Royal Caribbean Group’s Richard Fain...

President and Chief Executive Jason Liberty to succeed him

Richard Fain will be stepping down from his role as Chair at Royal Caribbean Group, a post he has held since 1988.

The move will take place in the fourth quarter of this year, with Fain remaining as a Board Director.

Jason Liberty, Royal Caribbean Group President and Chief Executive since 3 January, 2022, will succeed Fain as Chairman and CEO and will assume the role in Q4 2025.

Additionally, John Brock, a board member since 2014 and current Chair of the nominating and corporate governance committee, has assumed the role of independent Lead Director.

Liberty said: “Richard’s leadership has been nothing short of transformative. Under his leadership, the Royal Caribbean Group has become the leading vacation company – with industry-leading brands, ships, destinations and people.

“I am honoured and humbled to have been elected as Chairman and Chief Executive and I look forward to continuing to create and deliver the ultimate vacation experience for our guests and delivering elevated long-term value for our shareholders.

“Fortunately, the company and I will continue to benefit from Richard’s experience and mentorship in his continued role as a Director on our board.”

Fain added: “It is time to hand the wheel to the next generation of exceptional talent at RCG, and I am very confident that under Jason’s strong leadership, the Royal Caribbean Group will accelerate to even greater heights in the years ahead.”

Liberty added: “Looking ahead, John Brock brings invaluable experience from his time as chairman and chief executive of Coca-Cola Enterprises and Chief Executive of InBev, and strong integrity that will support the company’s ongoing growth and governance.

“I look forward to working with him in his new role, along with the rest of the board, as we execute on our bold ambitions.”

Royal Caribbean Group brands include Royal Caribbean, Celebrity Cruises and Silversea. The company also owns a 50% joint venture interest in Tui Cruises, which operates partner brands Mein Schiff and Hapag-Lloyd Cruises.

To partner with Royal Caribbean Arabia call UAE +971 4 331 4299, KSA 800 897 1419, or email book@rccl.ae. For more information, visit www.royalcaribbean.ae

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