Cedar Fair Hires Monica Sauls as Senior Vice President and Chief Human Resources Officer

Rhea-AI Summary

Cedar Fair Entertainment Company (NYSE: FUN) has appointed Monica Sauls as the new Senior Vice President and Chief Human Resources Officer. Based in Charlotte, North Carolina, she will report to Richard A. Zimmerman, the company's President and CEO. Sauls brings over 20 years of experience from roles at companies like Bojangles and Boeing, where she significantly improved employee engagement and organizational culture. Zimmerman expressed confidence in Sauls' ability to drive innovation and revenue growth as Cedar Fair continues to execute its long-range strategic plan.

Positive

• Monica Sauls brings over 20 years of HR experience, potentially enhancing Cedar Fair's HR strategies.
• Her role may lead to improved employee engagement and organizational culture, positively impacting performance.

Negative

• Concerns about continuity and experience gaps due to management change.

SANDUSKY, Ohio--(BUSINESS WIRE)-- Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced that Monica Sauls has joined the company as senior vice president and chief human resources officer. She is based at the company’s office in Charlotte, North Carolina, and reports to President and Chief Executive Officer Richard A. Zimmerman.

“Monica is a dynamic leader with more than two decades of experience in aligning business and human resources strategy to drive innovation, employee engagement, and revenue growth for leading consumer brands,” said Zimmerman. “Her vision, counsel and insights will provide tremendous value as we continue to execute on our long-range strategic plan.”

Sauls brings more than 20 years of experience leading HR functions and culture transformations within large, complex global organizations. Most recently, she was senior vice president and chief people officer of chicken restaurant chain Bojangles, where she led a team that modernized people practices that accelerated restaurant staffing during the national labor crisis; revamped the employee value proposition with groundbreaking benefits; initiated talent strategies the elevated workforce engagement; and delivered a game-changing cultural transformation model resulting in increased transactions and sales at participating restaurants. Prior to that, Sauls was senior human resources strategic business solutions leader for Duke Energy from 2018 to 2020. From 2014 to 2018, she served as senior executive and leadership development director for global aerospace leader Boeing. She also has served in key HR and talent management leadership roles for Walgreens and Ingersoll Rand.

Sauls holds a master’s degree in human resources and industrial relations from University of Minnesota Twin Cities and a bachelor’s degree in psychology from Southern Illinois University Edwardsville.

“I’m delighted to join the Cedar Fair family and I look forward to partnering with Richard and his leadership team to deliver on the company’s strategic priorities,” Sauls said. “There is so much exciting work taking place across the organization, and I have been impressed by the team’s commitment to creating a culture in which associates are engaged, inspired and recognized for their contributions to the company’s success.”

A downloadable image of Monica Sauls can be found on the Cedar Fair investor website at https://ir.cedarfair.com/news/media-room/default.aspx#photos.

About Cedar Fair

Cedar Fair Entertainment Company (NYSE: FUN), one of the largest regional amusement-resort operators in the world, is a publicly traded partnership headquartered in Sandusky, Ohio. Focused on its mission to make people happy by providing fun, immersive, and memorable experiences, the Company owns and operates 13 properties, consisting of 11 amusement parks, four separately gated outdoor water parks, and resort accommodations totaling more than 2,300 rooms and more than 600 luxury RV sites. Cedar Fair’s parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, Texas and Toronto, Ontario.

Forward-Looking Statements

Some of the statements contained in this news release that are not historical in nature constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements as to the Company's expectations, beliefs, goals, and strategies regarding the future. These forward-looking statements may involve risks and uncertainties that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct or that the Company's growth strategies will achieve the target results. Important factors, including general economic conditions, the impacts of the COVID-19 pandemic, adverse weather conditions, competition for consumer leisure time and spending, unanticipated construction delays, changes in the Company’s capital investment plans and projects and other factors discussed from time to time by the Company in its reports filed with the Securities and Exchange Commission (the “SEC”) could affect attendance at the Company’s parks and the Company's growth strategies, and cause actual results to differ materially from the Company's expectations or otherwise to fluctuate or decrease. Additional information on risk factors that may affect the business and financial results of the Company can be found in the Company's Annual Report on Form 10-K and in the filings of the Company made from time to time with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether a result of new information, future events, information, circumstances or otherwise that arise after the publication of this document.

This news release and prior releases are available under the News tab at http://ir.cedarfair.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230320005153/en/

Investor Contact: Michael Russell, 419.627.2233

Media Contact: Gary Rhodes, 704.249.6119

https://ir.cedarfair.com

Source: Cedar Fair Entertainment Company

FAQ

Who is the new Chief Human Resources Officer at Cedar Fair Entertainment Company?

Monica Sauls has been appointed as the new Chief Human Resources Officer.

What experience does Monica Sauls bring to Cedar Fair?

Monica Sauls has over 20 years of experience in HR leadership roles at companies like Bojangles and Boeing.

When did Monica Sauls join Cedar Fair?

Monica Sauls' appointment was announced in the press release dated March 20, 2023.

How might Monica Sauls' appointment affect Cedar Fair's business?

Her experience in modernizing HR practices could enhance employee engagement and drive revenue growth for Cedar Fair.