Q Investments Announces its Support of Tom Klein as the Ninth Board Member of Cedar Fair
Jan 06, 2012, 11:00 ET
FORT WORTH, Texas, Jan. 6, 2012 /PRNewswire/ -- Q Funding III, L.P. and Q4 Funding, L.P. (together with Geoffrey Raynor and related entities, "Q Investments"), collectively the largest unitholder of Cedar Fair (NYSE: FUN), announced today that it supports the decision by the Company's Board of Directors to name Tom Klein, President of Sabre Holdings, Inc., to fill the Company's open Board seat.
Q Investments believes that Tom Klein's background in the travel and technology industry and his experience creating value in world-class organizations makes him a valuable addition to the board. Q Investments is encouraged to see the company continue to take decisive steps in what it believes is the right direction to enhance unitholder value and to continue the transition to a new leadership team that can successfully lead the company in the coming years.
Q Investments continues to be optimistic about the possibility for further price appreciation over the next few years as the new management team executes its strategy and places a greater focus on distributions to unitholders.
SOURCE Q Investments
Share this article