John M. Duffey, who has been president and CEO of Six Flags Entertainment Corp. announced his retirement on Monday after about 18 months on the job.
Jim Reid-Anderson, who has been serving as executive chairman of the company since February 2016 and who formerly served as president and CEO from August 2010 through February 2016, was named the new chairman, president and CEO effective immediately.
No reason was given for Duffey’s retirement. The company noted that
Reid-Anderson formerly served as Chairman, President and CEO of Six Flags 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.
Reid-Anderson has previously served as Chairman, President and Chief Executive Officer of Dade Behring Inc.
“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.”
The Grand Prairie-based company will release second-quarter 2017 financial results on Wednesday, July 26, 2017.
This story was corrected 7/20/2017