VISION MARINE TECHNOLOGIES ANNOUNCES ROGER MOORE'S RETIREMENT AND EXECUTIVE LEADERSHIP TRANSITION AT NAUTICAL VENTURES

Executive Summary

• Vision Marine Technologies announces the retirement of Roger Moore, founder of Nautical Ventures, effective June 18, 2026.
• The transition marks the completion of the integration phase following Vision Marine's acquisition of Nautical Ventures in June 2025.
• Day-to-day operations at Nautical Ventures will continue under existing leadership, with no expected impact on operations, customer relationships, or the Company's strategic plan.

Key Details

• Roger Moore retires from all executive responsibilities and will not hold any executive, board, or shareholder positions within Vision Marine Technologies.
• Moore may provide limited advisory support to assist with continuity of certain strategic relationships and initiatives.
• Nautical Ventures will continue to be managed by existing operational leadership: Clement Magot (General Manager) and Matthew Andrews (General Manager).
• Integration accomplishments since the June 2025 acquisition include strengthening the balance sheet and liquidity, optimizing operating locations and overhead, expanding manufacturer relationships, and integrating retail, marina, service, financing, rentals, boat clubs, and electric propulsion technology into a single operating platform.
• The transition is explicitly stated to not impact customer relationships, manufacturer partnerships, employee continuity, day-to-day operations, or the execution of the Company's strategic plan.
• Nautical Ventures remains Vision Marine's primary retail, marina, service, financing, and customer access platform throughout Florida.

Notable Quotes

• Alexandre Mongeon, CEO: "Roger Moore built an extraordinary organization and established one of the most respected marine dealership networks in North America. His entrepreneurial vision, commitment to customer service and passion for boating created a business that has become a cornerstone of Florida's marine industry."
• Alexandre Mongeon, CEO: "Roger's retirement marks the completion of the integration phase and the beginning of the next chapter for Nautical Ventures and Vision Marine."
• Alexandre Mongeon, CEO: "As we move forward, our focus remains on disciplined execution, operational excellence and the continued development of our integrated marine platform."