Edmiston & Company Names Mark Cornell Chief Executive Officer

MONTE CARLO, Monaco, May 27, 2011 -

- The former Senior LVMH Executive will succeed Nicholas Edmiston who
will remain Chairman of the leading brand for super-premium yachting

Edmiston & Company, a global leader in the sale, charter, and management
of super and mega yachts, announced today that Mark Cornell has been
appointed Chief Executive Officer, effective immediately. Based out of the
company's headquarters in Monaco, Cornell will oversee global business for
the brand which includes locations in London, New York, Abu Dhabi, and Mexico
City. Nicholas Edmiston, who made the announcement, previously served as
Chairman and CEO and will remain Chairman of the company.

    (Photo: photos.prnewswire.com/prnh/20110527/NY09983-a )
    (Logo: photos.prnewswire.com/prnh/20110527/NY09983LOGO-b )

"I am thrilled we have been able to recruit one of the most accomplished
luxury executives in the marketplace to lead Edmiston into the next stage of
growth. Mark's international experience in building marquee brands, coupled
with his keen understanding of the luxury consumer, will further position
Edmiston as the brand of choice among a growing audience of buyers and
yachting enthusiasts all over the world," said Nicholas Edmiston. "After
nearly 15 years at Edmiston, I am excited for the future and look forward to
supporting Mark in his post as Chief Executive of the company."

"After more than ten happy and successful years working on some of the
most prestigious brands within the LVMH portfolio, I am eager to embark on a
more entrepreneurial role with a new set of challenges. With burgeoning
global wealth, Edmiston remains a premier business in an industry that is
poised for even greater growth. I look forward to expanding the company's
footprint and burnishing its brand internationally," said Mark Cornell.

Prior to joining Edmiston & Company, Cornell spent over a decade with
LVMH, most recently serving as the President and Chief Executive Officer of
Moet Hennessy USA since 2006. Prior to that, he served as the Chief Executive
of Krug Champagne for four years, overseeing strategic development of the
brand globally. Cornell's career spans many countries, including the United
States, the United Kingdom, France, Japan, and China. He received his MBA
from the International Institute for Management Development in Lausanne,
Switzerland, in 1999.

Nikki Gravning, +44-0-2073512345, ng at edmiston.com