Ocean Racingthe biz

set adrift

CEO Knut Frostad signed off from his tenure at the Volvo Ocean Race yesterday, and call us crazy, but shouldn’t you have a new CEO before the old one leaves?  Knut’s right hand man and VOR Chief Operating Officer Tom Touber is off for greener pastures as well, and while there’s plenty of wheeling and dealing going on behind the scenes, the clock she is a’ tickin’ and at least publicly, the VOR looks to be a rudderless ship.
Love him or hate him, Knut’s work ethic, commitment, and love for the sport is impossible to deny.  Respect.  Here’s a little excerpt from Knut’s piece.

So tell us about why you came to make this decision to leave the job at this time?
KF: It was quite similar to the day I decided to stop offshore racing. It was two things – I have a family, and the kids are growing, and that’s following your heart again. For me it’s very difficult to reduce the time and energy I invest in anything, for me to say that I should step back from my role and start going home at 5pm rather than 8pm, that’s not an alternative. I can’t deliver something that I am  proud or satisfied with if I do that.
I got to a place where the ends didn’t meet. I’ve pushed with my heart for so long and eight years has been non-stop. I also felt that it was time for someone else but me. Not because I have run out of ideas, I have a few for the next race, but because it needs a fresh perspective in some areas.