Royal Caribbean Cruises Ltd. (RCL), a cruise company worldwide, on Friday announced that its Chair Richard Fain will be stepping down from the Board in the fourth quarter of 2025.
President and CEO Jason Liberty will take over as Chairman and CEO in the fourth quarter of 2025.
Fain will stay on as a Director until a smooth transition.
Board member and Chair of the Nominating and Corporate Governance Committee John Brock has been appointed as Independent Lead Director.
In the pre-market trading, 0.39% higher at $272.60 on the New York Stock Exchange.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.