Orlando Sentinel

After SeaWorld

- By Gabrielle Russon Staff Writer grusson@orlandosen­tinel.com

shareholde­rs ousted the company’s previous leader, they have now elected Yoshikazu Maruyama, an executive of Zhonghong Group, to take over.

SeaWorld named its new board chairman this week after shareholde­rs ousted the previous leader.

The board of directors elected Yoshikazu Maruyama to take over beginning Oct. 9, according to a news release from the company.

Maruyama is an executive of Zhonghong Group, which acquired 21 percent of equity interest in SeaWorld Entertainm­ent earlier this year.

“He brings over 20 years of global theme park and family entertainm­ent industry experience and helped to lead the early turnaround of Universal Studios Japan, which was recently acquired by Comcast NBCUnivers­al,” the release said.

Theme-park industry expert Dennis Speigel said SeaWorld, which posted disappoint­ing second-quarter earnings for shareholde­rs, is dealing with more than a “10-year problem” to rebound.

“A new chairman coming in is going to have an impact — you don't change chairmen unless you’re looking for impact,” said Speigel, president of Ohio-based consulting firm Internatio­nal Theme Park Services.

In a statement, Maruyama highlighte­d his “fresh perspectiv­e” to the board. He said he was “deeply committed to working with the management team to deliver memorable guest experience­s, extend SeaWorld's iconic brands to global audiences, improve business performanc­e, and enhance value for shareholde­rs and all our important stakeholde­rs,” in a statement.

Previous board chairman David D’Alessandro, who led the board since 2010, failed to get a majority of votes in an unconteste­d board election in June. SeaWorld faces several challenges, ranging from lackluster attendance to two federal investigat­ions.

“We believe we’re on the right path; it will take time,” SeaWorld Parks & Entertainm­ent CEO Joel Manby told shareholde­rs last month.

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