SeaWorld CEO Joel Manby steps down, John Reilly named interim CEO
SeaWorld Entertainment announced that it is initiating a leadership transition plan. With improving operating and financial performance trends along with substantial progress in enhancing the strategic positioning of the Company's mission-driven brand, the Company's Board of Directors and current President and CEO, Joel Manby, agreed that this is the right time to identify a new CEO as the Company enters its next phase of intensified focus on execution and growth. Under the plan, current Chief Parks Operations Officer, John Reilly, has become interim CEO succeeding Manby, who has stepped down. Current Chairman of the Board Yoshikazu Maruyama - a 22-year veteran of the global theme park and entertainment industry - has become interim Executive Chairman until a permanent CEO is appointed by the Board, at which time Maruyama will resume his position as Chairman of the Board of Directors. These changes are effective immediately. Manby has agreed to assist the Company to ensure a smooth transition. The Board of Directors has engaged a leading executive search firm to assist in the search for Manby's successor.