Royal Caribbean Group Chairman Richard Fain will step down from his role later this year.
He has held the position since 1988 and will relinquish the role in the fourth quarter of 2025, but will remain as a Board Director.
Jason Liberty, who has been Royal Caribbean Group President and CEO since January 2022, will succeed Richard as Chairman and will retain his role as CEO.
Jason 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 CEO 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.”
Richard said: “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.”
John Brock, a member of the Board of Directors since 2014 and current Chair of the Nominating and Corporate Governance Committee, has taken on the role of Independent Lead Director.
