Onespaworld Holdings Limited (NASDAQ: OSW) has made significant changes in its leadership team, as announced in a press release on March 17, 2025. Stephen Lazarus, who previously held the positions of Chief Financial Officer and Chief Operating Officer, has been appointed as the President in addition to retaining his CFO and COO roles. This move comes as Susan Bonner, the Chief Commercial Officer, steps down from her position immediately.
Lazarus, who has been a trusted member of the company's leadership team for over twenty years, will continue to work closely with Executive Chairman and CEO Leonard Fluxman. He will oversee all aspects of the company's maritime and destination resort operations, leading the team with whom he has worked throughout their careers at Onespaworld. Additionally, he will continue to fulfill his duties as CFO until a successor is appointed.
Under Lazarus's leadership, Onespaworld has demonstrated compelling performance, showcasing the strength of its global team, daily innovation, and strong financial position. This has been instrumental in the company's growth, strong financial performance, and dominant competitive positioning, especially in navigating the unprecedented impact of the COVID-19 pandemic.
Leonard Fluxman expressed his excitement about elevating Lazarus to this leadership role, highlighting his instrumental role in the company's performance and his commitment to realizing value for stakeholders. Furthermore, he emphasized the company's momentum and position for continued success.
In response to his appointment, Lazarus expressed his honor and privilege to take on the leadership role, reflecting on the company's strong performance, global team, and innovation-driven growth strategy. He also conveyed gratitude for the confidence placed in him by the leadership team and the board of directors.
As Stephen Lazarus takes on the expanded role of President, Onespaworld looks ahead to capitalize on significant opportunities and build on its remarkable performance.
About Onespaworld: Headquartered in Nassau, Bahamas, Onespaworld is a leading global provider of health and wellness services and products onboard cruise ships and in destination resorts. Its distinguished health and wellness centers offer a comprehensive suite of premium services, treatments, and products, currently serving guests onboard 199 cruise ships and at 50 destination resorts worldwide. The company holds the leading market position within the cruise industry segment, earned over six decades of exceptional service, expansive global recruitment and logistics platforms, and continual service and product innovation. Following these announcements, the company's shares moved 2.5%, and are now trading at a price of $17.39. If you want to know more, read the company's complete 8-K report here.
