Richard Fain will step down as president of the Royal Caribbean Group next year after more than 30 years at the helm of the company.
He will be replaced on January 3 by Chief Financial Officer Jason Liberty.
Fain will continue to be the president of the great ship.
Liberty joined the Royal Caribbean Group in 2005 and held various financial, strategic, and operational roles before becoming a chief financial officer in 2013.
His career began over the years and extends beyond the services of his current job.
He is also responsible for Silversea, his partnership with TUI Cruises and Hapag-Lloyd Cruises, as well as the planning, technology, supply chain, port services, and legal services of the parents.
Naftali Holtz will be the CFO and Saoirse will assume the position of CEO.
Holtz currently serves as Vice President, Chief Financial Officer, Business Planning and Auditor, Chief Financial Officer, Policy Planning, Risk Management, and Wealth Manager.
He joined two years ago after a stint with Goldman Sachs for 12 years, most recently as CEO, real estate, and entertainment banker.
Fain led the company through the global epidemic and is the driving force behind the creation of the Health Demonstration Panel.
He is currently the third longest-serving leader among the current leaders of the S&P 500.
“Richard is now a new leader who has made many unprecedented contributions to our company and industry,” said Bill Kimsey, president of the Royal Caribbean Group.
Recently, his managerial work during his Covid-19 illness revealed him as one of the key figures in his generation.
“He depends on the freight forwarding community and all of us in the industry.”
Fain said he and the company put together a well-planned announcement process when he decides it’s time for him to step down.