Cruising89143 Posted April 7, 2014 #1 Share Posted April 7, 2014 (edited) Royal Caribbean Cruises Ltd. Promotes Adam Goldstein to President and COOVeteran executive will lead drive to 'take advantage of our global scale and knowledge'MIAMI, April 7, 2014 /PRNewswire/ -- Adam Goldstein has been named president and chief operating officer of Royal Caribbean Cruises Ltd. (NYSE, OSLO: RCL), the company announced today. Goldstein, a 25-year company veteran, had spent the previous 12 years as president and CEO of the company's largest cruise line, Royal Caribbean International. "Adam has played a key role in growing Royal Caribbean International, step by step, into a global leader. In the course of doing so, he has become an impressive leader in his own right," said Richard D. Fain, chairman and chief executive officer of Royal Caribbean Cruises Ltd. "In this new role, Adam will be able to put his broad worldview and strategic insights to use leading our varied cross-functional teams." As well as working with Fain on the company's strategic direction, Goldstein's portfolio will include Human Resources, Information Technology, Supply Chain, Corporate Communications, Safety & Environment, Government Relations, Guest Port Operations and Commercial Development. "We believe that it's important for our brands to have their own personalities and business plans," Fain said. "But it's also important to pursue best practices, and to make sure that the insights we learn within individual lines can be applied to the entire company's benefit. When we do that, we are a stronger business," Fain said. Goldstein said he was looking forward to the challenge. "Royal Caribbean was a five-ship company when I arrived here, and today we are many times larger than that," Goldstein said. "We now have more than 60,000 employees taking our guests to every continent of the world, as well as the most technologically advanced ships at sea. The opportunity we have is to take even greater advantage of our global scale and knowledge, while delivering the guest satisfaction that helped us grow to where we are today." Goldstein begins his new responsibilities immediately, Fain said. A search for a new leader for the Royal Caribbean International line is underway. In the meantime, Goldstein will assist with transition while he also takes up his new responsibilities. "Today's announcement underscores the strength and stability of our company and its depth of leadership talent," Fain said. "We believe our strategy of appealing to vacationers around the world, matched with our commitment to innovation, safety and sensible growth, positions us well for the future. I am pleased to have Adam bring his skills to bear on bringing this strategy to life." Goldstein joined the company in 1988, and served in a number of positions before taking the helm of Royal Caribbean International, including Senior Vice President, Total Guest Satisfaction; Senior Vice President, Marketing; and Corporate Secretary to the company's Board of Directors. Goldstein is a member of the Washington-based Energy Security Leadership Council. He served on the board of the Travel Industry Association of America (now the U.S. Travel Association) from 1993 to 2012, and is a member of the advisory board for Our Kids, which is engaged in foster care and related services for Florida youth. Goldstein graduated with honors from Princeton University. He also has a law degree from Harvard University and an MBA with distinction from the French business school INSEAD. Goldstein and his wife have two children and live in Coral Gables, FL. Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) is a global cruise vacation company that owns Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisieres de France, as well as TUI Cruises through a 50 percent joint venture. Together, these six brands operate a combined total of 41 ships with an additional six under construction contracts. They operate diverse itineraries around the world that call on approximately 490 destinations on all seven continents. Additional information can be found on www.royalcaribbean.com, www.celebritycruises.com, www.pullmantur.es, www.azamaraclubcruises.com, www.cdfcroisieresdefrance.com or www.rclinvestor.com. SOURCE Royal Caribbean Cruises Ltd. Rob Zeiger, 305-539-6012, rzeiger@rccl.com Edited April 7, 2014 by cruisingator2 Link to comment Share on other sites More sharing options...
Rare shipshape sam Posted April 7, 2014 #2 Share Posted April 7, 2014 Congrats to Adam! Link to comment Share on other sites More sharing options...
johhnnyt Posted April 7, 2014 #3 Share Posted April 7, 2014 (edited) I'm guessing the board wants to have a replacement for Fain, but also know that they will prob have to carry Fain out before he retires on his own, but then agin one never knows Edited April 7, 2014 by johhnnyt Link to comment Share on other sites More sharing options...
Cruising89143 Posted April 7, 2014 Author #4 Share Posted April 7, 2014 Richard Fain stated last year during one of the earnings call that a succession plan was in place to replace him once he retired. I do think that this is the first step. Link to comment Share on other sites More sharing options...
c-legs Posted April 8, 2014 #5 Share Posted April 8, 2014 I wonder if the strenghtened chain of command means that Edie Bernstein(AZA) & Micheal Bailey (=X=) now answer to Adam Goldstein instead of Dick Fain....( as well as the top huncho at Pullmantur and the RCCL's ''portion'' of the management team at TUI Cruises...) The fact that a recruitement drive has now started for Goldstein seems to point to the fact he was not yet grooming his own succcessor, something every executive ought to always carry out. Good luck to Mr.Goldstein. He certainly ''paid his dues''. Link to comment Share on other sites More sharing options...
EpcotBill Posted April 8, 2014 #6 Share Posted April 8, 2014 (edited) I wonder if the strenghtened chain of command means that Edie Bernstein(AZA) & Micheal Bailey (=X=) now answer to Adam Goldstein instead of Dick Fain....( as well as the top huncho at Pullmantur and the RCCL's ''portion'' of the management team at TUI Cruises...)The fact that a recruitement drive has now started for Goldstein seems to point to the fact he was not yet grooming his own succcessor, something every executive ought to always carry out. Good luck to Mr.Goldstein. He certainly ''paid his dues''. Edie left AZ awhile ago. She's now with Crystal. Edited April 8, 2014 by EpcotBill Link to comment Share on other sites More sharing options...
Cruising89143 Posted April 8, 2014 Author #7 Share Posted April 8, 2014 I wonder if the strenghtened chain of command means that Edie Bernstein(AZA) & Micheal Bailey (=X=) now answer to Adam Goldstein instead of Dick Fain....( as well as the top huncho at Pullmantur and the RCCL's ''portion'' of the management team at TUI Cruises...)The fact that a recruitement drive has now started for Goldstein seems to point to the fact he was not yet grooming his own succcessor, something every executive ought to always carry out. Good luck to Mr.Goldstein. He certainly ''paid his dues''. They still report to Richard Fain according to another press release that I read yesterday. At least for the time being. Link to comment Share on other sites More sharing options...
c-legs Posted April 9, 2014 #8 Share Posted April 9, 2014 Edie left AZ awhile ago. She's now with Crystal. Thanks for correcting me. Cheers Link to comment Share on other sites More sharing options...
rkacruiser Posted April 9, 2014 #9 Share Posted April 9, 2014 The same kind of situation took place recently at Carnival Corporation. The President of Princess Cruises became the COO of Carnival Corporation. An Executive Vice-President of Princess became the new President of the cruise line. Link to comment Share on other sites More sharing options...
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