Carnival Corporation & plc has announced that effective August 1, Arnold Donald, currently president and CEO of the company, is being appointed vice chair and member of the Boards of Directors. Josh Weinstein, currently chief operations officer, will assume the role of president and CEO of Carnival Corporation & plc from the same date.
According to Donald, Weinstein drove strong business results during his tenure and played an important role in stewarding the company through the pandemic. "Josh’s thorough understanding of our industry, operations and business strategy puts him in a tremendous position to lead the next phase of our company’s journey,” he added.
A 20-year veteran of Carnival Corp., Weinstein has a history of success in senior-level roles for the company. In his most recent assignment (for the past two years), he oversaw all major operational functions, including global maritime, global ports and destinations, global sourcing, global IT and global auditing. During this time, Weinstein also oversaw Carnival UK, the operating company for P&O Cruises (U.K.) and Cunard, which he previously managed directly for three years as president.
Prior to his role with Carnival UK, Weinstein was treasurer for Carnival Corp. for 10 years, from 2007 to 2017, overseeing the treasury, tax, insurance and financial planning and analysis functions. From 2002 to 2007, Weinstein served as an attorney in the corporate legal department.
Weinstein is a graduate of the University of Pennsylvania and the New York University School of Law. A native of New York, Weinstein and his wife have three children.
Donald was named president and CEO for Carnival Corp. in 2013 and during his nine-year tenure as CEO, Donald led the company to record results pre-pandemic—including achieving the company’s highest profits in its history. Recently, Donald has helped the company and its brands navigate the pandemic, positioning the company for the future. The company expects each of its nine cruise line brand’s full fleets to operate guest cruises in 2022. Carnival Corp. also anticipates that monthly adjusted EBITDA will turn positive at the beginning of the summer season.
Donald has also helped reshape the company’s fleet profile over his time as CEO, with newer, more efficient and more environmentally advanced ships.
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