Richard Fain Stepping Down as Royal Caribbean Group Chairman

Royal Caribbean Group introduced as we speak that Richard Fain, Chair of the Board of Administrators since 1988, can be stepping down from his function as Chairman within the fourth quarter of 2025. He’s not leaving the board solely, although — he’ll stay as a Director on the Board. Jason Liberty, Royal Caribbean Group President and CEO since January 3, 2022, was elected by the Board of Administrators to succeed Fain as Chairman and CEO.

Moreover, John Brock, a member of the Board of Administrators since 2014 and present Chair of the Nominating and Company Governance Committee, has assumed the function of Unbiased Lead Director.

“Richard’s management has been nothing in need of transformative. Underneath his management, the Royal Caribbean Group has develop into the main trip firm – with business main manufacturers, ships, locations and other people,” stated Liberty. “I’m honored and humbled to have been elected as Chairman and CEO and I sit up for persevering with to create and ship the last word trip expertise for our visitors and delivering elevated long-term worth for our shareholders. Thankfully, the corporate and I’ll proceed to profit from Richard’s expertise and mentorship in his continued function as a Director on our Board.”

Fain (left) and Liberty (proper) (Photographs courtesy of Royal Caribbean Group)

“It’s time to hand the wheel to the subsequent technology of remarkable expertise at RCG, and I’m very assured that below Jason’s sturdy management, the Royal Caribbean Group will speed up to even higher heights within the years forward,” famous Fain.

Not solely was Fain Chair of the Board of Administrators at Royal Caribbean Group since 1988, however he additionally assumed the function of CEO of the corporate that very same 12 months. He stepped down from that place in January 2022.