Jim Reid-Anderson

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Jim Reid-Anderson
Born (1959-04-12) April 12, 1959 (age 60)
NationalityIraqi
Alma materUniversity of Birmingham
Salesian College
OccupationChief executive officer of Six Flags Entertainment Corporation
Net worthUS$4.8 Million (2016)

James "Jim" Reid-Anderson (born 12 April 1959)[1] is a British businessman who is the President, Chairman, and Chief Executive Officer (CEO) of Six Flags Entertainment Corporation. Before working for Six Flags, Jim was previously a healthcare adviser to both Apollo and the managing board of Siemens AG. Under Reid-Anderson, Dade Behring was acquired by Siemens.

He suceeded interim CEO Al Weber, Jr. in August 2010, who led the corporate restructuring of the company following its Chapter 11 bankruptcy and the ousting of former executives Mark Shapiro and Daniel Snyder. He held the position until February 2016, before his former position was reinstated in 2017 following the sudden departure of his successor, John Duffey.

Anderson is responsible for having led Six Flags Theme Parks through an eight-fold increase in market value over a five-year period. Under his first period of leadership, the company set a new strategic direction, achieved all-time high guest and employee satisfaction ratings and significant operational improvements, and drove a ten times return on investment for shareholders.

During his second tenure as Chairman, President, and CEO, Six Flags re-acquired many of its former properties that had been sold off to other companies, including Six Flags Darien Lake, Frontier City, and Six Flags Hurricane Harbor SplashTown, among others.

Personal[edit]

Jim Reid-Anderson was born in Baghdad in 1959[1] but left to Beirut soon after due to the 14 July Revolution. He grew up in Lebanon, Guyana, and later London, where he was educated at Salesian College, Battersea. He obtained an Honors Degree in Commerce from the University of Birmingham in England and is a Fellow of the UK Association of Chartered Certified Accountants. He is married with four children.

Career[edit]

His early career involved stints at Mobil, Tricentrol, Grand Met/Diageo, PepsiCo and Wilson Sporting Goods, living in various parts of the world including Cyprus, Singapore and the US. Reid-Anderson joined Dade Behring Holdings Inc, a company which manufactured testing equipment and supplies for the medical diagnostics industry, in 1996 as executive vice-president and chief financial officer (CFO) and became chief administrative officer and CFO in September 1997. In April 1999, he was promoted to the role of president and chief operating officer and then CEO in September 2000. He was elected as the chairman of the board in October 2002.

In 2005 he was a finalist in the Smart Business Chicago Entrepreneur of the Year awards[2] and was later named in the British Sunday Times as the 22nd most influential Briton in the US[3]

In 2007 Dade Behring was acquired by the German conglomerate Siemens AG.[4] In November 2007 Reid-Anderson became the CEO of Siemens Healthcare Diagnostics and in May 2008 became a member of Siemens AG's managing board and CEO of Siemens Healthcare Sector. In 2009 he became a director of Stericycle Inc, an Illinois-based waste management company.[5]

On 12 August 2010 Reid-Anderson was named chairman, president and chief executive officer (CEO) of Six Flags.[6] The success of Dade Behring led investors to appoint him to this role and their belief in him was rewarded as the company saw six record years in a row from a financial, guest and employee satisfaction perspective. He moved into the role of executive chairman on 19 February 2016 allowing others in the organisation to move up into senior roles, a trait of his leadership style and success. He continues to have a role in key strategic matters at the company, including governance, M&A, international and organizational development.

On 18 July 2017, Six Flags Entertainment Corporation announced that its board of directors had appointed Jim Reid-Anderson, who has been serving as executive chairman of the company since February 2016, to re-assume his position as the company's chairman, president and CEO, effective immediately. Anderson suceeded John M. Duffey who had suddenly retired from the company. Reid-Anderson formerly served as chairman, president and CEO of Six Flags from August 2010 through February 2016.[7]

References[edit]

  1. ^ a b "Siemens profile". Siemens. Retrieved 24 November 2012.
  2. ^ 2005 Entrepreneur of the Year awards: Jim Reid-Anderson: Turnaround machine, AllBusiness.com
  3. ^ Revealed: the 25 Britons who wield the most influence in America, TimesOnline Business
  4. ^ Siemens Sells One Business and Buys Another
  5. ^ Forbes.com
  6. ^ "James Reid-Anderson Named Chairman, President and Chief Executive Officer of Six Flags Entertainment Corporation" (Press release). Six Flags Entertainment Corporation. 13 August 2010. Retrieved 21 February 2012.
  7. ^ https://www.streetinsider.com/Corporate+News/Six+Flags+Entertainment+%28SIX%29+Names+Jim+Reid-Anderson+as+CEO/13106203.html

External links[edit]