It was announced today that Kevin Sheehan, President and Chief Executive Officer of Norwegian Cruise Lines has stepped down in favour of Frank Del Rio.
Franck Del Rio is the CEO or Prestige Cruises which was purchased by Norwegian Cruise Lines in Nov 2014 (as we reported here).
Del Rio is one of the co-founders of Oceania cruises and has over twenty 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.”
Kevin Sheehan also added: “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”.
Kevin Sheehan has been integral in the direction Norwegian Cruise Lines have taken over the last seven years.
With him now stepping down and with Norwegian’s recent acquisition of the luxurious Prestige brand what direction do you think the new NCL President will (or should) take the company in?
