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Friday 29th January, 2016 – FERNANDO EIROA, currently President & Chief Executive Officer (CEO) of Palace Entertainment, the US subsidiary business of Parques Reunidos, has been appointed CEO of the Parques Reunidos Group with effect from 1 February 2016.
Fernando succeeds Yann Caillère (63) who, after two successful years of leading the business, has decided to step down, given the longer term commitment required in the context of a targeted IPO of the company.
Fernando (51) has an outstanding business track record from his 12 year career at Parques Reunidos and brings the long-term future commitment required as the CEO of a listed company. Yann will facilitate an orderly transition as Fernando re-locates back to Spain from the US, will continue to support the Parques Reunidos Group as a Senior Advisor and will also pursue other non-executive roles.
Fernando Eiroa has served as President and CEO at Palace Entertainment since 2007 and as Chief Operating Officer (COO) for the Group in Europe between 2004 and 2007. Prior to joining Parques Reunidos, he was Country Manager at Best 4 Cell. Fernando graduated in Marketing and Business Management and holds an Executive MBA update and an Advanced Management Program from the Paul Merage School of Business, University of California. He also received a Diploma Superior in International Business from the Madrid Chamber of Commerce.
Fredrik Arp, Chairman of the Board, said:
“Fernando has an excellent track record and a strong marketing, sales and commercial background. Since he joined the Group in 2004, Fernando has shown himself to be an exemplary leader with the right attributes to take on the role of Group CEO. He has generated key acquisitions and management contracts for the Group and led the US business to deliver record revenue and EBITDA in 2015. Fernando is the clear, natural successor to Yann and we congratulate him on his appointment”.
“Yann has made an invaluable contribution to the growth and development of Parques Reunidos during his tenure as CEO. Under his leadership, Parques has cemented its position as one of the leading and fastest-growing leisure companies in the world. He hands the business over to Fernando in excellent shape, with strong prospects for the future. On behalf of the Board, I would like to thank him for his exceptional leadership and commitment and express our appreciation for his continued support in his new role as a senior consultant”.
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Notes to Editors:
The Parques Reunidos Group is one of the leading, fastest-growing leisure park operators in the world. With over 45 years of experience, it owns and operates 55 parks with strong brands across 12 countries, including attraction parks, animal parks, water parks, family entertainment centers and other attractions. For more information about Parques Reunidos, please visit www.parquesreunidos.com
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