Wednesday, May 12, 2010

Mark Shapiro No Longer With Six Flags

Today Six Flags announced that CEO Mark Shapiro is no longer with the company. No reason for the change was given.

Al Weber, the former CEO of Paramount Parks, has been named the interim President and CEO of Six Flags. The company will retain an executive search firm to find a permanent replacement, considering candidates from both inside and outside the company.

Well, this is a sure sign that something sure is up inside the Six Flags organization. The company just left bankruptcy with Mr. Shapiro as their leader - and it looked like the current management team would remain in place. Hopefully more on this story breaks soon.


Sabrina said...

Uh...Permission to PANIC??? Just kidding. Sort of... Nothing against Al Weber, but Six Flags finally had a good thing going. I sure hope this isn't the beginning of some ill-begotten management shake-up. Of course, we can't rule out the possibility that Mark just decided to leave the company for personal reasons. Sigh. Disturbing news either way.

NewsPlusNotes said...

There *has* to be more to this story with it being so sudden! I'd hate to think he quit at this time of year... plus on all those phone calls he sounded so excited for the coming years when they were out of Chapter 11.

If he was forced to leave that begs the question - WHY. Hopefully more bubbles to the surface soon.