Six Flags Taps JELD-WEN's Chief Lawyer to Succeed Retiring General Counsel
As the amusement park operator's new general counsel, Laura Doerre will receive a base annual salary of $540,000, a $75,000 signing bonus and the opportunity for a yearly bonus of $405,000, according to her employment agreement.
February 25, 2020 at 03:57 PM
4 minute read
Six Flags Entertainment Corp. has named a new top lawyer as the amusement park operator's longtime general counsel steps off the roller-coaster ride of leading a legal department and heads into retirement.
Laura Doerre will take over for Lance Balk on March 9, according to a SEC filing on Tuesday. Doerre, who currently serves as the chief lawyer for door and window maker JELD-WEN Inc., assumes control of Six Flags' legal department as the Texas-based company grapples with a downturn in business.
Six Flags reported on Feb. 20 that its revenue for the fourth quarter of 2019 was $261 million, a decrease of $9 million, or 3%, when compared to the same quarter in 2018. The company, which has 26 parks across the U.S, Mexico and Canada, cited a 3% drop in attendance and a 1% decrease in sponsorship, international agreements and accommodations revenue as the primary reasons for the loss.
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