Richard Fain leaves his position as CEO

Richard Fain

Thirty-three years after his appointment as CEO, Richard Fain leaves the role of CEO of the Royal Caribbean group. This was announced this morning by the same company, underlining how the decision will become effective starting from next January 3. Current chief financial officer, Jason Liberty, will succeed Fain as CEO and he will join the board of directors of the group, in which Fain himself will continue to sit, who will also keep the title of president.

The third longest-serving CEO among the companies included in the S&P 500, Fain became CEO of Royal Caribbean in 1988. Under his leadership, the company has seen the growth of all its brands, also thanks to the introduction of new ship classes such as Sovereign, Voyager, Oasis, as far as the namesake brand is concerned, as well as Solstice and Edge for Celebrity Cruises.

Jason Liberty

“There are no words to express my admiration and appreciation for the people of the Royal Caribbean group,” said Fain. They were the drivers of our success. Consider the positive outlook for our business, this is the right time to step aside and let Jason take my place ”.

Liberty has been with Royal since 2005, a company for which he held a number of different roles in the financial and operational fields. He has been CFO of the company for eight years, having among other things contributed to the acquisition of Silversea Cruises in the summer of 2020, as well as to the definition of the joint ventures with Tui Cruises and Hapag Lloyd. Naftali Holz, now the group’s senior vice president of finance, will replace Liberty as chief financial officer.