USA. Royal Caribbean Group’s Richard Fain Steps Down After 33 Years as CEO

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Jan 3. Richard Fain, CEO of Royal Caribbean Group, the parent to Royal Caribbean International, Celebrity Cruises, Silversea Cruises and co-owner of TUI Cruises and Hapag-Lloyd Cruises, stepped down at midnight on Monday after three decades in the role.

“I really feel like the stars were aligned, this was a good time to do it,” Fain told USA TODAY in a Dec. 15 interview. “I had a great person to take over as his successor, and a great management team that would keep the business doing well. So, (it) just felt right.”

Fain led the company for 33 years, including through the COVID-19 pandemic that shut the industry down for more than a year and has prompted the Centers for Disease Control and Prevention to advise against cruise travel as 2022 kicks off.

Royal Caribbean announced Fain’s decision to step down in November. The company’s Jason Liberty, who previously served as chief financial officer, is taking his place.

Source: Usa Today

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96820cookie-checkUSA. Royal Caribbean Group’s Richard Fain Steps Down After 33 Years as CEO