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Posted 09 November, 2021

ROYAL CARIBBEAN CRUISES LTD appointed Jason T. Liberty as new CEO

NYSE:RCL appointed new Chief Executive Officer Jason T. Liberty in a 8-K filed on 09 November, 2021.


  The Board has appointed Jason T. Liberty to the position of President and Chief Executive Officer of the Company, effective January 3, 2022, and member of the Board, effective November 7, 2021.  

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Overview of ROYAL CARIBBEAN CRUISES LTD
Leisure/Arts/Hospitality • Tourism
Royal Caribbean Group is a cruise company, which engages in the ownership and operation of the following global cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The firm also holds interest in TUI Cruises GmbH, which operates the German brands TUI Cruises and Hapag-Lloyd Cruises. The company was founded by Arne Wilhelmsen in 1968 and is headquartered in Miami, FL.
Market Cap
$32.2B
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ROYAL CARIBBEAN CRUISES LTD by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Resignation of Current Chief Executive Officer


On November 6, 2021, Richard D. Fain gave notice of his decision to step down, effective on January 3, 2022, from his role as Chief Executive Officer of Royal Caribbean Cruises Ltd. (the "Company"). Mr. Fain will continue to serve as Chair of the Board of Directors of the Company and will be compensated in the same manner as the Company's non-executive directors, except that he will receive an additional annual cash retainer of $225,000 to reflect his role as Chair. From January 3rd through March 31st, 2022, Mr. Fain also will provide transitional services to Mr. Liberty.


Appointment of New Chief Executive Officer


The Board has appointed Jason T. Liberty to the position of President and Chief Executive Officer of the Company, effective January 3, 2022, and member of the Board, effective November 7, 2021. Mr. Liberty, age 46, currently serves as Executive Vice President and Chief Financial Officer of the Company, and he will continue to serve in this capacity until January 2, 2022. Mr. Liberty has been employed with the Company since 2005.


As President and Chief Executive Officer, Mr. Liberty will receive a base salary of $1,200,000, a target annual incentive of 200% of his base salary, and target annual long term equity incentive awards with a grant value of $7,000,000.


Appointment of New Chief Financial Officer


The Board has appointed Naftali Holtz to the position of Chief Financial Officer of the Company, effective January 3, 2022. Mr. Holtz, age 44, currently serves as Senior Vice President, Finance, and he will continue to serve in this capacity until January 2, 2022. Mr. Holtz has been employed with the Company since 2019.


As Chief Financial Officer, Mr. Holtz will receive a base salary of $675,000, a target annual incentive of 100% of his base salary, and target annual long term equity incentive awards with a grant value of $1,400,000.