|
Nor wegian
Cruise Line Holdings Ltd., announced that its Board of Directors has named Frank
Del Rio as President and Chief Executive Officer. Del Rio succeeds Kevin
Sheehan, who has decided to leave the company.
Del Rio is the Chief Executive Officer of Prestige Cruises International, Inc.,
which was acquired by Norwegian in November 2014. Del Rio, a co-founder of
Oceania Cruises, Inc., a subsidiary of Prestige, has more than 20 years of
experience in the cruise industry.
"Frank Del Rio has established himself as a leader and innovator in our
industry," said Steve Martinez, member of Norwegian's Board of Directors.
"Norwegian is poised for continued growth and we are delighted to have Frank
lead our team during the next phase of the company's evolution. We also thank
Kevin Sheehan for his service to the company. Kevin has built Norwegian into the
highly successful company it is today - a company that has reported 25
consecutive quarters of growth in trailing twelve month Adjusted EBITDA coupled
with consistent margin improvement. Most recently, Kevin was integral to the
Prestige acquisition, assembling a diversified portfolio of brands that spans
all market segments in the cruise industry, which we believe puts the company in
a strong position for the future."
"It has been a privilege to lead Norwegian over the last seven years. I am proud
of what we have accomplished, and take comfort in the knowledge that I am
leaving the company much healthier and stronger than when I joined. With the
company set for success, I hand the baton off to Frank, a proven leader in the
cruise industry," said Sheehan.
"I am excited to begin this new chapter in my long career in the cruise
industry," said Del Rio. "I am blessed with a great team at Norwegian, and I am
confident that together we can help our company continue to realize great
things."
Frank Del Rio has served as Chief Executive Officer of Prestige or its
predecessor since April 2007. Prestige, a subsidiary of Norwegian, is a global
cruise line operator in the upscale cruise segment. Prestige operates two
upscale cruise brands, Oceania Cruises and Regent Seven Seas Cruises, which
operate in over 300 ports around the globe. Del Rio holds a B.S. in Accounting
from the University of Florida and is a Certified Public Accountant (inactive
license). |
