Jim Reid-Anderson is Six Flags CEO Once Again
Six Flags unexpectedly announced yesterday that former CEO Jim Reid-Anderson would once again serve as the company's chairman, president and CEO effective immediately. He replaces John M. Duffey, who has retired after only 17 months in the position.
Reid-Anderson served as CEO from August 2010 through February 2016. During that time, Six Flags achieved all-time high guest and employee satisfaction ratings along with "significant operational improvements." His leadership also drove a 10-times return on investment for shareholders.
"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.
Reid-Anderson transitioned into the role of executive chairman in February 2016, allowing Duffey to be promoted into the CEO position.
In the February 2016 announcement of Duffey's promotion, Reid-Anderson said: "John Duffey has been instrumental in our past success and is a proven leader within the company, and this is an excellent time to transition responsibilities and develop others on our management team as we continue building the Six Flags brand globally."
No official reason for Duffey's retirement and departure have been released.
In a statement, Reid-Anderson expressed his eagerness to continue the company's strategy:
"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."
Six Flags will release its second-quarter 2017 financial results on Wednesday, July 26, 2017.
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