Nolde Out at Peter Deilmann Despite Big Plans

Earlier this month Christopher Nolde resigned from his post as Managing Director of one-ship German line Peter Deilmann. The company said in a statement that they had missed an internal revenue target by 6 percent.

Nolde was brought on in 2013 and the point man for an on-going restructuring process involving Callista Private Equity, now the majority owner of the one-ship German line, which took over from Aurelius.

Giving him tan incentive to succeed, Nolde had taken a 5 percent ownership position in the company. It is unclear whether he still has it or not.

He had re-done the line’s website, all its marketing materials and messaging, launching a new brochure this year right before the ITB Berlin show.

But the big news was coming in the company’s drydocking scheduled for November when the Deutschland will get 60 much-needed French balconies. That is still on schedule.

“Finally, passengers will be able to open the verandah door and see and feel the ocean; it makes it easier for us to market the ship. This is a crucial step,” Nolde explained, talking to Cruise Industry News in an interview this past May.

Other plans included getting another vessel, as Nolde said that a one-ship operation was not a sustainable business model.

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