• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

Cruise operator Royal Caribbean’s long-time CEO Richard Fain to step down

by
November 9, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

What Wall Street is expecting from Shell, TotalEnergies and BP earnings

This electric vehicle ETF soared 20% in January. Analysts give 2 of its stocks another 100% upside

South Korea posts the worst trade deficit in its history

Wednesday: FOMC Statement, Job Openings, ADP Employment, Construction Spending, ISM Mfg

Richard Fain Royal Caribbean Cruises | Chairman & CEO

Adam Jeffery | CNBC

Royal Caribbean‘s Chief Executive Officer, Richard Fain, is stepping down after more than three decades with the U.S. cruise operator that is still recovering from the slump caused by the coronavirus crisis.

Finance chief Jason Liberty will takeover as CEO, Royal Caribbean said on Tuesday, and will be tasked with taking the company back to pre-pandemic levels as sailing operations slowly restart more than a year after operations were suspended.

Fain was one of the key leaders to push for a safe restart of sailings during the pandemic that wiped off half of Royal Caribbean’s market valuation in 2020.

The company teamed up with rival Norwegian Cruise Line Holdings to form a task force to help develop safety standards for restarting the industry.

Royal Caribbean became the first major cruise operator to resume operations from U.S. ports in June, and booking trends for 2022 are reaching historical ranges due to pent-up demand from travelers, the company has said.

Fain, who will step down in January 2022, said “it was the right time to step down” with most of the company’s ships operating and the group nearing a full return to cruising.

During his tenure, Fain spearheaded the company’s expansion into a group with nearly 60 ships, spanning several cruise line brands including Royal Caribbean International and Celebrity Cruises.

Fain would remain chairman of the board and will work with Liberty, who joined Royal Caribbean in 2005 and took up the role of chief financial officer in 2013.

Royal Caribbean also said its senior vice-president Naftali Holtz will assume the CFO’s role.

Next Post

NY Fed Q3 Report: Total Household Debt Climbs to Over $15 trillion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

What Wall Street is expecting from Shell, TotalEnergies and BP earnings

by
February 1, 2023
0

European energy giants are expected to post record annual profits this earnings season, despite multi-billion-dollar windfall taxes . On Thursday,...

Read more

What Wall Street is expecting from Shell, TotalEnergies and BP earnings

This electric vehicle ETF soared 20% in January. Analysts give 2 of its stocks another 100% upside

South Korea posts the worst trade deficit in its history

Wednesday: FOMC Statement, Job Openings, ADP Employment, Construction Spending, ISM Mfg

Google asking employees to test potential ChatGPT competitors, including chatbot ‘Apprentice Bard’

Why AMD is faring much better than Intel in the same tough economy

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.