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Monday, December 26, 2011

Kinzel reflects on wild ride

Cedar Fair CEO about to exit after 39 years


Dick Kinzel reflects on the changes during his tenure, when Cedar Point grew from a two-park operation with revenues of $100 million into a conglomerate with 11 amusement parks, seven water parks, and five hotels. THE BLADE/AMY E. VOIGT

BY JON CHAVEZBLADE BUSINESS WRITER

From: The Toledo Blade12/25/2011

SANDUSKY -- As he walked the vacant midway of Cedar Point amusement park one day last week, a blustery and cold wind off Lake Erie swirling about him, Dick Kinzel suddenly turned and pointed to a boarded-up fast-food stand.
"See that place?" he said, staring at the two-story "Walking Tacos" stand. "That used to be my first office there up on the second floor. Things sure have changed."
For Cedar Point, its parent firm, Cedar Fair LP, and especially for Mr. Kinzel, things will change again in a very large way on Jan. 3 when the 71-year-old chief executive officer retires after 39 years with the Sandusky-based amusement park company -- 25 years as its top executive.
The former Toledoan, who was a vice president with the company and general manager of its Valleyfair park in Minneapolis from 1978 to to 1986, is among a handful of men to run the amusement park chain since its founding as Cedar Point amusement center in 1906.
But it was under Mr. Kinzel's stewardship, beginning when he became chief executive officer in 1986, that Cedar Point grew from a two-park mom-and-pop operation with revenues of $100 million into the current Cedar Fair LP conglomerate of 11 amusement parks, seven water parks and five hotels, which had revenues of $1.01 billion in 2010.
Last week, Mr. Kinzel, who lives on the Cedar Point island within walking distance of the amusement park, reflected on some of his triumphs and missteps, his best and most disappointing moments, and his impressions on the company and his industry over his almost 40 years at northwest Ohio's premiere entertainment destination.
Mr. Kinzel, who remains a ball of energy, said he'll most miss walking around Cedar Point on a crowded day and interacting with customers.
"It's been a way of life for a lot of years and I'm going to miss it, there's no doubt about it," he said. "I'll miss just coming in and walking the parks and being with the people, walking the park with [park general manager] John Hildebrandt or the general managers, and talking about what can we do to make them better."read more at:http://www.toledoblade.com/local/2011/12/25/Kinzel-reflects-on-wild-ride.html

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