Carnival Cruise Lines announced today, Oct. 30, that its president and CEO Gerry Cahill, 63, who sat at the helm of the world’s largest cruise company for the last 20 years will be leaving his post as of Nov. 28, 2014. One of the most respected executives in the industry, Cahill and his team were behind the implementation of many new features and innovations to the fleet such as the innovative Fun Ship 2.0 ship enhancements and Carnival LIVE concert series, a first in the cruise industry. He also spearheaded the Carnival Seuss at Sea program, an exclusive partnership that brought the beloved children’s brand and characters to its ships.
During his tenure Cahill had plenty of fires to put out with one mishap after another, the biggest being the capsizing of the Costa Concordia in January 2013 which caused the loss of 32 lives and several injuries. “Gerry has been instrumental in taking Carnival Cruise Lines to new heights as one of the preeminent brands in the cruise industry,” said Arnold Donald, president and CEO of Carnival Corporation & plc. “He and his team have delivered new innovations to cruising while growing the business year after year.” He and his team also developed partnerships with major brands to offer passengers popular on-board features, such as celebrity chef Guy Fieri for Guy’s Burger Joint and comedian and TV personality George Lopez for The Punchliner Comedy Club.
While in office, Cahill and his team launched four new ships and introduced the Dream class, which included the Carnival Dream, one of the largest ships in the company’s fleet, as well as Carnival Magic and Carnival Breeze with its many new branded spaces and experiences. “I can’t thank Gerry enough for his tireless efforts both as CFO of Carnival Corporation and CEO of Carnival Cruise Lines,” said Micky Arison, chairman of Carnival Corporation & plc. “While we would always feel his retiring is premature, we understand and support his decision. His leadership and passion, along with his honest and frank views will be missed, and we will always have a deep appreciation for Gerry’s tremendous contributions to Carnival Corporation.”
While the company seeks his replacement, Cahill has agreed to stay on in an advisory capacity for an unspecified time to provide advice and counsel to the leadership team through the transition period. “It has been an honor and a privilege to lead Carnival Cruise Lines for the past seven years and to work for this great company for 20 years,” said Cahill. “Deciding when to retire is not easy, especially when you love what you do. I feel the time is good for me personally and the company and brand are in a good place. Our employees are the finest, most dedicated people I know, and the thing I will miss most in my retirement is the opportunity to come to the office each day and work with such talented individuals.”
Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises (Australia) and P&O Cruises (UK). Together, these brands operate 101 ships totaling 212,000 lower berths with eight new ships scheduled to be delivered between now and 2017. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour companies in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices. Additional information can be found on www.carnival.com, www.hollandamerica.com, www.princess.com, www.seabourn.com, www.aida.de, www.costacruise.com, www.cunard.com,www.iberocruceros.com,www.pocruises.com.au and www.pocruises.com.