Carnival Corp. President and CEO Arnold Donald to step down in August after 9 years at helm
Carnival Corporation President and CEO Arnold Donald will step down on August 1, the company said Tuesday in a news release.
Donald, who has been helmed the massive cruise company since 2013 and led Carnival through the pandemic, will be replaced by Josh Weinstein, who currently serves the company as its chief operations officer.
In the statement, Donald said he "cannot think of anyone better suited for this role than Josh."
"Josh is a proven executive who is well-respected throughout the company, serving in key leadership roles, driving strong business results during his tenure and playing an integral part in stewarding the company through the global pandemic," Donald continued.
Weinstein said he is "humbled" to step into the role, in which he will lead a team of more than 100,000, according to the statement.
"I have benefitted tremendously from Arnold's guidance and mentoring," Weinstein said. "I would like to thank him, Micky Arison our Chairman and the entire Boards of Directors for their support. I look forward to building upon the company's successes as we move forward."
After his tenure as CEO and president is complete, Donald will be named the vice chair and a member of the company's board of directors.
Carnival Corp. is the parent company of flagship Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises, Costa Cruises, AIDA Cruises and Cunard.
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Donald isn't the first leader of a major cruise company to move roles in 2022.
In January, Richard Fain, former CEO of Royal Caribbean Group, the parent to Royal Caribbean International, Celebrity Cruises, Silversea Cruises and co-owner of TUI Cruises and Hapag-Lloyd Cruises, stepped down after three decades in the role.
Fain stayed on as chair of the company's board of directors, and Jason Liberty, who previously served as chief financial officer, took his place.
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