SeaWorld CEO Joel Manby announces exit after three years

in SeaWorld Orlando, SeaWorld San Diego, Theme Parks

After three years, SeaWorld Entertainment CEO Joel Manby is stepping down.

The announcement came this morning during the company’s fourth-quarter earnings call, with Manby and the board of directors agreeing “this is the right time to identify a new CEO as the Company enters its next phase of intensified focus on execution and growth.”

Chief Parks Operations Officer John T. Reilly will serve as interim CEO while an outside consulting firm searches for a permanent replacement. This change is effective immediately.

During the earnings call, SeaWorld reported a 2.7% dip in attendance from the same period last year, with 4.26 million guests attending their theme parks. The full year attendance for 2017 decreased 5.5% from 2016.

Revenue for the quarter totaled $265.5 million, which is down 0.8% from last year but still a bit higher than the $260.7 million in revenue predicted by Wall Street analysts.

Source: Business Insider