Six Flags Announces Corporate Governance Change

(Logo Courtesy of Six Flags Entertainment Corporation)

Six Flags Entertainment Corporation (NYSE: FUN), which owns Carowinds on the border of South and North Carolina, announced that Selim Bassoul, executive chairman, and Daniel J. Hanrahan, lead independent director, will step down from the company’s Board of Directors, effective Dec. 31, 2025.

Following the departure of Bassoul and Hanrahan, the Six Flags Board will comprise 10 directors, and Marilyn Spiegel will assume the role of non-executive chair of the Board, effective Jan. 1, 2026.

“Leading the Six Flags Board of Directors through a period of transformation has been one of the most rewarding experiences of my career,” said Bassoul. “Together, we built a stronger, more innovative company – one that successfully completed the industry’s largest merger, expanded its growth opportunities, and refined the guest experience through technology and creativity.”

Bassoul added, “As I transition from the Board, I do so with great confidence in Marilyn Spiegel as she steps into the role of chair. Marilyn’s experience and deep understanding of hospitality and guest experience make her exceptionally well suited to guide Six Flags into its next phase of growth. I look forward to seeing her leadership and vision propel the company to even greater success.”

Said Hanrahan: “We have built one of the largest and most successful regional amusement park companies in the world, with a collection of unmatched entertainment properties. With a resilient business model and clear vision to optimize performance, I am confident Six Flags is well positioned to execute against its strategic priorities to deliver superior returns for its shareholders and unique experiences for its guests.”

After stepping down from the Board, Bassoul will serve as a consultant to the company to facilitate the ongoing development and completion of Six Flags Qiddiya City in Saudi Arabia, which is expected to open later this year.

Spiegel has served on the Six Flags Board since 2023 and brings more than 30 years of experience in leadership roles in the gaming and hospitality industry, including as president of iconic Las Vegas resorts.

Six Flags Entertainment Corporation is North America’s largest regional amusement-resort operator with 27 amusement parks, 15 water parks and nine resort properties across 17 states in the U.S., Canada and Mexico.