Six Flags Appoints New Independent Director to its Board of Directors
January 31 2023 - 6:00AM
Business Wire
Six Flags Entertainment Corporation (NYSE:
SIX), the world’s largest regional theme park company and the
largest operator of waterparks in North America, today announced
that it has appointed Marilyn Spiegel to its Board of Directors,
effective immediately. Marilyn will stand for election along with
the Company’s six other directors at the Company’s 2023 Annual
General Meeting.
“We are delighted to welcome Marilyn to Six Flags,” said Ben
Baldanza, Non-Executive Chairman of the Board. “Her experience
spanning over three decades in the hotel and entertainment
industries will provide the Company with valuable insight and
guidance as we seek to elevate the guest experience and deliver
long-term, profitable growth.”
“I am very pleased that Marilyn has decided to join our Board.
Her leadership and operational expertise in hospitality, revenue
management and human resources adds important skills to our Board
as we execute on our strategy,” added Selim Bassoul, Six Flags
President and Chief Executive Officer.
The Six Flags’ Board of Directors regularly engages with its
shareholders on corporate governance and strategy topics. As the
Company has noted previously, it has engaged with Land &
Buildings Investment Management, LLC several times over the past
few months to understand its views. Today’s announcement follows
constructive dialogue between Land & Buildings and Six
Flags.
“The addition of Marilyn to Six Flags’ Board, with her extensive
track record in the hospitality industry and her experience
overseeing operations with significant real estate portfolios, is a
positive development for Six Flags’ shareholders,” said Land &
Buildings Founder and Chief Investment Officer, Jonathan Litt. “As
we’ve previously stated, we believe the company has a tremendous
value creation opportunity in front of it – including by exploring
ways to potentially monetize its uniquely valuable real estate
portfolio. We look forward to continuing to engage with the Board
and leadership team.”
“Six Flags is an iconic brand, and I believe my skills in
delivering an exceptional guest experience, motivating frontline
team members, and driving margin improvement will help guide the
Company on its exciting transformation,” said Spiegel. “I look
forward to working with the Board and management team to create
long-term value for Six Flags’ shareholders.”
Advisors Goldman Sachs & Co. LLC is serving as financial
advisor and Kirkland & Ellis LLP is serving as legal advisor to
Six Flags.
About Marilyn Spiegel
Marilyn Spiegel is an accomplished gaming and hospitality
executive with over three decades of experience in the
entertainment industry. She has served as the President of seven
distinctive Las Vegas casino and entertainment properties where she
was responsible for day-to-day operations – Wynn Las Vegas and
Encore, Harrah’s Las Vegas, Rio All-Suite Hotel, Bally’s, Paris Las
Vegas, and Planet Hollywood. Mrs. Spiegel was one of the first
female leaders to run a major Las Vegas casino and entertainment
resort. Prior to these roles, Mrs. Spiegel was Senior Vice
President of Human Resources for Harrah’s Entertainment, where she
led the organizational design, recruitment, training, compensation,
and benefit programs.
Mrs. Spiegel currently serves as a Board Member of Invited
Clubs, a member of the Board of Advisors for Nicholas &
Company, Executive Secretary and Board Member of Catholic Charities
of Southern Nevada, and Board Member of the Thomas Spiegel Family
Foundation. Mrs. Spiegel has a bachelor’s degree in marketing and a
master’s degree in education from the University of Utah.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation is the world’s largest
regional theme park company with 27 parks across the United States,
Mexico and Canada. For 61 years, Six Flags has entertained hundreds
of millions of guests with world-class coasters, themed rides,
thrilling waterparks and unique attractions. Six Flags is committed
to creating an inclusive environment that fully embraces the
diversity of our team members and guests. For more information,
visit www.sixflags.com.
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