Leon to Retire as Royal Caribbean Cruises CFO

Royal Caribbean Cruises Ltd. announced that Chief Financial Officer (CFO) Luis Leon will retire from the company, and that Executive Vice President Brian Rice will succeed him as CFO.

Leon has been the company CFO since 2003, when he joined the company. He will assist in the transition, which is expected to be completed before the end of 2006. Incoming CFO, Brian Rice, has an extensive background in financial operations and revenue-performance management. He is widely recognized as a leader in revenue management, having overseen the conceptual development and implementation of the company's highly regarded revenue-management systems and procedures. He also designed many of the company's financial-management models, and led numerous operational and financial initiatives. Rice will be the fourth CFO in Royal Caribbean's 35-year history.