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Oct. 24, 2019, 5:31 p.m. EDT

PepsiCo executive named Six Flags CEO

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By Claudia Assis

Six Flags Entertainment Corp. /zigman2/quotes/208050417/composite SIX -4.89% said late Thursday it has appointed Mike Spanos as its president and chief executive officer, effective Nov. 18. Spanos will also be a member of the board of directors, effective immediately. Spanos most recently served as chief executive officer of PepsiCo Inc's /zigman2/quotes/208744353/composite PEP +1.16% Asia, Middle East and North Africa unit and had been with PepsiCo since 1993. Jim Reid-Anderson, chairman, president and CEO, will resign as a director and an officer of the company on Nov. 18, and on that date Richard Roedel, who has been a board member since 2010, will be appointed non-executive chairman of the board. Shares of Six Flags fell 0.2% in the extended session Thursday, after ending the regular trading day down 1.6%. The company earlier this week reported third-quarter earnings and sales that missed Wall Street expectations.

/zigman2/quotes/208050417/composite
US : U.S.: NYSE
$ 33.42
-1.72 -4.89%
Volume: 1.73M
Jan. 26, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.99 billion
Rev. per Employee
$607,177
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/zigman2/quotes/208744353/composite
US : U.S.: Nasdaq
$ 141.80
+1.62 +1.16%
Volume: 4.24M
Jan. 26, 2021 4:00p
P/E Ratio
28.09
Dividend Yield
2.88%
Market Cap
$193.72 billion
Rev. per Employee
$242,172
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