Matthew Mullett, CEO of All American Marine Inc. in Bellingham, has purchased all remaining shares of corporate stock that were held by business partner and company founder Pat Pitsch, according to a company announcement.
Mullett joined the boat-building company as CEO in 1999 and has served as the managing partner of its shipyard in Fairhaven since he became co-owner in 2003.
Under the new corporate restructuring, Mullett has appointed All American Marine’s business development manager, Joe Hudspeth, to the position of vice president of business development. The company’s controller, Del McAlpine, is now the vice president of finance and corporate treasurer.
All American Marine, founded in 1987, was originally known for its 32-foot aluminum boats and “6-pak” charter boats. Since then, the company has diversified its product line to include patrol boats, research vessels, survey boats and high-speed passenger ferries.