MIAMI, July 18, 2017 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced yesterday a change in keeping with good corporate governance that encourages the periodic rotation of board leadership positions among directors.
Stuart Subotnick has stepped down from his role as Senior Independent Director and Presiding Director and Randall J. Weisenburger was elected by the company's Non-Executive Directors, acting in executive session, to take over as the Senior Independent Director under the UK Corporate Governance Code with immediate effect. Weisenburger will also act as the Presiding Director to preside at meetings of the Non-Executive Directors and at Board meetings in the absence of the Chairman, and to serve as the principal liaison for Non-Executive Directors.
The appointment of a new Senior Independent Director and Presiding Director brings fresh perspectives and ideas to these leadership roles and underscores the company's constant attention to succession planning and implementation.
A director since 2009, Weisenburger is chair of the Compensation Committees and a member of the Audit Committees and Nominating & Governance Committees.
Subotnick will continue as a member of the Boards of Directors, Chair of the Nominating & Governance Committees and as a member of the Audit Committees and Executive Committees.
"Stuart Subotnick's breadth of business experience has been a real asset to Carnival," said Micky Arison, Carnival Corporation & plc Chairman. "We have benefited greatly from his insights, counsel and leadership. We are pleased he will continue to serve the Board."
"Randy Weisenburger is an excellent choice to serve as our presiding director," continued Arison. "Our company has benefited from his broad experience, leadership and wise counsel. Randy will serve the board and the company well in this new role."
This announcement is made pursuant to UK Listing Rule 9.6.11.
Carnival Corporation & plc is the world's largest leisure travel company and among the most profitable and financially strong in the cruise and vacation industries, with a portfolio of 10 dynamic brands that include nine of the world's leading cruise lines. With operations in North America, Europe, Australia and Asia, its portfolio features Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK), as well as Fathom, the corporation's immersion and enrichment experience brand.
Together, the corporation's cruise lines operate 103 ships with 231,000 lower berths visiting over 700 ports around the world, with 17 new ships scheduled to be delivered between 2018 and 2022. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices.
In 2017, Fast Company recognized Carnival Corporation as being among the "Top 10 Most Innovative Companies" in both the design and travel categories. Fast Company specifically recognized Carnival Corporation for its work in developing Ocean Medallion™, a high-tech wearable device that enables the world's first interactive guest experience platform capable of transforming vacation travel into a highly personalized and elevated level of customized service.
Additional information can be found on www.carnival.com, www.fathom.org, www.hollandamerica.com, www.princess.com, www.seabourn.com, www.aida.de, www.costacruise.com, www.cunard.com, www.pocruises.com.au and www.pocruises.com.
View original content:http://www.prnewswire.com/news-releases/carnival-corporation--plc-change-of-senior-independent-director-and-presiding-director-300490038.html
SOURCE Carnival Corporation & plc
MEDIA CONTACT, Roger Frizzell, +1 (305) 406 7862; INVESTOR RELATIONS CONTACT: Beth Roberts, +1 (305) 406 4832