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Six Flags Continues to Restructure

By Andrea Doyle
Photo by Hagerman
June 22, 2010

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Six Flags Entertainment Corp., the theme park operator that emerged from bankruptcy protection last month, reports that three park executives are leaving the company as part of recent layoffs that the company estimates will save it $16 million a year.
Leaving the company are Michael Antinoro, executive vice president of entertainment and marketing, Andrew Schleimer, executive vice president of strategic development and in-park services, and Mark Quenzel, executive vice president of park strategy and management.

The company, which runs 19 theme parks in North America, filed for bankruptcy protection in June 2009, burdened by high levels of debt and declining park attendance. Its restructuring plan reduced its debt and redeemable preferred stock to about $1 billion from about $2.7 billion. This page is protected by Copyright laws. Do Not Copy

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