Jim Reid-Anderson Named Chairman, President, and CEO of Six Flags

Today, Six Flags Entertainment Corp announced that Chief Executive John Duffey has “retired from the company” after 17 months in the position.

Six Flags Entertainment Corporation’s board of directors has appointed Jim Reid-Anderson, who has been serving as Executive Chairman of the company since February 2016, as the company’s new Chairman, President, and CEO effective immediately.

“Six Flags is the leading regional theme park company in an extremely attractive industry, and we have significant global growth opportunities in the short, medium and long term,” said Reid-Anderson. ”I am very proud and excited to rejoin the operating team and look forward to executing our business strategy. We have had seven record years in a row and I believe that the best is yet to come. I do want to wish John all the very best for the future and to thank him for his major contributions during his excellent tenure with the company, including his time as president and CEO.”

Reid-Anderson formerly served as CEO of Six Flags Entertainment Corporation from August 2010 through February 2016. Under his leadership the company set a new strategic direction, achieved all-time high guest and employee satisfaction ratings and significant operational improvements, and drove a ten times return on investment for shareholders.

The stock, which was still inactive in premarket trade, has lost 1.5% year to date, while the S&P 500 (spx) has gained 9.8%. As previously announced, the company will release second-quarter 2017 financial results on Wednesday, July 26, 2017.

Stay connected with Coaster Nation!