Alexandre Rodriguez, the chairman of Rodriguez Group, stepped down today from all management positions he has held within the company as well as its holdings.


The resignation comes following an ongoing police investigation into alleged illegal activities by Rodriguez. (The investigation does not involve the company or its holdings, such as Camper & Nicholsons or Mangusta yachts.) In a letter to the supervisory board of Rodriguez Group, he wrote, “given the current circumstances, the protection of the Group’s interests and of its shareholders must remain an absolute priority.”


Gerard Rodriguez, the founder of the company, takes over as chairman. In a statement, he says, “ I have personally dedicated my entire life to the Group and my energy remains the same, despite the circumstances, to hold the Chairmanship while waiting for a long-term solution.”


Rodriguez Group, which trades stock under the symbol ROD FP, requested a temporary suspension of trading on June 8, given the publicity over Alexandre Rodriguez's arrest. The company indicated that shares will resume trading on June 16.

Written by: Diane Byrne
Diane M. Byrne is the founder and editor of the daily updated website Megayacht News. A longtime yachting writer, she also contributes to Yachts International, Boat Exclusive, and other magazines. She is additionally a member of the International Superyacht Society Board of Directors and Vice Chair of the U.S. Superyacht Association.