SANDUSKY, Ohio, April 9, 2012 /PRNewswire/ -- Cedar Fair Entertainment Company (NYSE: FUN), today announced that the Board of Directors will nominate three new independent Board members for election at the 2012 Annual Meeting of Unitholders to be held on June 27, 2012. If elected, the three Board nominees would replace C. Thomas Harvie (69), Michael Kwiatkowski (64) and Steven Tishman (55) who will not stand for re-election.
The new nominees, Daniel J. Hanrahan (53), Lauri M. Shanahan (49), and Debra Smithart-Oglesby (56) were selected through a comprehensive, national search process under the direction of Independent Director Eric Affeldt, chairman of the Governance and Nominating Committee. As was announced on February 16, 2012, the Company engaged Spencer Stuart, one of the world's leading executive search firms to identify and help evaluate potential candidates.
"We were extremely pleased with the number of highly qualified candidates who were interested in serving on our Board. From this strong list of candidates we were able to identify three excellent nominees who we believe are highly additive to our independent Board in terms of experience, skill sets and leadership styles," Affeldt said. "We appreciated the time commitment all candidates made to meet in-person with our five-member selection committee. This Board-succession process allowed us to identify highly qualified candidates to help lead Cedar Fair as we pursue our FUNforward growth strategy."
Hanrahan 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 and travel & hospitality sectors. Currently, he serves as the president and CEO of Celebrity Cruises, a division of Royal Caribbean Cruises (NYSE: RCL). He was promoted to president in 2005 and to CEO in 2007 after his highly successful management of the sales and marketing division for Royal Caribbean. Prior to joining Royal Caribbean, Hanrahan served in executive-level positions with Polaroid Corporation and Reebok International Ltd. He also currently serves on the executive committee of the Florida Caribbean Cruise Association (FCCA). In 2004, he was named one of the "Top 25 Extraordinary Minds in Hospitality Sales and Marketing" by Hospitality and Sales Marketing Association International.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV