In an unexpected announcement last week, Carnival Corporation has replaced Micky Arison as CEO with Arnold W. Donald, a fellow Carnival Corporation board member. Micky Arison, while no longer CEO, will stay on at Carnival Corporation as Chairman of the Board. The new change in leadership will become effective on Wednesday, July 3rd.
Carnival Corporation has stated that Arison will continue to provide "board level oversight for the company." As CEO, Donald will lead the executive team, initially focusing on achieving the company’s long-term strategic goals while working directly with the operating brand executives. The change in leadership at Carnival has received unanimous approval from the company’s nominating and governance committee as well as the full board of directors.
“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 am honored and privileged to have this opportunity to lead the next stage of growth for Carnival Corporation & plc,” said Donald. “As a board member, I have come to know Micky and the company well. I have a first-hand appreciation of what it has taken to develop this highly successful business, an understanding for the dynamics and challenges we face, and a great deal of confidence in the company’s management team and their ability to execute. I have enormous respect for Micky as a visionary in our industry, and as the builder and leader of Carnival. I have come to know many of the talented professionals who work within Carnival during my time on the board and I look forward to working with the company’s many stakeholders including our 90,000 employees, 10 million guests, thousands of travel agent partners, vendors and shareholders around the globe.”
Carnival Corporation & plc is the world's largest cruise company and features a portfolio of 10 individual cruise lines.
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