Six Flags Appoints Sandeep Reddy Chief Financial Officer
June 24 2020 - 4:01PM
Business Wire
Six Flags Entertainment Corporation (NYSE: SIX), the world’s
largest regional theme park company and the largest operator of
waterparks in North America, today announced that it has appointed
Sandeep Reddy as Executive Vice President and Chief Financial
Officer effective July 1, 2020. In his new role, Mr. Reddy will
lead all aspects of the company’s financial strategy and
operations, including budgeting and planning, treasury, accounting,
tax, financial reporting and investor relations. Leonard Russ, who
has filled the CFO position on an interim basis since February
2020, will transition to an operational role and continue to report
to Mike Spanos, President and CEO.
“I would like to thank Lenny for his outstanding leadership,
commitment and business partnership over the last four months,”
said Spanos. “He played a vital role during a very challenging
time, making a major impact on the Six Flags team, and will
continue to build upon his more than 30 years of service to the
company.”
Mr. Reddy, 49, brings 25 years of finance and strategy
experience in primarily consumer-facing businesses. Most recently,
he was the Chief Financial Officer of Guess Inc., a publicly
traded, $2.7 billion revenue, global, multi-channel, lifestyle
brand company in the fashion industry. During the most recent three
years of his tenure at Guess, Mr. Reddy, along with the management
team, led a turnaround of financial results with strong improvement
in revenue, profitability, and shareholder value. Prior to Guess
Inc., he served in finance leadership roles of increasing
responsibility at Mattel Inc. Mr. Reddy has a BA (Honors) in
Economics from Delhi University and an M.B.A. from Cornell
University.
“Sandeep is a seasoned CFO with a strategic outlook and
exceptional analytical, process improvement and change management
skills,” said Spanos. “I am thrilled to welcome Sandeep to Six
Flags, where he will undoubtedly make an immediate impact as we
work to emerge stronger from the COVID-19 crisis and continue our
ongoing transformation program.”
“I am very excited to join the Six Flags team,” said Reddy. “I
have long admired the brand and the incredible consumer experiences
it delivers. It will be a privilege to partner with Mike and the
rest of the team as we embark on the next phase of profitable
growth for the company.”
About Six Flags Entertainment
Corporation
Six Flags Entertainment Corporation is the world’s largest
regional theme park company and the largest operator of waterparks
in North America, with 26 parks across the United States, Mexico
and Canada. For 58 years, Six Flags has entertained millions of
families with world-class coasters, themed rides, thrilling
waterparks and unique attractions. For more information, visit
www.sixflags.com.
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Stephen Purtell Senior Vice President Investor Relations and
Treasurer +1-972-595-5180 investors@sftp.com
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