Six Flags has announced Sandy Cochran, Michael Colglazier, Felipe Dutra and Steven Hoffman will stand for election to the company’s board of directors.
The news follows current directors Esi Eggleston Bracey, Michelle McKinney Frymire, D. Scott Olivet and Enrique Ramirez Mena each resigning after successfully seeing the company through the first-year post-merger.
“We thank Esi, Michelle, Scott and Enrique for their immense contributions to our legacy company boards and their valued service on the Six Flags Board during the critical, early stages of the combined company,” said executive chairman Selim Bassoul. If elected, the new nominees would serve as class one directors for a three-year term ending in 2028.
“We’re excited at the prospect of adding Sandy, Michael, Felipe and Steven to the Six Flags Board as we work to build on our considerable momentum,” added Bassoul. “We are confident that our new nominees are uniquely qualified to help us continue advancing our strategy to unlock the full potential of the new Six Flags. We would also like to thank Dendur for its co-operative and constructive engagement throughout this process.”
The Six Flags board worked with Spencer Stuart, a nationally recognised executive firm, during the search process. Six Flags shareholder Dendur Capital identified two of the nominees, Steven and Felipe.
Malcolm Levine, managing partner and chief investment officer of Dendur, said “We have been long-term shareholders of Six Flags and legacy Cedar Fair because we believe in the strong fundamentals and significant potential of the business. We appreciate the board’s commitment to enhancing its composition and willingness to collaborate to identify strong new directors. We are confident that Sandy, Michael, Felipe and Steven bring skills and experience that will help Six Flags drive profitable growth and enhance shareholder value.”
