C-Suite Transitions – Multiple Leadership Changes at SeaWorld Entertainment

Welcome to edition 26 of C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.

1. Eastern Co. (EML): On January 22, 2023, Peter O’Hara notified the company about his resignation as Vice President and Chief Financial Officer, effective February 3, 2023, to pursue other opportunities.
2. Fresh Tracks Therapeutics (FRTX): On January 23, 2023, Robert B. Brown, the current Chief Executive Officer notified the company about his decision to retire and resign effective January 31, 2023.
3. American International Group (AIG): On January 24, 2023, American International Group, terminated Mark D. Lyons from his position as Interim Chief Financial Officer and Executive Vice President after American International Group became aware that he violated his confidentiality/non-disclosure obligations to the company. These violations were unrelated to the company’s financial statements, financial reporting generally, and related disclosure controls and procedures, or reserves.

SeaWorld Entertainment (SEAS) and its subsidiaries are a leading theme parks and entertainment company founded in 1959 and headquartered in Orlando, Florida. Their portfolio includes SeaWorld®, Busch Gardens®, Aquatica®, Sesame Place®, and Sea Rescue®. The company’s portfolio includes 12 destination and regional theme parks across the United States. In December 2012, the company, which was originally known as SW Holdco, Inc., changed its name to SeaWorld Entertainment, Inc.

Major Management Changes

On January 27, 2023, SeaWorld Entertainment announced the promotion of eight leaders, as part of organizational changes made to position the company for long-term value creation and future growth.

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