Six Flags has appointed gaming and hospitality veteran Marilyn Spiegel to its board of directors. She has more than three decades of experience in the entertainment industry.
Spiegel has served as the president of seven casino and entertainment properties in Las Vegas, and was one of the first female leaders to run a major resort in the city.
“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.
“We are delighted to welcome Marilyn to Six Flags,” said Ben Baldanza, the non-executive chairman of the board.
Marilyn Spiegel joins Six Flags’ 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.”
Six Flags is the world’s largest regional theme park company with 27 parks across the US, Mexico and Canada.
In its financial results for the third quarter of 2022, Six Flags reported a 21 percent decline in revenue driven by lower attendance.
“I am very pleased that Marilyn has decided to join our board,” added Selim Bassoul, Six Flags’ president and CEO.
“Her leadership and operational expertise in hospitality, revenue management and human resources adds important skills to our board as we execute on our strategy.”
In a press release announcing Spiegel’s appointment, Six Flags confirmed that it has been working with Land & Buildings Investment Management in recent months.
In December, the investment management company asked Six Flags to sell the land underneath its amusement parks to help boost the company’s stock price. Land & Buildings owns approximately 3 percent of 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.”
Images: Six Flags
