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Cedar Fair unitholders elect three new members

to the Board of Directors

Update : 19:44 Published by François Mayné the 28 June 2012, Corporate.

Cedar Fair (NYSE: FUN), the largest regional amusement-resort operators in the world, announced that unitholders have elected three new members to the Board of Directors of its general partner, Cedar Fair Management, Inc., for three-year terms expiring in 2015.

The limited partners also confirmed the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm and approved an advisory vote on the compensation of the Company's named executive officers.

The new directors are:

Daniel J. Hanrahan, 54, brings more than 30 years of experience, including a variety of sales and marketing, general manager, president and chief executive officer roles across the consumer packaged goods, retail, travel and hospitality sectors. Currently, he serves as the president and CEO of Celebrity Cruises, a division of Royal Caribbean Cruises.

Lauri M. Shanahan, 49, is a seasoned retail executive with more than 20 years of senior-level experience across global, multi-channel, multi-brand enterprises and other specialty retail, including Gap, Inc. She currently serves on the Board of Directors of Deckers Outdoor Corporation, a footwear, accessories and apparel lifestyle company with a portfolio of premium brands and over $1.3 billion in revenues, and Charlotte Russe Holding, Inc., a growing specialty retailer of fashionable, value-priced apparel and accessories with over 500 stores. In addition, Ms. Shanahan is a principal with Maroon Peak Advisors, which provides a broad range of advisory services in the retail and consumer products sector.

Debra Smithart-Oglesby, 57, is a former certified public accountant with more than 30 years of financial and corporate leadership experience in the food service and retail industries. Since 2006, she has served as the chair of the Board of Directors of Denny's Corporation, a full-service, family-style restaurant chain with approximately 1,680 eateries throughout the United States and nine countries.

"We are pleased to have Dan, Lauri and Debra join our Board of Directors," said Eric L. Affeldt, Cedar Fair's newly appointed Independent Chairman of the Board. "Their industry expertise and leadership experience will benefit our board and we look forward to their participation."

Cedar Fair owns and operates 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. Amusement parks in the Company's northern region include two in Ohio: Cedar Point, consistently voted "Best Amusement Park in the World" in Amusement Today polls, and Kings Island; as well as Canada's Wonderland, near Toronto; Dorney Park, PA; Valleyfair, MN; and Michigan's Adventure, MI. In the southern region are Kings Dominion, VA; Carowinds, NC; and Worlds of Fun, MO. Western parks in California include: Knott's Berry Farm; California's Great America; and Gilroy Gardens, which is managed under contract.

- - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
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Futuroscope
(21 articles found)

Difficult season for Compagnie des Alpes' amusement parks read more

The Compagnie des Alpes leisure parks recorded disappointing financial results during fiscal year 2012/2013 which ended on September 30. The...

CORPORATE | Futuroscope - Published on November 10, 2013

Record anniversary edition for the Euro Attractions Show in Paris read more

Bienvenue à Paris! Enthusiasm was reigning among the aisles of the Porte de Versailles exhibition center in Paris last week, while the Euro ...

FEATURE | Futuroscope - Published on September 29, 2013

Euro Attractions Show 2013 kicks off this week at Paris Expo Porte de Versailles read more

All players of the European attractions industry are now ready to gather together at the tenth edition of the Euro Attractions Show, which is...

EVENT | Futuroscope - Published on September 15, 2013

Compagnie de Alpes' leisure park sales continue to decline in the third quarter read more

Adverse weather conditions at the beginning of the season and the ever difficult economic conditions in Europe have negatively impacted the activities...

CORPORATE | Futuroscope - Published on September 9, 2013

Overview of Euro Attractions Show 2013 conference programme with Jakob Wahl of IAAPA Europe read more

The amusement park industry will gather from September 18 to 20 at the Porte de Versailles exhibition center in Paris for the 2013 edition of...

FEATURE | Futuroscope - Published on August 18, 2013

Leading trade union for French attractions industry SNELAC held its 13th annual meeting with success read more

Friendly. That's the word that sums up the 13th annual meeting of members of SNELAC, the leading trade union for the attractions industry in...

EVENT | Futuroscope - Published on June 18, 2013

Compagnie des Alpes' leisure park activity is down in first half of FY 2012-2013 read more

The French operator Compagnie des Alpes (CDA), which owns a dozen leisure parks and attractions in Europe and North America - including Parc...

CORPORATE | Futuroscope - Published on June 18, 2013

Compagnie des Alpes shows its new strategic ambitions for the leisure park market read more

Compagnie des Alpes (CDA), which operates in Europe a dozen leisure parks and attractions including Parc Asterix, Futuroscope, the Grévin Wax ...