Richard Fain will step down as Royal Caribbean Group CEO on 3 January
2022 after 33 years in the role, while remaining chairman of the parent
company of Royal Caribbean International, Celebrity Cruises and
Royal Caribbean Group's current CFO, Jason Liberty, will succeed him as CEO.
Fain, who Royal Caribbean said was the third-longest serving CEO
among current S&P 500 leaders, will continue his involvement in
Royal Caribbean Group's ship construction programme.
As CEO he's overseen the introduction of the world's largest cruise
ships, for Royal Caribbean International, and what will become the
industry's first triple-hybrid powered ship, for Silversea.
became CEO in 1988, when the company was comprised only of one brand,
Royal Caribbean International. He said Tuesday 9 November that with most
of the company's ships back in operation, and a full return to cruising
approaching, the time was right to step down.
"Given the great depth and breadth of our leadership and the positive
outlook for our business, this is the appropriate time to step aside
and have Jason take over," Fain said. "He is a highly versatile and
strategic leader who has been integral to all aspects of the company's
accomplishments and performance."
Fain will also be interviewed onstage at Travel Weekly's CruiseWorld event by editor in chief Arnie Weissmann.
joined Royal Caribbean Group in 2005 and has been CFO since 2013. His
duties include responsibility for Silversea Cruises and the company's
joint ventures with European brands TUI Cruises and Hapag Lloyd Cruises,
as well as the company's strategy, technology, supply chain, port
operations and legal functions.
Naftali Holtz, senior vice president of finance for Royal Caribbean Group, will replace Liberty as CFO when he becomes CEO.
Fain said that Liberty and Holtz had done "an exceptional job
organising over US$12 billion of financing during this challenging
period. They did so in a remarkably careful and methodical manner, which
will serve us well in the years to come."
Source: Travel Weekly