Further strengthening its ties with China, SeaWorld has elected Zhonghong Zhuoye Group's (ZZG) Yoshikazu Maruyama as its new chair, also naming Donald C. Robinson as its lead independent director.
After
purchasing a 21 per cent stake in the operator earlier this year, ZZG and SeaWorld outlined their intention to design and develop future themed entertainment destinations, including theme parks, waterparks and FECs, in China, Taiwan, Hong Kong and Macau.
Showing its commitment to these plans, in June
SeaWorld appointed ZZG chief strategy officer Wang Yonli, and Marayuma, president of Zhonghong Group's US operation, to its board directors. Maruyama now succeeds David D'Alessandro after the former company chair
failed to win a majority of votes for his re-election at SeaWorld’s annual meeting.
Maruyama brings a wealth of experience to the role, with more than 20 years working in the sector, including his time as chief strategy officer during the early turnaround of Universal Studios Japan.
"This transition demonstrates our dedication to ensure SeaWorld's long-term success and growth for the interests of its shareholders and our commitment to a sustainable future," said D'Alessandro, who along with Judith McHale and Ellen Tauscher will step down from the board on 9 October.
"Yoshi brings the perspective of our largest shareholder. He also helped drive the turnaround of a leading theme park company, creating significant value for its stakeholders. Our company and our board will benefit from his leadership."
Robinson, a director of SeaWorld since June last year, also has roots in Asia, having previously acted as executive vice president of Hong Kong Disneyland and holding more than 30 years of executive and management positions at global theme park, retail, restaurant, resort, and entertainment businesses.
"Our board is committed to continuing to advance its governance standards and independence, and we believe that by establishing these two complementary roles with clear responsibilities, we can enhance the rigorous and independent oversight of the company and the board," said Robinson. "Yoshi and I intend to work closely with the other directors and the management team to advance the company's progress on behalf of all its shareholders and other stakeholders."
