Six Flags CEO Mark Shapiro said that the company's problem was the declining attendance and cash flow created by his new management initiatives. Mark Shapiro (born c. 1970) is an American businessman who was the former Director, President and CEO of Six Flags Inc. from 2005 to 2010. Mark Shapiro has served as Chairman of the Board for Captivate since September 2013.Necessary cookies are absolutely essential for the website to function properly. In April, Six Flags emerges from bankruptcy. Currently a Partner and CEO of Dick Clark Productions as well as a network media consultant for the National Football League, Shapiro served as Director, President and Chief Executive Officer of Six Flags Entertainment Corporation, the world's largest regional theme park company from 2006 - May, 2010. “The current management team inherited a $2.4 billion debt load that cannot be sustained, particularly in these challenging financial markets,” Mark Shapiro, Six Flags’s chief executive, said in a statement. We also use third-party cookies that help us analyze and understand how you use this website. Tom Cruise finds new backers. From 2006 to 2010, Mr. Shapiro served as Director, President, and Chief Executive Officer of Six Flags Entertainment Corporation where he energized and re-invented the Six Flags brand as the world’s largest regional theme park company. He shifted the company’s strategy toward attractive more families to its amusement parks. Watch Queue Queue From October 2005 to December 2005, Mark Shapiro was the chief executive officer of Red Zone LLC as the company pushed for its leadership of Six Flags Inc. in a bitter proxy battle. Six Flags CEO Mark Shapiro said that the company's problem was the declining attendance and cash flow created by his new management initiatives. If not resolved, the company warned in its 2008 annual report that the situation might require a Chapter 11 bankruptcy filing, with Six Flags already retaining counsel should that occur. A former ESPN executive, Shapiro took the top job at Six Flags in 2006. But opting out of some of these cookies may have an effect on your browsing experience.Mr.
Cliff Lee, the Cleveland Indians left-handed pitcher, agreed Tuesday to a three-year contract extension. Before joining Six Flags, Mr. Shapiro spent 12 years at ESPN, where he oversaw both production and programming as an influential leader in the sports television industry.
The company emerged from bankruptcy on May 3, just before the start of the lucrative summer season. Dynamic and forward thinking best describe Mark Shapiro and his leadership style in television, sports and entertainment. In August 2005, Shapiro became the President and CEO of Six Flags, also serving on the company's Board of Directors. These cookies do not store any personal information.This website uses cookies to improve your experience while you navigate through the website. Shapiro’s surprising exit comes a little more than a week after the company exited bankruptcy protection and wound up in the hands of its junior bondholders. Today Six Flags announced that CEO Mark Shapiro is no longer with the company. :bong: * Former advisor to junior bondholders now interim CEO * Shapiro no longer with the company, Six Flags says (Rewrites first paragraph to include description of interim CEO; adds analyst comment, detail on MidOcean interest) NEW YORK, May 12 (Reuters) - Six Flags, which emerged from bankruptcy protection this month, abruptly replaced its chief executive on Wednesday, turning to a 40-year industry veteran who has served as an advisor to the company’s current owners.
While at ESPN, he acquired new properties for the company as well as the rights to Monday Night Football, Wimbledon, and the NBA. So... it looks like Six Flags is making a big management change, after all. New York-based Six Flags, which operates 19 parks, named Alexander Weber as its interim president and CEO. If not resolved, the company warned in its 2008 annual report that the situation might require a Chapter 11 bankruptcy filing, with Six Flags already retaining counsel should that occur. No reason for the change was given. Watch Queue Queue. Al Weber, the former CEO of Paramount Parks, has been named the interim President and CEO of Six Flags. Six Flags did not offer a reason for Shapiro’s departure. In June, the company is relisted on the New York Stock Exchange. According to SixFlags.com: Al Weber to Serve as President and Interim CEO of Six Flags. Dynamic and forward thinking best describe Mark Shapiro and his leadership style in television, sports and entertainment. After college, Shapiro began to work at ESPN and ABC Sports.
NEW YORK – May 12, 2010 – Six Flags Entertainment Corporation (“Six Flags”) today announced that Alexander “Al” Weber, Jr., former President and CEO of Paramount Parks, Inc., has been named President and Interim … Currently a Partner and CEO of Dick Clark Productions as well as a network media consultant for the National Football League, Shapiro served as Director, President and Chief Executive Officer of Six Flags Entertainment Corporation, the world's largest regional … The company will retain an executive search firm to find a permanent replacement, considering candidates from both inside and outside the … A former ESPN executive, Shapiro took the top job at Six Flags in 2006. Shapiro left his position of executive vice president of programming and production at ESPN in May 2005. He is also the co-owner of Los Angeles Football Club, a franchise of Major League Soccer. For more information please see our Privacy Policy.