LN Names Shapiro To Board

Live Nation elected former Six Flags Presidet/CEO Mark Shapiro to its board of directors Nov. 12, and promptly appointed him to serve on its compensation comittee.

“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.