Six Flags Appoints New Chairman Amid Shareholder Pressure
Cleveland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Six Flags appoints new executive chairman, Richard Haddrill, amid pressure from activist investor Jana Partners to improve finances and consider a sale. Haddrill replaces Marilyn Spiegel, who moves to lead independent director. The amusement park operator, facing declining attendance, increased debt, and a dropping stock price, plans to sell seven parks to reduce debt and added seven new board members. The company aims to turn around its fortunes and address shareholder demands, keeping potential buyers in mind.
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