Carnival Company & plc Pronounces Lengthy-Time Board Member Arnold Donald is Stepping Down after Extra Than Two A long time of Service

MIAMI , Nov. 3, 2022 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest cruise firm, in the present day introduced that Arnold Donald, its former President and CEO, is stepping down from the Boards of Administrators of Carnival Company & plc after greater than twenty years of service.

Earlier this 12 months, with the profitable return of Carnival Company & plc’s fleet into service, Donald introduced his determination to depart the CEO position, turning it over to his colleague, Josh Weinstein, who was promoted from chief operations officer into the position of President and CEO, with Donald persevering with to assist the corporate within the brief time period in the course of the transition as Vice-Chair.

“I’m extraordinarily happy with all now we have completed collectively these previous 9 years, together with the crucial roles performed by the Board, the senior management and each particular person on this wonderful firm who labored tirelessly with unmatched dedication, dedication and ingenuity to place our firm, following the worldwide pandemic’s business impression, able to proceed the sustained success we have been having fun with,” mentioned Donald. “It’s an honor and a privilege to serve this nice firm, and after 21 years of serving on the Board, I really feel the time is true for me to step apart, making room for others to benefit from the expertise of contributing their management to our firm whereas offering me elevated flexibility to contribute exterior of Carnival Company.” 

Micky Arison, Chair of the Boards of Administrators of the company, praised Donald, thanking him for his management and profitable efforts over time.

“In working carefully with Arnold for greater than 20 years, I’ve the utmost respect for him as an individual and as an expert,” mentioned Arison. “He leads by instance, listens intently, acts with integrity and places a powerful emphasis on supporting everybody round him. Arnold connects deeply with individuals and has a rare capacity to speak, which has made him one of the vital essential and influential voices in our business.”

Randy Weisenburger, a fellow Board member and Lead Impartial Director, echoed Arison’s appreciation.

“Arnold got here in with a contemporary perspective and an infectious, optimistic angle, and he was in a position to construct on Carnival Company’s long-term success,” mentioned Weisenburger. “We’ve such nice respect for Arnold as a colleague and a confirmed chief with a powerful observe file of success — and the corporate has seen spectacular accomplishments throughout his time, increasing the cruise market and accelerating our progress trajectory as the biggest cruise operator on the planet.”

Donald, 67, started serving on Carnival Company’s Board of Administrators in 2001 and Carnival plc’s Board of Administrators in 2003, and he took on the position as President and CEO in July 2013.

Donald’s resignation is efficient November 30, 2022.

Donald has agreed to proceed to supply counsel and recommendation to the corporate and its Boards by means of a consulting settlement.

About Carnival Company & plc

Carnival Company & plc is without doubt one of the world’s largest leisure journey corporations with a portfolio of 9 of the world’s main cruise strains crusing to all seven continents. With operations in North America, Australia, Europe and Asia, its portfolio options Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.

Further data might be discovered on www.carnivalcorp.com, www.carnival.com, www.princess.com, www.hollandamerica.com, www.seabourn.com, www.pocruises.com.au, www.costacruise.com, www.aida.de, www.pocruises.com and www.cunard.com.

SOURCE Carnival Company & plc