Dolphin Cove identifies CEO successors
Dophin Cove has completed a succession plan that will see one of six persons identified as eligible to take over the operations within the next four to five years.
Two of them are members of the Burrowes’ family, which started the tourist attraction.
“It was decided by an independent succession planner that family members were capable of taking over my role,” said Stafford Burrowes, the executive chairman of Dolphin Cove. “The committee decided that we did not need to look outside the company for a successor. It’s necessary to identify a successor for proper planning because anything could happen.”
The company has seen significant growth over the last five years, increasing its revenue and net profit respectively from $680 million and $7.5 million in 2007 to $1.29 billion and $157 million.
It now has four ‘swim with the dolphins’ parks, and is pursuing expansion of its operations into the Turks and Caicos Islands and St Lucia, having already purchased land in the former.