Friday, December 9, 2022

Cedar Fair appoints two new board members as two former members exit

Cedar Fair, L.P., announced the appointment of two new members to its Board of Directors, as well as the resignation of two current directors, all changes effective October 3, 2022.

The new directors include Michelle McKinney Frymire, former chief executive officer of CWT (formerly Carlson Wagonlit Travel), and Jennifer Mason, global officer, treasurer, and risk management for Marriott International. The outgoing directors are Debra Smithart-Oglesby, president of O&S Partners, and Lauri M. Shanahan, former chief administrative officer of Gap, Inc., both of whom have served on Cedar Fair’s Board since 2012.

“Debra Smithart-Oglesby and Lauri Shanahan have been exemplary directors and on behalf of the Board, management and our unitholders, I want to thank them for their leadership and support over the last decade,” said Daniel J. Hanrahan, Cedar Fair’s chairman of the board. “Their insight and guidance over the years has been invaluable, especially through the COVID-19 pandemic, when their steady-handed counsel proved to be enormously beneficial to this organization. I wish Debra and Lauri all the best in their future endeavors.

“Separately, I am delighted to welcome Michelle McKinney Frymire and Jennifer Mason to the Company’s board,” continued Hanrahan. “Combined, Michelle and Jennifer bring to Cedar Fair more than 40 years of executive leadership and senior management experience in the travel, leisure, and hospitality industries. Their broad-based experience in leading global organizations of scale, including their knowledge and experience in the areas of strategic planning, finance, marketing, and risk-management, will be a welcome addition to Cedar Fair. I’m confident each will bring a fresh perspective to the Board that will only strengthen our ability to support the Company’s management team in driving future growth and creating value for our unitholders.”

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