US EditionRoyal Caribbean Chairman to Step Down After 37 Years
- On June 6, 2025, Royal Caribbean Group announced in Miami that Richard Fain will resign from his position as Chairman during the last quarter of 2025.
- Since taking leadership of Royal Caribbean in 1988, Fain has guided significant growth, including the acquisitions of the Celebrity Cruises brand in the late 1990s and Silversea Cruises in 2020.
- Jason Liberty, who has held the position of President and CEO since early 2022, is set to assume the roles of Chairman and CEO in the fourth quarter of 2025, succeeding Fain.
- Liberty expressed his gratitude upon being chosen as Chairman and CEO, emphasizing his dedication to providing exceptional vacation experiences for guests and driving sustained value for shareholders.
- Fain will remain on the Board as a Director, while the leadership change signals strategic renewal aiming to accelerate Royal Caribbean’s growth and innovation.
13 Articles
13 Articles
Royal Caribbean Cruises (NYSE:RCL) Announces Leadership Changes With Richard Fain Stepping Down
Royal Caribbean Cruises (NYSE:RCL) is experiencing a period of leadership transition as long-standing Chairman Richard Fain will step down, with current CEO Jason Liberty set to succeed him. This shift may have added weight to the 27% price increase in the last quarter as it marks a new strategic direction. Contributing to this movement, Royal Caribbean's robust financial performance showcased year-over-year improvements in sales, revenue, and n…
Longtime Chairman Stepping Down at Royal Caribbean Group
A top management change is on the horizon at Royal Caribbean Group, as longtime chairman of the board Richard Fain, considered a pioneering visionary across the cruise industry, is due to step down from the post in late 2025. Fain has held the top executive position since 1988, overseeing the Royal Caribbean brand and paving the way for the group to acquire Celebrity Cruises in 1997 and Silversea Cruises in 2020. The company also holds a 50% sta…
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