Mark Shapiro Leaves Six Flags
Not even two weeks since Six Flags came out from under bankruptcy and let Dan Snyder go, Mark Shapiro is now leaving as well. Alexander Weber Jr. has been named president and interim chief executive while SFI searches for a replacement.
Mark Shapiro was appointed CEO by Dan Snyder in December of 2005 and since then has stood by the company and helped guide it through some of its most trying times. His vision to bring more focus on families seemed to be helping but the company's $2.4 billion debt and the recent economic slump overcame the company.
After coming out of bankruptcy, a new board of directors was named. Mark Shapiro was one of the nine people included, though his friend and business partner Dan Snyder was not. But now he has decided to vacate his chair on the board.
There is still some speculation as to the reason for his strangely timed departure but it is believed that the other eight members of the board essentially asked him to leave, as they wanted to take the company in a different direction.
Their chosen interim replacement is Al Webber, who served as the President of Paramount Parks from 2002-2006. During his tenure with Paramount Parks, it was seen that, while still appreciating the sorts of family friendly attractions which Shapiro was so focused on, he also strove to bring in big thrills for the adrenaline rush seekers.
It is rumored that some changes may already be in the works to some of the previously planned 50th anniversary additions. But beyond the rumor mill, much remains to be seen regarding the future of Six Flags Inc. under its new management, and only time will tell if it has been a change for the better.
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