#Mexico #Cancun #Chapter 11 #Leadership Changes #Dolphin Company

The Dolphin Company's New Leadership to Navigate Chapter 11 Restructuring

The Dolphin Company, renowned as the leading operator of aquatic theme parks in Latin America and a significant player in dolphin experiences worldwide, is undergoing significant management transformations as part of its Chapter 11 restructuring process. This development has been officially recognized by the U.S. Bankruptcy Court for the District of Delaware, which has acknowledged the leadership changes effective March 2025. These appointments are aimed at steering the Company towards stability while maximizing recovery for stakeholders.

New Appointments

As part of the restructuring, Steven Strom, affiliated with Odinbrook Global Advisors, has taken on the role of Independent Director since March 18, 2025. His extensive experience spans over three decades, focusing on advising organizations in distress, encompassing creditor negotiations, asset sales, and financing strategies. Complementing him, Robert Wagstaff from Riveron Management Services was appointed Chief Restructuring Officer on March 28, 2025. His 35 years of experience in overseeing Chapter 11 cases and large-scale restructuring operations both in Latin America and globally will be instrumental during this critical phase.

These changes mark a turning point for The Dolphin Company, emphasizing the need to maintain operational integrity while aligning financial strategies with animal welfare priorities. The joint oversight by Strom and Wagstaff showcases the Company’s proactive approach towards leading through these challenging times.

Restoration Goals

In navigating through this period, The Dolphin Company is committed to ensuring the safety and health of both its marine inhabitants and guests while pursuing a stable operational environment. The leadership emphasizes directing the restructuring process not just as a financial necessity but also as a responsibility towards ecological integrity and animal care. With Mr. Strom and Mr. Wagstaff at the helm, the focus will also include securing viable pathways to enhance the welfare of marine life and deliver valuable experiences to visitors.

Stakeholder Communications

The company has made provisions for transparency in its proceedings, encouraging stakeholders and interested parties to stay informed about ongoing developments. Detailed information, including court documents and claims specifics, can be accessed through their official communication channels. For inquiries, parties can reach out via phone or visit the dedicated website, which hosts updates related to the restructuring progress.

About The Dolphin Company

The Dolphin Company operates an impressive portfolio, managing 30 marine parks across eight nations. They aim to create engaging and interactive experiences that also highlight conservation efforts and environmental education. With a commitment to high standards in animal welfare, the company intends to emerge from this restructuring phase stronger and better equipped to serve both its aquatic residents and its patrons.

Conclusion

As the restructuring journey evolves, The Dolphin Company is set to navigate through these changes with a robust leadership structure, dedicated to enhancing operational functionality while adhering to its core values of animal welfare and safety. With the strategic appointments made, there is a collective optimism about the future, aiming to stabilize its standing in the global market and foster positive relationships with all stakeholders involved.