Richard Fain steps down as CEO of Royal Caribbean; Jason Liberty named successor, effective Jan 3, 2022

ROYAL CARIBBEAN CRUISES LTD

Richard Fain to step down as CEO on Jan 3, 2022; will remain Chair of Board with additional $225K annual retainer.
Jason Liberty, current CFO, appointed President and CEO effective Jan 3, 2022, and to Board on Nov 7, 2021.
Naftali Holtz appointed CFO effective Jan 3, 2022; currently SVP Finance of Royal Caribbean Group.
Liberty receives base salary of $1.2M, target annual incentive 200% of base, and target LTI of $7M.
Holtz receives base salary of $675,000, target annual incentive 100% of base, and target LTI of $1.4M.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Richard D. Fain

Chief Executive Officer

RCL · ROYAL CARIBBEAN CRUISES LTD

Effective: 2022-01-03
Successor: Jason T. Liberty
Filed: November 9, 2021, 6:59 PM ET

Richard D. Fain gave notice of his decision to step down, effective on January 3, 2022, from his role as Chief Executive Officer of Royal Caribbean Cruises Ltd. (the “Company”).

Role change

Jason T. Liberty

President and Chief Executive Officer

RCL · ROYAL CARIBBEAN CRUISES LTD

Effective: 2022-01-03
Filed: November 9, 2021, 6:59 PM ET

The Board has appointed Jason T. Liberty to the position of President and Chief Executive Officer of the Company, effective January 3, 2022, and member of the Board, effective November 7, 2021.

Role change

Naftali Holtz

Chief Financial Officer

RCL · ROYAL CARIBBEAN CRUISES LTD

Effective: 2022-01-03
Filed: November 9, 2021, 6:59 PM ET

The Board has appointed Naftali Holtz to the position of Chief Financial Officer of the Company, effective January 3, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard D. Fain changed role as Chief Executive Officer at ROYAL CARIBBEAN CRUISES LTD.

Action: step down
Role: Chief Executive Officer

Exact text from the filing

Richard D. Fain gave notice of his decision to step down, effective on January 3, 2022, from his role as Chief Executive Officer of Royal Caribbean Cruises Ltd. (the “Company”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason T. Liberty was appointed as President and Chief Executive Officer at ROYAL CARIBBEAN CRUISES LTD.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The Board has appointed Jason T. Liberty to the position of President and Chief Executive Officer of the Company, effective January 3, 2022, and member of the Board, effective November 7, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Naftali Holtz was appointed as Chief Financial Officer at ROYAL CARIBBEAN CRUISES LTD.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

The Board has appointed Naftali Holtz to the position of Chief Financial Officer of the Company, effective January 3, 2022.

View on SEC.gov

ROYAL CARIBBEAN CRUISES LTD filing history →

Source: SEC EDGAR

accession 0001104659-21-136284

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