CruiseArnold Donald will soon step down as Carnival Corp. CEO, marking another high-profile move after Richard Fain's departure from Royal Caribbean.

Carnival Corporation CEO Arnold Donald steps down

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Arnold Donald (left) will be succeeded by Josh Weinstein in Carnival Corp's CEO role.
Arnold Donald (left) will be succeeded by Josh Weinstein in Carnival Corp's CEO role.

A major wave of change is sweeping through the top echelons of the world's leading cruise companies. 

First it was Richard Fain, who departed Royal Caribbean after 33 years at the helm, and now another cruise industry heavyweight, Arnold Donald, will step down as Carnival Corp.'s president and CEO on 1 August after nine years in the top role.

Donald, who became president and CEO to the world's largest cruise company in 2013, was widely credited for turning Carnival Corp around after the 2012 sinking of the Costa Concordia tarnished the company's reputation and leading the company to its record results pre-pandemic. He will stay on as vice chair of the company's board.

He has also guided the company through the unprecedented shutdown of the global cruise industry during the Covid pandemic, as well as its restart in 2021, reported Travel Weekly.

Donald will be succeeded by Josh Weinstein, Carnival's current COO, in the role of president and CEO. 

In a statement, Donald called Weinstein "a proven executive who is well respected throughout the company, serving in key leadership roles, driving strong business results during his tenure and playing an integral part in stewarding the company through the global pandemic."

A 20-year veteran of Carnival Corp., Weinstein has been COO for the past two years and has overseen all major operational functions, including global maritime, ports and destinations, sourcing, IT and auditing. Prior to that, he oversaw Carnival UK, the operating company for P&O Cruises (UK) and Cunard, which he managed for three years as president.

"Josh's thorough understanding of our industry, operations and business strategy puts him in a tremendous position to lead the next phase of our company's journey," Donald said. "With his vision, intensity and core values truly aligned to those of our company, I cannot think of anyone better suited for this role than Josh."

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