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Genting Hong Kong (GHK) today announced that
it has completed the acquisition of Crystal Cruises from Nippon Yusen Kabushiki
Kaisha (NYK), for a total transaction of US$550 million. GHK also announced a
new Chairman of Crystal and promotions for Crystal’s current senior management
team.
Tan Sri Lim Kok Thay, executive chairman of the Genting Group and the former
chairman of Norwegian Cruise Line, assumes the position of chairman of Crystal,
replacing Nobuyoshi Kuzuya who will return to NYK in a key executive position.
Edie Rodriguez, a 34-year travel industry veteran who was previously president
and COO will be promoted to president and CEO. Thomas Mazloum, a 20-plus year
veteran of Crystal’s management team who was previously executive vice-president
will be promoted to COO.
Established in 1993, GHK is part of the Genting Group, a global hospitality and
leisure company with business in over 20 countries, including the United States
in New York, Florida and Nevada. GHK wholly owns Star Cruises and is a major
shareholder of Norwegian Cruise Line. GHK is a public company primarily listed
on the Hong Kong Stock Exchange and secondarily on the Singapore Stock Exchange.
Crystal launched service with the Crystal Harmony in 1990, with sister ships
Crystal Symphony and Crystal Serenity joining the fleet in 1995 and 2003,
respectively. Since the Harmony’s sale in 2005, the line has operated global
itineraries with the two remaining ships. |
