Six Flags Entertainment Corporation (NYSE: FUN) has announced significant corporate governance changes, including the departure of Selim Bassoul, Executive Chairman, and Daniel J. Hanrahan, Lead Independent Director, from the company's board of directors. Following their departure, the board will consist of 10 directors, with Marilyn Spiegel elected as the non-executive chair of the board, effective January 1, 2026.
Bassoul expressed confidence in Spiegel's leadership, emphasizing her experience and deep understanding of hospitality and guest experience. Hanrahan also reflected on his privilege to serve on the boards of Cedar Fair and Six Flags for the past 12 years, expressing confidence in Six Flags' strategic priorities.
After stepping down from the board, Bassoul will continue to support the company as a consultant, specifically facilitating the ongoing development and completion of Six Flags Qiddiya City in Saudi Arabia, which is expected to open later this year.
Marilyn Spiegel, who has served on the Six Flags board since 2023, brings more than 30 years of leadership experience in the gaming and hospitality industry, including serving as President of iconic Las Vegas resorts and Harrah's Entertainment hotel and casino properties.
Six Flags Entertainment Corporation, North America’s largest regional amusement-resort operator, operates 27 amusement parks, 15 water parks, and nine resort properties across 17 states in the U.S., Canada, and Mexico, with a focus on providing fun, immersive, and memorable experiences to millions of guests every year.
These changes mark a significant shift in the leadership of Six Flags Entertainment Corporation and are expected to guide the company into its next phase of growth and success.
The company's stock is listed on the NYSE under the symbol "FUN." Today the company's shares have moved -5.06% to a price of $20.06. Check out the company's full 8-K submission here.
