Dreamworld CEO John Osborne has resigned from Ardent Leisure’s Theme Parks & Attractions division after almost three years in the top job.
The company made the announcement in a statement on Wednesday morning, confirming current Chief Operating Officer Greg Yong would be taking over the role.
In the statement, Dreamworld said “Mr Osborne has agreed to consult to Dreamworld on several projects considered to be of strategic importance”.
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Mr Osborne said he made the decision to step down from the role for “personal reasons”.
“After leading the business through a very challenging and transformational phase over the past two and a half years, including the COVID-19 pandemic, I believe it is an optimal time for me to hand the reins over to Greg so I can spend more time with my family,” he said.
“ I look forward to assisting Greg and the Board on current and future projects and wish the broader Dreamworld, WhiteWater World and SkyPoint family, and the many friends I have made, all the very best.”
Ardent Chairman Gary Weiss said Mr Osborne has made a huge impact on the company.
“Since John’s appointment as Chief Executive Officer of our Theme Parks and Attractions division in November 2018, he skillfully and expertly led the business through the significant challenges arising from the COVID-19 pandemic,” Mr Weiss said.
“During his tenure, John has built an outstanding leadership team and positioned the business to restore value for Ardent shareholders over the coming years.”
Mr Weiss said he was “delighted” that Greg had accepted the offer to take over the role of Chief Executive.
“Greg has substantial experience in the theme parks industry in Australia and overseas and has played a critical role, as a key member of the leadership team, in restoring the performance of Dreamworld and SkyPoint.”
Mr Yong has held the role of Chief Operating Officer of Ardent Leisure Theme Parks and Attractions since May 2019.
In a statement, Mr Yong thanked John for his “commitment, guidance and tenacity during what has been a formative period in the Dreamworld recovery”.
“John’s resolve throughout his tenure, particularly in the face of COVID-19, has been an inspiration to all of us,” Mr Yong said.
“On a personal level I’m excited and humbled to take on the role as Chief Executive.
“As a proud Gold Coast local, the opportunity to lead a business that I grew up with means the world to me. I look forward to working with our incredible team to continue this transformation.”