Royal Caribbean Group has officially announced significant leadership changes within the organization, marking a pivotal moment in the company’s ongoing evolution. Richard Fain, a figure widely regarded for his instrumental role in shaping the modern cruise industry, will step down from his position as Chairman of the Board of Directors in Q4 2025. Having served as Chairman since 1988, Fain has been a key architect in the growth and success of Royal Caribbean, transforming the cruise business into a global powerhouse. Under his leadership, the company has revolutionized the cruise industry with groundbreaking innovations in ship design, customer service, and sustainability.

Despite his departure as Chairman, Fain will continue to serve on the Board as a Director. This transition is seen as part of a larger succession strategy, ensuring continuity of leadership and vision within the company. Richard Fain’s decision to step down comes after a long and highly successful tenure, where his strategic foresight and industry knowledge helped propel Royal Caribbean Group into the forefront of the global cruise sector.

Taking over the reins as Chairman and CEO in Q4 2025 will be Jason Liberty, the current President and CEO of Royal Caribbean Group, who has been with the company for many years. Liberty’s appointment is the result of a unanimous decision by the Board of Directors. Having served as the President and CEO since January 3, 2022, Liberty has already proven himself to be a dynamic leader, steering the company through the complex challenges posed by the COVID-19 pandemic and the subsequent recovery of the cruise industry. His deep knowledge of the organization, combined with his experience in the cruise sector, makes him a natural choice to succeed Fain and lead Royal Caribbean Group into its next chapter.

Jason Liberty’s promotion to Chairman and CEO reflects the confidence the Board has in his leadership capabilities. Under his guidance, Royal Caribbean Group has continued to innovate, expand, and redefine the cruise experience, ensuring it remains at the cutting edge of the global tourism industry. Liberty is expected to build on the solid foundation laid by Fain and lead the company toward new heights of success, particularly with a focus on enhancing sustainability efforts, expanding fleet operations, and continuing to deliver exceptional guest experiences.

In addition to the change in leadership at the top, Royal Caribbean Group has also made adjustments to its Board structure. John Brock, a member of the Board since 2014 and currently the Chair of the Nominating and Corporate Governance Committee, has been appointed to the role of Independent Lead Director. Brock’s new position signifies a strengthening of the Board’s governance framework and a continued emphasis on independent leadership within the organization. His experience and long-standing commitment to the company make him an invaluable asset in guiding the Board’s activities and ensuring alignment with best practices in corporate governance.

These leadership transitions at Royal Caribbean Group represent a strategic shift aimed at ensuring the company’s continued growth and success in a rapidly changing global marketplace. By preparing for the future with strong, visionary leadership, Royal Caribbean Group is positioned to remain a dominant player in the cruise industry while adapting to the evolving needs and preferences of travelers worldwide.

“Richard’s leadership has been nothing short of transformative. Under his leadership, the Royal Caribbean Group has become the leading vacation company – with industry leading brands, ships, destinations and people,” said Liberty. “I am honored and humbled to have been elected as Chairman and CEO and I look forward to continuing to create and deliver the ultimate vacation experience for our guests and delivering elevated long-term value for our shareholders. Fortunately, the company and I will continue to benefit from Richard’s experience and mentorship in his continued role as a Director on our Board.”

“It is time to hand the wheel to the next generation of exceptional talent at RCG, and I am very confident that under Jason’s strong leadership, the Royal Caribbean Group will accelerate to even greater heights in the years ahead,” noted Richard Fain.

“Looking ahead, John Brock brings invaluable experience from his time as Chairman and CEO of Coca-Cola Enterprises and CEO of InBev, and strong integrity that will support the company’s ongoing growth and governance. I look forward to working with him in his new role, along with the rest of the Board, as we execute on our bold ambitions,” Liberty added.

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