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Genting Hong Kong Officially Acquires Crystal CruisesMay 15, 2015
Genting Hong Kong (GHK) today announced that it has completed the acquisition of Crystal Cruises, from Nippon Yusen Kabushiki Kaisha (NYK), for a total transaction of $550 million. GHK also announced a new Chairman of Crystal and promotions for Crystal’s current senior management team, guaranteeing a streamlined transition and virtually no interruption in operations.
Tan Sri Lim Kok Thay, executive chairman of the Genting Group and the former chairman of Norwegian Cruise Line, assumes the position of chairman of Crystal, replacing Nobuyoshi Kuzuya who will return to NYK in a key executive position. Edie Rodriguez, a 34-year travel industry veteran who was previously president and COO will be promoted to president and CEO. Thomas Mazloum, a 20-plus year veteran of Crystal’s management team, who was previously executive vice president, will be promoted to COO.