“Mark’s position at Six Flags gives him an unparalleled level of experience in consumer entertainment, brand building, sponsorship and marketing,” LN President/CEO Michael Rapino said. “He will be an important resource to us at Live Nation as we continue to shift into our role as a business-to-consumer operation.”

Shapiro will, according to a Securities and Exchange Commission filing, receive cash and stock options. Live Nation shares closed at $4.86 Nov. 17.