SeaWorld Entertainment

SeaWorld Entertainment names Joel Manby as New CEO and President

SeaWorld Entertainment names Joel Manby as New CEO and President

SeaWorld Entertainment has named Joel Manby as its new chief executive and president. It is expected that Manby will help the company to repair its tarnished image. Manby will takeover the control on April 7.

Since 2003, Manby, 55, has effectively handled the position of president in and chief executive at Herschend Family Entertainment. For four years, Manby has also remained chief executive of Saab Automotive USA and also is the author of 'Love Works'.

SeaWorld is in crisis, as it has witnessed in attendance and was being questioned over treatment of its animals. In 2014, SeaWorld faced a drop of 4% in attendance. As per animal rights group, the decline is because the public is not favor of how the animals are being treated at SeaWorld.

SeaWorld Entertainment planning its IPO

SeaWorld Entertainment planning its IPOSeaWorld Entertainment, the operator of popular theme parks, has begun the process for its Initial Public Offering (IPO).

The operator of SeaWorld, Busch Gardens and other theme parks is planning listed three years after it was acquired by private-equity firm Blackstone Group in a deal valued at $2.3 billion. The company is expecting to raise between $500 million and $700 million through the offer and Blackstone will retain a majority stake in the company.

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