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Antorcha leaves SeaWorld after seven months, interim CEO in place
POSTED 17 Sep 2019 . BY Andy Knaggs
Gus Antorcha joined SeaWorld from Carnival Cruise Lines in February 2019
SeaWorld CEO Gus Antorcha has resigned from his position after just seven months in the role, with chief financial officer Marc Swanson stepping up as interim chief executive officer.

Antorcha, who joined in February from Carnival Cruise Lines, commented: "While I may have a difference of approach, I continue to believe in SeaWorld's strategy, mission, team and prospects."

Chief accounting officer Elizabeth Castro Gulacsy has been appointed interim chief financial officer, while continuing in her previous role, and Antorcha added: "Marc and Elizabeth are fine leaders, and I am confident in their abilities to guide the company forward."

Scott Ross, chairman of SeaWorld's Board of Directors, thanked Antorcha for his contribution, before quickly detailing the qualities of Swanson and Gulacsy. He said: "We know Marc and Elizabeth will be excellent leaders in their new roles and will continue to successfully drive the business forward.

"Marc has been with the company for 19 years and has a deep understanding of the company, its parks and its strategy. He has been a key contributor to the success of the business for several years. Elizabeth has been with the company for seven years and has extensive knowledge of the company and its financial profile."

SeaWorld's recent results showed an upswing after a number of years of decline, much of it caused by controversy over captive cetaceans in its parks. Visitor numbers for the first six months of 2019 were 9.8 million – a 1.7 per cent rise year on year. Earnings were up by 34 per cent to US$166m (€151m, £134m) over that period.

Antorcha had recently spoken positively about his initiatives to turn SeaWorld around, including measures designed to make the company more cost-efficient. As reported in the latest edition of Attractions Management, he said: "We're going to continue to find ways to become more efficient without impacting the guest experience."
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SeaWorld has reported further growth in visitor numbers and revenue in its Q2 and half year results, with total revenue reaching US$626.6m (€559.43m, £514.5m) for the first six months of 2019.
Zhonghong loan default will not affect SeaWorld finances, says Antorcha


SeaWorld CEO Gus Antorcha has revealed more details about its failed China projects, after its majority shareholder, Zhonghong Group, defaulted on outstanding loan payments forcing the operator to terminate exclusivity agreements with the property developer.
Major SeaWorld shareholder defaults on payments, China agreements cancelled


SeaWorld has terminated agreements with its major shareholder for park exclusivity and design in China, citing "non-payment of undisputed amounts" owed to it.
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Jobs   News   Products   Magazine
NEWS
Antorcha leaves SeaWorld after seven months, interim CEO in place
POSTED 17 Sep 2019 . BY Andy Knaggs
Gus Antorcha joined SeaWorld from Carnival Cruise Lines in February 2019
SeaWorld CEO Gus Antorcha has resigned from his position after just seven months in the role, with chief financial officer Marc Swanson stepping up as interim chief executive officer.

Antorcha, who joined in February from Carnival Cruise Lines, commented: "While I may have a difference of approach, I continue to believe in SeaWorld's strategy, mission, team and prospects."

Chief accounting officer Elizabeth Castro Gulacsy has been appointed interim chief financial officer, while continuing in her previous role, and Antorcha added: "Marc and Elizabeth are fine leaders, and I am confident in their abilities to guide the company forward."

Scott Ross, chairman of SeaWorld's Board of Directors, thanked Antorcha for his contribution, before quickly detailing the qualities of Swanson and Gulacsy. He said: "We know Marc and Elizabeth will be excellent leaders in their new roles and will continue to successfully drive the business forward.

"Marc has been with the company for 19 years and has a deep understanding of the company, its parks and its strategy. He has been a key contributor to the success of the business for several years. Elizabeth has been with the company for seven years and has extensive knowledge of the company and its financial profile."

SeaWorld's recent results showed an upswing after a number of years of decline, much of it caused by controversy over captive cetaceans in its parks. Visitor numbers for the first six months of 2019 were 9.8 million – a 1.7 per cent rise year on year. Earnings were up by 34 per cent to US$166m (€151m, £134m) over that period.

Antorcha had recently spoken positively about his initiatives to turn SeaWorld around, including measures designed to make the company more cost-efficient. As reported in the latest edition of Attractions Management, he said: "We're going to continue to find ways to become more efficient without impacting the guest experience."
RELATED STORIES
FEATURE: People profile: Gus Antorcha


SeaWorld's new CEO Gus Antorcha on the company's new direction as it starts to recover following several years of turmoil
SeaWorld bounce back continues with strong first half results


SeaWorld has reported further growth in visitor numbers and revenue in its Q2 and half year results, with total revenue reaching US$626.6m (€559.43m, £514.5m) for the first six months of 2019.
Zhonghong loan default will not affect SeaWorld finances, says Antorcha


SeaWorld CEO Gus Antorcha has revealed more details about its failed China projects, after its majority shareholder, Zhonghong Group, defaulted on outstanding loan payments forcing the operator to terminate exclusivity agreements with the property developer.
Major SeaWorld shareholder defaults on payments, China agreements cancelled


SeaWorld has terminated agreements with its major shareholder for park exclusivity and design in China, citing "non-payment of undisputed amounts" owed to it.
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New Dream Cruises ship to have world's longest seaborne coaster
The world's longest rollercoaster at sea will be included in an on board theme park on Dream Cruises' new Global Dream ship, due to launch in early 2021.
Scott Carver Architects to renovate oldest theatre in New South Wales, Australia
The Victoria Theatre, the oldest in the Australian state of New South Wales, is to undergo a renovation led by Scott Carver Architects aimed at conserving its heritage features and reviving it as a venue for live performances.
State-of-the-art aquarium to open in Vietnam in early 2020
A new high-tech aquarium that developers claim will be a model for future aquarium projects is to open on Phu Quoc Island, Vietnam, in early 2020.
Universal reveals new details for Beijing resort, announces seven themed lands
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We are pleased to announce that Euro Attractions Show is now IAAPA Expo Europe. [more...]
Vekoma Rides Manufacturing B.V.

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IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
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We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
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FEATURED SUPPLIER

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VIDEO GALLERY

Red Raion Showreel 2018
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Trailer Peter Pan - Saving Tinkerbell VR – Red Raion
Miko and the Spell of the Stone - Movie Trailer – Red Raion
Introducing AnimaChat! – Animalive
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

29-31 Oct 2019

Mediterranean Resort & Hotel Real Estate Forum (MR&H)

Hilton Athens, Athens, Greece
18-22 Nov 2019

IAAPA Expo

Orange County Convention Center, Orlando, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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