Vision Marine Technologies Appoints Lakshmi Rampersaud as General Manager of Nautical Ventures Group
Rhea-AI Summary
Vision Marine Technologies (NASDAQ/TSXV: VMAR) appointed long-time Nautical Ventures executive Lakshmi Rampersaud as General Manager of subsidiary Nautical Ventures Group, effective in 2026. The role formalizes her central operating position and gives responsibility for day-to-day execution across sales, service, purchasing, inventory, accounting and customer support on NVG’s Florida platform.
Rampersaud has been with Nautical Ventures since 2021 and has contributed across procurement, inventory planning, supplier relations and international logistics, providing continuity through NVG’s acquisition by Vision Marine and subsequent integration. She brings over 18 years of experience in marine retail, supply-chain and logistics, and will work closely with Vision Marine’s COO to align NVG with the parent company’s integrated technology, retail and marine-service structure.
Positive
- Appointment of experienced General Manager to oversee NVG’s day-to-day operations
- Over 18 years of marine retail, supply-chain and logistics experience added to leadership
- Continuity in Nautical Ventures operations following its acquisition and integration into Vision Marine
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 28 | App launch | Positive | +7.8% | Launched mobile battery-monitoring application for compatible Vision Marine systems |
| Jul 23 | Dealer appointment | Positive | +1.0% | Named Nautical Ventures exclusive authorized STERK Yachts dealer in Florida |
| Jul 22 | Patent application | Positive | -0.9% | Filed U.S. patent application covering marine low-voltage power management |
| Jul 21 | Strategy update | Neutral | -10.9% | Outlined integrated marine technology strategy and reported operating cash generation |
| Jul 14 | Equity offering | Negative | -6.4% | Completed at-the-market equity offering raising gross proceeds through share issuance |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent reactions were positive for app and dealer announcements but negative for strategy and offering news.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Established internal leader to oversee day-to-day execution across Nautical Ventures'
A long-standing member of the Nautical Ventures team, Lakshmi Rampersaud has played an integral role in the company's operations and development since joining the organization in 2021. The appointment expands Lakshmi Rampersaud's leadership mandate and formalizes the central operating role progressively assumed across the business.
As General Manager, Lakshmi will oversee NVG's day-to-day operations and coordinate execution across sales, service, purchasing, inventory management, accounting and customer support.
Lakshmi's contributions to Nautical Ventures extend across procurement, inventory planning, supplier relations, international logistics and cross-functional execution. This broad involvement has positioned Lakshmi at the intersection of the principal activities supporting NVG's multi-location retail, service and customer-delivery platform.
Throughout Nautical Ventures' expansion, its acquisition by Vision Marine and the subsequent integration of the businesses, Lakshmi has provided operational continuity and extensive institutional knowledge. A detailed understanding of NVG's product portfolio, supplier network, internal processes and customer-delivery requirements has made Lakshmi a key point of coordination among management and the company's operating departments.
"Lakshmi Rampersaud has played a consequential role in the development and operation of Nautical Ventures," said Alexandre Mongeon, Chief Executive Officer of Vision Marine. "Lakshmi understands the organization at an operational level—from purchasing and inventory to sales, service and customer delivery—and has consistently demonstrated the judgment required to coordinate these interconnected functions. This appointment establishes clear day-to-day leadership under an executive with deep knowledge of the business and its stakeholders."
Lakshmi brings more than 18 years of experience across marine retail, supply-chain management, international logistics and commercial account operations. Before joining Nautical Ventures, Lakshmi held progressively senior positions with Florida East Coast Railway and ARI Shipping Corporation. Lakshmi holds a Bachelor of Business Administration in International Business and Marketing from Florida International University, with a concentration in logistics, supply-chain management and operations.
In 2024, Boating Industry named Lakshmi among its Women Making Waves honorees for leadership and contributions to the recreational boating industry.
In the new role, Lakshmi will work in close coordination with Maxime Poudrier, Chief Operating Officer of Vision Marine, to maintain alignment between Nautical Ventures and its parent company. The mandate will center on operating discipline, departmental accountability, inventory and purchasing coordination, and consistent execution across NVG's
"Nautical Ventures has a highly capable team, an established portfolio of marine brands and a strong presence in the
Lakshmi's appointment advances Vision Marine's broader objective of maintaining an integrated operating structure across its technology, retail and marine-service activities.
About Nautical Ventures Group Inc.
Nautical Ventures Group Inc. is a
For more information, visit www.nauticalventures.com.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) is a marine technology and recreational boating company focused on delivering premium on-water experiences through proprietary high-voltage electric propulsion systems and a multi-brand retail, service and distribution platform. Through its E-Motion™ technology and Nautical Ventures network, Vision Marine combines technology development, product integration, consumer access and marine service capabilities across electric and conventional boating segments.
For more information, visit www.visionmarinetechnologies.com.
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements within the meaning of applicable Canadian securities laws and the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the responsibilities and priorities associated with Lakshmi Rampersaud's appointment; the coordination and alignment of Nautical Ventures and Vision Marine; and the Company's objectives concerning its operating structure, departmental accountability and execution.
Forward-looking statements are based on management's current expectations, assumptions, estimates and projections and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied. These risks include, without limitation, the Company's ability to successfully integrate and operate acquired businesses; the ability of management and personnel to implement operational initiatives; changes in consumer demand; inventory and liquidity-management risks; dependence on floor-plan financing; supplier performance and availability; supply-chain disruptions; tariffs and international trade policies; competitive developments; general economic and recreational boating market conditions; availability of capital; and other risks described in the Company's filings with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.
Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this release. Vision Marine undertakes no obligation to update or revise forward-looking statements except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Vision Marine Technologies, Inc