A Slap At Q, Sorta

[The Interpreter]

Succession Plan, you say? We gots succession plans:

http://www.prnewswir...-106512148.html

..."Attracting, retaining and grooming a deep and talented management team to lead Cedar Fair in its pursuit of long-term growth and value creation has been – and will continue to be – a strategic imperative for the Company," said Kinzel. "Today's action is another step in our ongoing succession planning process. With this new structure, I will now have more time to focus on growing the business and the continued development of our executives. In the meantime, the Board of Directors will continue to work on our upcoming CEO transition through its subcommittee of independent directors that has been assigned to this task, given that my employment agreement expires on January 2, 2012. As is the case with any public company, this is a confidential process that is expected to include both internal and external candidates. Out of fairness to all involved, we will have no further comment until we are ready to announce a new CEO." ...

[PhantomTheater]

As long as they don't come up with a certain GM in Carolina as the ideal candidate.

[The Interpreter]

Who would you be talking about, sonny boy?

[The Interpreter]

...Cedar Fair also announced three new executive vice presidents Tuesday. Those include Peter Crage, formerly corporate vice president and chief financial officer; H. Philip Bender, formerly regional vice president since June 2006 and, prior to that, vice president and general manager of Worlds of Fun in Kansas City, Mo.; and Richard A. Zimmerman, who had been regional vice president since June 2007.

Those employees will handle more of Kinzel's day-to-day duties, which Kinzel said will provide him more time to focus on growing the business and developing the company's executives.

David R. Hoffman, formerly vice president of corporate tax, is now vice president of corporate finance and tax.

Cedar Fair's biggest investor, Dallas area investment banker Geoffrey Raynor, has filed a request with the U.S. Securities and Exchange Commission, asking for a special meeting of investors to consider two proposals: Bring in a new chairman of the board and have Kinzel relinquish that post to concentrate on his CEO duties; and, secondly, make an increase in cash distributions a bigger priority than paying off the company's debt.

Raynor's company, Q Funding III, is still awaiting SEC approval of a proxy statement that would allow Raynor to begin his campaign for the changes, a spokesman said Tuesday.

http://www.sanduskyr...fair110210tjxml

I wonder if Ms. Frole drew them a picture...Also, I thought Mr. Kinzel was more of an operations guy, not a finance guy. He's going to focus on growing the business and developing the company's executives? Like he did with Mr. Falfas?

Terpy, who likes asking uncomfortable questions, and who has been told he is very good at it.

[CoastersRZ]

It should be noted that Zimmerman is one of the few remaining Paramount Parks people to still be employed at Cedar Fair.

[The Interpreter]

Yes, he was at one time GM at KD...and prior to that was at KI...