SeaWorld Entertainment, Inc. Appoints Tom Iven as Chief Operating Officer

Rhea-AI Summary

SeaWorld Entertainment, Inc. (NYSE: SEAS) announced the appointment of Tom Iven as Chief Operating Officer effective June 28, 2021. The decision was unanimously approved by the Board of Directors. CEO Marc Swanson expressed confidence in Iven's extensive theme park experience, hoping to enhance the company's operations post COVID-19. Iven previously served as Senior Vice President of Park Operations for Six Flags and has a proven track record in park operations and development. The announcement follows the termination of former COO Walter Bogumil's employment on June 27, 2021.

Positive

• Tom Iven's extensive operational experience in theme parks may lead to enhanced performance for SeaWorld.
• Iven's leadership could provide fresh perspectives and drive strategic execution moving forward.

Negative

• The sudden change in leadership raises concerns about continuity and potential disruption in operations.

ORLANDO, Fla., June 28, 2021 /PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today announced the appointment of Tom Iven to the position of Chief Operating Officer ("COO") effective June 28, 2021. SeaWorld's Board of Directors unanimously approved the appointment.

"We are excited to have Tom join the SeaWorld team as we continue to drive the business forward and emerge an even stronger company post COVID-19," said Marc Swanson, Chief Executive Officer of SeaWorld Entertainment, Inc.  "Tom brings significant theme park operating experience and a long, successful operating track record. I am confident he will make immediate contributions as we continue to execute on our strategic plans to realize the full, long-term potential of the company," continued Swanson. 

Prior to joining the Company, Mr. Iven, 62, served as Senior Vice President of Park Operations for Six Flags Entertainment Corp. He was responsible for the operations management of all of Six Flags' parks and properties. Mr. Iven began his career at Six Flags as a seasonal employee and had a successful career spanning several decades. Mr. Iven served in key operating and leadership roles both at the park and corporate level. In addition, Mr. Iven led the development and acquisition of numerous parks and other special projects that contributed to multiple years of consecutive record-breaking results for Six Flags. Mr. Iven holds a B.S. degree from Missouri State University.

Walter Bogumil's employment as COO has been terminated effective June 27, 2021.

About SeaWorld Entertainment, Inc.
SeaWorld Entertainment, Inc. (NYSE: SEAS) is a leading theme park and entertainment company providing experiences that matter, and inspiring guests to protect animals and the wild wonders of our world. The Company is one of the world's foremost zoological organizations and a global leader in animal welfare, training, husbandry and veterinary care. The Company collectively cares for what it believes is one of the largest zoological collections in the world and has helped lead advances in the care of animals. The Company also rescues and rehabilitates marine and terrestrial animals that are ill, injured, orphaned or abandoned, with the goal of returning them to the wild. The SeaWorld^® rescue team has helped more than 38,600 animals in need over the Company's history.  SeaWorld Entertainment, Inc. owns or licenses a portfolio of recognized brands including SeaWorld^®, Busch Gardens^®, Aquatica^®, Sesame Place^® and Sea Rescue^®. Over its more than 60-year history, the Company has built a diversified portfolio of 12 destination and regional theme parks that are grouped in key markets across the United States, many of which showcase its one-of-a-kind zoological collection. The Company's theme parks feature a diverse array of rides, shows and other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for its guests.

Copies of this and other news releases as well as additional information about SeaWorld Entertainment, Inc. can be obtained online at www.seaworldentertainment.com. Shareholders and prospective investors can also register to automatically receive the Company's press releases, SEC filings and other notices by e-mail by registering at that website.

CONTACT:
Investor Relations:
Matthew Stroud
Vice President, Investor Relations
855-797-8625
Investors@SeaWorld.com

Media Relations:
Stephen Schuler
Vice President, Public Relations
786-322-8041
Stephen.schuler@seaworld.com

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SOURCE SeaWorld Entertainment, Inc.

FAQ

Who is the new COO of SeaWorld Entertainment, Inc.?

Tom Iven has been appointed as the new COO effective June 28, 2021.

When was Tom Iven appointed as COO of SeaWorld?

Tom Iven was appointed COO on June 28, 2021.

What was Walter Bogumil's role before his termination at SeaWorld?

Walter Bogumil served as the COO before his termination effective June 27, 2021.

What experience does Tom Iven bring to SeaWorld?

Tom Iven has extensive experience in theme park operations, having served as Senior Vice President of Park Operations for Six Flags.

What impact might Tom Iven's appointment have on SeaWorld's future?

His leadership is expected to drive strategic execution and enhance overall operational performance.