It’s not good to be SeaWorld (or its CEO) these days.
SeaWorld Entertainment’s chief executive has resigned only five months into his job, becoming the third leader of the theme park company to depart in just over two years, according to a company filing released Monday.
Sergio Rivera cited his disagreement with the board of directors’ involvement in decision-making at the company, according to a filing with the U.S. Securities and Exchange Commission.
His predecessor, Gustavo “Gus” Antorcha, cited a similar reason for his leaving last September [snip]…
…The spread of the novel coronavirus has paralyzed the theme park industry. Like most other theme park companies operating in the U.S., SeaWorld’s 12 theme parks have been closed since mid-March.
The company said more than a week ago that it was furloughing 90% of its workers.
It would be interesting to know just what, exactly, is causing so much turmoil between SeaWorld CEOs and the SeaWorld Board. Whatever it is, the underlying problem is that SeaWorld’s business model, and its reliance on captive animals and large crowds, is simply not a good fit for today’s world.
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