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Current chair Rich Roedel will not be standing for re-election at the next shareholders meeting.
Tom Anstey | Planet Attractions | 08 Dec 2020
Bassoul joined the Six Flags board in February Credit: Kellogg
Selim Bassoul is the man Six Flags has chosen to lead its board of directors, with the new chairman set to take over from the outgoing next year.
Six Flags had already announced that Rich Roedel will not stand for re-election to the board at the upcoming Annual Shareholders meeting in May 2021 ending an 11-year stint with the company.
“Rich has brought tremendous wisdom and judgment to our board during a time of transformation and growth,” said Mike Spanos, President and CEO, Six Flags.
“He’s led the board with integrity and always with the best interests of our shareholders, guests, and team members in mind.”
Bassoul is the former president and CEO of Middleby - a leading manufacturer of food service and processing equipment.
Under his leadership, revenues at Middleby increased from US$100m €82.5m, £75m) in 2001, to US$2.7bn (€2.2bn, £2bn) in 2019, representing annual income of US$535m (€441.2bn, £401m).
“On behalf of all directors, I would like to express our deepest respect and gratitude to Rich for his unwavering commitment and service to Six Flags,” said Bassoul. “Over the past challenging year serving together on the board, I have found his support and advice invaluable. He leaves a tremendous legacy for us all to follow.”
Commenting on Bassoul’s appointment, Spanos added: “Selim has provided sound advice since joining the board, and I’m excited to partner with him given his wealth of knowledge and experience, and previous track record of outstanding results, as a public company CEO and chairman.”
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