Richard Zimmerman on leadership transition
From Six Flags Entertainment Corporation FUN Q3 2025 Earnings Call · · Fyfull
“As we conclude today's call and I prepare to transition out of the CEO role, I want to speak directly to the realities of our performance and to the opportunities that lie ahead for this company. While we have not yet achieved all we set out to deliver following the merger, the underlying thesis has not changed — we've built a stronger foundation, modernized core capabilities, and positioned Six Flags to operate with greater discipline, better intelligence, and a clearer sense of where value will be created.”
On , Richard Zimmerman, President, Chief Executive Officer & Director at SIX FLAGS ENTERTAINMENT CORP, spoke about leadership transition during Six Flags Entertainment Corporation FUN Q3 2025 Earnings Call on Fyfull.
About Richard Zimmerman
Richard Zimmerman, President and CEO of Six Flags Entertainment Corporation, acknowledged that the company’s 2025 performance fell short of expectations, citing softer-than-expected demand in September that offset attendance growth in the third quarter. He stated that the company is evaluating opportunities to monetize non-core assets to accelerate deleveraging and that it expects to reduce leverage to below four times by the end of 2026. Zimmerman also noted that a significant restructuring completed in the second quarter flattened leadership layers and is expected to permanently reduce full-time labor costs by more than $20 million annually. Zimmerman announced he will step down as president and CEO by the end of 2025, remaining in the role until a successor is appointed. He discussed ongoing constructive engagement with a group led by Jana Partners that includes Travis Kelce, describing the interest as “enormous” and stating the company intends to work closely with Kelce’s team to optimize the opportunity. Zimmerman emphasized that the combined company is “stronger and more strategically positioned” than either legacy company and reiterated a target of reaching 58 million in attendance and $3.8 billion in revenue by 2028, with a goal of $1.5 billion in adjusted EBITDA and a 40% margin.