Carnival Corporation Makes Top Leadership Change

MarineLink.com
Wednesday, June 26, 2013
Micky Arison & Arnold W. Donald: Photo courtesy of Carnival

Carnival Corporation plan to split the roles of chairman and chief executive officer.  Micky Arison will continue to serve as Chairman of the Board of the company and Arnold W. Donald, will assume the CEO role effective July 3.

Arison became CEO in 1979.  At that time the company was privately held and operated three cruise ships under one brand, generating $44 million in revenues and carrying approximately 160,000 passengers a year.  By 1987, Carnival Cruise Lines had become the world's largest cruise operator and Arison took the company public. Under Arison's leadership, Carnival Corporation & plc has grown to more than 100 ships, carrying 10 million passengers a year and generating more than $15 billion in annual revenues.

"I have been discussing this with the board for some time now and feel the timing is right to align our company with corporate governance best practices and turn over the reins after 34 years as CEO," said Arison.  "Arnold is an exceptional professional with extensive experience in organizational leadership who will bring a fresh perspective to the company.  I have come to value and rely on his judgment and insight during the 12 years he has served on the company's board and I am very confident in his ability to move the organization forward."

Arison added, "As chairman, I will still be working closely with Arnold to ensure a great future for all our stakeholders."

 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Shell's Arctic Return Faces Hurdle at Seattle Port

Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply for

Matson Q1 Results Show Improved Performance

Matson, Inc. today reported net income of $25 million, or $0.57 per diluted share for the quarter ended March 31, 2015. Net income for the quarter ended March 31, 2014 was $3.

Willard Adds Sales Manager for Gulf Coast, Florida

Willard Marine, Inc. has hired Jimmy Sorenson as regional sales manager for the Gulf Coast and Florida.   Sorenson served 11 years with the U.S. Coast Guard in

Cruise Ship Trends

Port of Seattle’s Cruise Season Underway

The Port of Seattle’s 2015 cruise season began May 1 at Smith Cove Cruise Terminal with the arrival of the Holland America Line Westerdam. The port expects 192 cruise ship calls this season,

Big Waves Pound, Cruise Ship Diverts Course

Carnival Imagination, a cruise ship headed to dock in Long Beach, was diverted to San Diego Sunday due to forecasts of high surf in Long Beach.   Vacation-goers

NZ Ports to Turn Away Cruise Liner

Radio New Zealand says that ports of Auckland is set to turn away one of the world's largest cruise ships after agreeing with its council-owner not to build one of two planned wharf extensions.

News

Ingalls-built National Security Cutter Completes Acceptance Trials

Huntington Ingalls Industries (HII) announced today that the company's fifth U.S. Coast Guard National Security Cutter (NSC), James (WMSL 754), has completed her acceptance trials.

Louisiana International Marine Signs on with Helm CONNECT

Software developer Helm Operations has signed on offshore rig moving and ocean towing services company Louisiana International Marine (LIM) to its Helm CONNECT Preventive Maintenance software.

Shell's Arctic Return Faces Hurdle at Seattle Port

Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply for

People in the News

AAPA Supports 'Move America Act'

'Move America Act of 2015' would help fund landside improvements to U.S. ports -APPA   The American Association of Port Authorities (AAPA)—the unified and recognized

ABS’ Wiernicki Addresses Maine Maritime Academy Graduates

ABS chairman, president and CEO delivers commencement address at Maine Maritime Academy, receives honorary Doctor of Science degree, speaks at dedication ceremony

Odfjell Names Mørch President, CEO

The board of directors of Odfjell SE has appointed Kristian Mørch as the company's new president and CEO. He will succeed current president and CEO Tore Jakobsen by November 1, 2015.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.6102 sec (2 req/sec)