Michael H. Magusiak will retire as president and chief executive of CEC Entertainment Inc. on June 2, the company said Friday. Irving, Texas-based CEC, parent to the 577-unit Chuck E. Cheese’s chain, said its board has initiated a search for Magusiak’s replacement. The change comes after New York-based private-equity firm Apollo Global Management LLC completed its estimated $1.3 billion acquisition of CEC on Feb. 14. RELATED • Apollo agrees to buy Chuck E. ...

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