations while maintaining excellence in customer service
• - Enhanced relationships with prominent global marine manufacturers
• - Complete integration of retail sales, service infrastructure, and electric propulsion technology
• - Establishment of a unified marine platform for both traditional and electric boating markets

Looking forward, the strategic oversight of Nautical Ventures will now remain in the trusted hands of its existing operational leadership. Clement Magot and Matthew Andrews will respectively manage the day-to-day operations, ensuring continuity in sales execution and operational performance across the Nautical Ventures platform. Both individuals have extensive experience in the marine industry, with backgrounds that contribute significantly to the operational initiatives of the company.

Mongeon remarked, "Roger's retirement signifies the end of an era but also launches Nautical Ventures into an exciting new chapter, still focused on providing compelling customer experiences and operational excellence. "

While Moore will step down from all executive responsibilities and hold no further positions within Vision Marine, it is anticipated that he will continue to provide limited advisory support as needed. However, this transition is not expected to disrupt customer relationships, partnerships with manufacturers, or day-to-day operations.

Vision Marine Technologies expresses its heartfelt gratitude to Roger Moore for his invaluable contributions to the marine industry. As he embarks on his well-deserved retirement, the company looks forward to continuing its mission with renewed focus and commitment to excellence in the marine sector.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) is at the forefront of the North American marine industry, combining electric propulsion technology with a vast network of retail sales, marina operations, service infrastructures, and customer access channels. Through its innovative E-Motion™ electric propulsion technology and ownership of Nautical Ventures, Vision Marine is shaping the future of both traditional and electric boating while striving for sustainable growth and operational discipline.