The company said he would stay in the job at least until the theme parks reopen. Hired with an annual base salary of $600,000 as part of a three-year contract, Rivera … Serge Rivera, who took over the role in November 2019, is leaving the company effective immediately.A filing with the Securities and Exchange Commission said “his resignation was due to disagreements over the Board’s involvement in the decision making at the Company.” April 6, 2020. His predecessor, Gustavo "Gus" Antorcha, cited a similar reason for his leaving last September. AddThis. SeaWorld CEO Steps Down After Just Five Months on the Job. Rivera handed in his resignation Saturday. SeaWorld employs about 4,700 full-time employees and approximately 12,000 part-time employees. "The board remains united in guiding the company through the tough but necessary decisions to best position the business for long-term success," board chairman Scott Ross said in a statement. Seaworld's biggest fish is leaving the company. A link has been sent to your friend's email address. SeaWorld’s CEO resigns as 90 percent of employees aren’t getting paid It’s just the latest move in what’s become a revolving door on the corner office. © 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC. 'This is a unique and extraordinary period for our company, our industry, and the world,' Swanson said in a statement. ORLANDO, Fla. (AP) — 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. 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 … The spread of the novel coronavirus has paralyzed the theme park industry. He was named the CEO of the company last November. Sergio Rivera became the … Marc Swanson, SeaWorld's chief financial officer and treasurer, was named interim CEO. Like most other theme park companies operating in the US, SeaWorld's 12 theme parks have been closed since mid-March. Sergio Rivera cited his disagreement with the board of directors' involvement in decision-making at the company, according to a filing with the US Securities and Exchange Commission. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. "This is a unique and extraordinary period for our company, our industry, and the world," Swanson said in a statement. 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. SeaWorld CEO resigns just five months into his job as he cites ‘disagreements with the board’ after the company furloughed 90% of its staff SeaWorld CEO Sergio Rivera handed in resignation on Saturday, company said He cited his disagreement with board of directors’ involvement in decision-making at company, according US Securities and Exchange Commission filing […] In the fourth quarter of last year, SeaWorld had a 2.2 per cent increase in attendance from the same time in 2018. (Reuters) - SeaWorld Entertainment Inc SEAS.N said on Monday Sergio Rivera, the theme park operator's chief executive officer for just five months, has resigned due to disagreements with the board. SeaWorld's CEO, Sergio Rivera, has resigned only five months into his job, becoming the third leader of the theme park (file image) to depart in just two years. 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. SeaWorld CEO Serge Rivera, who led the company for just five months, has resigned, citing a disagreement with his board’s decision-making as the reason for his departure. He said that “This is a unique and extraordinary period for our Company, our industry, and the world. SeaWorld CEO Serge Rivera has officially resigned just five months after becoming CEO. The company said he would stay in the job at least until the theme parks reopen. According to a news release, Rivera’s resignation was due to disagreements over the board’s involvement in the decision making at the company, adding that he has stepped down from the board. … Farm Heroes Saga, the #4 Game on iTunes. He was named the CEO of the company last November after his predecessor, Gustavo 'Gus' Antorcha, cited a similar reason for his leaving last September. SeaWorld Orlando fired more than 100 employees just hours before their CEO quit Former employees at the call center said they've been training third party employees in Jamaica and Guatemala. 'We have a long tenured and experienced leadership team that is focused on managing this business through this difficult time, resuming operations and welcoming our valued ambassadors and guests back as soon as possible.'. Russia's defence minister wants to CLONE 3,000-year-old ancient warriors found in Siberia (and their horses to boot), Who will get a ticket to Biden's first address to Congress? The CEO of SeaWorld Entertainment has resigned a mere five months after taking the job at the beleaguered theme park. SeaWorld named a new CEO on Thursday, in its latest move to reverse continued attendance declines following the release of negative documentary Blackfish. Disney World said last week it would start furloughing executive, salaried and hourly non-union employees in mid-April, as it didn't know when its parks would reopen. On Thursday the company announced that CEO James Atchison will resign from his post effective January 15, 2015. Author: Dale Greenstein (WTSP) Atchison leaves with a … ORLANDO, Fla. (AP) — 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. Read or Share this story: https://www.usatoday.com/story/money/2020/04/06/seaworld-ceo-resigns-disagreement-board-directors/2955770001/, Your California Privacy Rights/Privacy Policy. Let friends in your social network know what you are reading about, This is the third SeaWorld Entertainment leader to depart in just over two years. The company said more than a week ago that it was furloughing 90% of its workers. The film focused on the life of Tilikum, a killer whale responsible for killing trainer Dawn Brancheau when he dragged her into a pool in front of shocked visitors in 2010. Like most other theme park companies operating in the U.S., SeaWorld's 12 theme parks have been closed since mid-March. Former SeaWorld Manager Accused in Embezzlement Scheme - San Diego, CA - The 47-year-old allegedly used his position as a show producer to steal more than $750,000, federal prosecutors say. But the source, who is close to SeaWorld but asked not to be named … Universal Orlando had previously aimed to re-open its parks in mid-April, but a spokesman said that the closures likely will be extended. The pandemic also has forced the closures of SeaWorld's crosstown rivals, Walt Disney World and Universal Orlando, as well as their California counterparts. The comments below have not been moderated. SeaWorld's CEO, Sergio Rivera (pictured), has resigned only five months into his job SeaWorld Entertainment's chief executive has resigned only … We are no longer accepting comments on this article. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, Biden's press secretary Jen Psaki says fatal shooting of Adam Toledo, 13, is a 'reminder' that cops use 'unnecessary force too often' - despite fact the teenager had just dropped a gun, 'Marxist' Black Lives Matter co-founder DEFENDS her property empire and says she didn't use BLM funds to buy the four homes - before breaking down in tears after revealing she has 'spent the last week with security', George W. 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A link has been posted to your Facebook feed. Total revenue for fiscal 2019 increased almost 2% over the prior year to $1.4 billion, and net income jumped in fiscal year 2019 by almost 100% over the previous year to $89.5 million. Rivera cited "disagreements" with board as reason for departure. Attendance for fiscal year 2019 was 22.6 million visitors, up 0.2 per cent from the prior year. During peak season in 2018, the company hired more than 4,000 additional seasonal workers, many of whom are high school and college students. His decision was … Rivera was named the CEO of the company last November after his predecessor, Gustavo 'Gus' Antorcha (left), cited a similar reason for his leaving last September. "We have a long tenured and experienced leadership team that is focused on managing this business through this difficult time, resuming operations and welcoming our valued ambassadors and guests back as soon as possible.". … "The board will review the role once the company reopens its theme parks," the SEC filing said. ORLANDO, Fla. — He was SeaWorld’s fourth CEO in five years, according to the Orlando Sentinel, and now Serge Rivera has resigned. SeaWorld CEO Serge Rivera has resigned after just about five months on the job. SeaWorld recently furloughed over 90% of its employees. In the fourth quarter of last year, SeaWorld had a 2.2% increase in attendance from the same time in 2018. Joel Manby, who three years ago swore to turn things around at Sea World (SEAS), is leaving the company amid continuing public image and park attendance issues. The film focused on the life of Tilikum, a killer whale responsible for killing trainer Dawn Brancheau when he dragged her into a pool in front of shocked visitors in 2010. Antorcha only held the position for seven months after his predecessor, Joel Manby (right), resigned in 2018, SeaWorld employs about 4,700 full-time employees and approximately 12,000 part-time employees. 'The board will review the role once the company reopens its theme parks,' the SEC filing said. ORLANDO, Fla. (WESH)— SeaWorld CEO Serge Rivera has resigned after just about five months on the job. Universal Orlando had previously aimed to re-open its parks in mid-April, but a spokesman said that the closures likely will be extended. The spread of the novel coronavirus has paralyzed the theme park industry. By Dailymail.com Reporter and Associated Press, Published: 15:24 EDT, 6 April 2020 | Updated: 17:35 EDT, 6 April 2020, SeaWorld's CEO, Sergio Rivera (pictured), has resigned only five months into his job. ORLANDO, Fla. – SeaWorld Entertainment's chief executive has resigned only five months into his job, becoming the third leader of the theme park … Attendance for fiscal year 2019 was 22.6 million visitors, up 0.2% from the prior year. Play it now. On Thursday, SeaWorld admitted that it had authorized employees to lie about their names and spy on animal welfare groups concerned about the treatment of the parks' animals. The pandemic also has forced the closures of SeaWorld's crosstown rivals, Walt Disney World and Universal Orlando, as well as their California counterparts. On April 6, 2020, Serge Rivera announced his resignation from SeaWorld as CEO and member of the Board. Mr Rivera's departure comes as over 90 per cent of company employees are furloughed, and theme … Total revenue for fiscal 2019 increased almost 2 per cent over the prior year to $1.4billion, and net income jumped in fiscal year 2019 by almost 100 per cent over the previous year to $89.5million. Manby, who came on … During peak season in 2018, the company hired more than 4,000 additional seasonal workers, many of whom are high school and college students. Before the pandemic forced its parks to close, SeaWorld had been on an upswing after suffering lost attendance and revenue in the years after the release of the 2013 documentary Blackfish. Disney World said last week it would start furloughing executive, salaried and hourly non-union employees in mid-April, as it didn't know when its parks would reopen. Stunning 10-acre Cape Cod coastal estate, complete with a... JPMorgan CEO Jamie Dimon warns coronavirus will cause a 'bad... 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Before the pandemic forced its parks to close, SeaWorld had been on an upswing after suffering lost attendance and revenue in the years after the release of the 2013 documentary "Blackfish." ORLANDO, Fla. – 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. SeaWorld CEO Serge Rivera Resigns in Board Dispute Amid Crisis By . SeaWorld's chief financial officer, Marc Swanson, will reportedly step in as the interim CEO. April 6, 2020, at 8:15 a.m. More. SeaWorld allegedly fired one of its top executives last year in an effort to keep its spying program under wraps, a source has told The Dodo. Rivera handed in his resignation Saturday just days after the company said they would be furloughing 90 per cent of its employees. Rivera will also step down from the company’s board of directors. Marc Swanson, SeaWorld's chief financial officer and treasurer, was named interim CEO. Rivera’s last day as CEO and as a member of the board was Saturday. SeaWorld CEO Sergio Rivera resigns after 5 months. SeaWorld CEO Quits Amid Coronavirus Pandemic. 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. SeaWorld employs about 4,700 full-time employees and approximately 12,000 part-time employees. SeaWorld CEO resigns after just five months. SeaWorld employs about 4,700 full-time employees and approximately 12,000 part-time employees. Let's start off April with some bad news, the CEO of SeaWorld Entertainment resigned after just five months with the company. He cited disagreements with the board for his resignation. None of the company´s employees are covered by a collective bargaining agreement. Another SeaWorld CEO is resigning after clashing with the company’s board. 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