World News
Micky Arison to Step Down as Carnival CEO After 34 Years
Micky Arison is to step down as chief executive officer of Carnival Corporation & plc [NYSE/LSE: CCL; NYSE: CUK] (Carnival) after 34 years, the cruise company announced today.
The son of Carnival co-founder Ted Arison will be replaced effective July 3, 2013 by Arnold W. Donald, who has served on the company's board for the past 12 years.
Arison will continue to serve as Chairman of the Board of the company.
"I have been discussing this with the board for some time now and feel the timing is right to align our company with corporate governance best practices and turn over the reins after 34 years as CEO," said Arison.
"Arnold is an exceptional professional with extensive experience in organizational leadership who will bring a fresh perspective to the company. I have come to value and rely on his judgement and insight during the 12 years he has served on the company's board and I am very confident in his ability to move the organization forward."
Arison added, "As chairman, I will still be working closely with Arnold to ensure a great future for all our stakeholders."
Commenting on his appointment, Donald said: "I am honored and privileged to have this opportunity to lead the next stage of growth for Carnival Corporation & plc."
"As a board member, I have come to know Micky, Howard and the company well. I have a first-hand appreciation of what it has taken to develop this highly successful business, an understanding for the dynamics and challenges we face, and a great deal of confidence in the company's management team and their ability to execute."
Donald, who also currently serves on the board of Bank of America Corporation, will continue to serve on Carnival's board of directors but will relinquish his committee roles.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 630.50 | 3.00 | 770.50 | 5.50 |
| Rotterdam | 577.50 | 4.50 | 772.00 | 4.00 |
| Houston | 609.50 | 3.50 | 788.00 | 11.50 |
| Fujairah | 632.50 | 6.50 | 864.00 | 5.00 |
| Global 20 Ports Average | 638.00 | 0.50 | 849.00 | 4.50 |
| Global 4 Ports Average | 612.50 | 4.50 | 798.50 | 6.50 |
| Global Average Bunker Price | 678.50 | 3.00 | 904.50 | 3.50 |
Popular Now More
-
Jun 26The firm shut down its PSTV Cargo operation in the second half of the 2023/24 financial year, a company representative tells Ship & Bunker. -
Jun 26The firm is now offering B10, B20, B24 and B30 blends to ISO 8217:2024 specifications, a company representative tells Ship & Bunker. -
Jun 28Ankora Fuels will initially focus on MGO and ULSMGO deliveries by barge and truck in the Port of New York and New Jersey, co-founder John Barbarise III tells Ship & Bunker.