Herschend bids a fond farewell to CEO Joel Manby, appointing current CFO Andrew Wexler as interim CEO.
Commenting on the news that Manby is to become CEO of SeaWorld, Nelson Schwab III, managing partner of Carousel Capital, and chairman of Herschend’s board, said, “Joel has been an incredible and influential leader at Herschend for the past 17 years, first serving on the board and then in the past decade as the company’s CEO. He successfully built a financially sound and talent-rich organization and has doubled the size of the business during his tenure. While here, Joel has recruited and inspired a first-rate and experienced management team. This team will undoubtedly continue to flourish with the support of the board and the family ownership as the as the company moves forward."
Chris Herschend, vice chairman of Herschend’s board, added, “One of Joel’s greatest gifts to Herschend was his ability to articulate and extend our culture as the business grew. He worked tirelessly to assure our family's principles and values were clearly communicated, measured, and most importantly modeled – all while growing and diversifying the company’s portfolio. We will miss him, but are buoyed to know Joel carries and shares Herschend values wherever he goes in the future."