Carnival Corporation & plc Announces Richard J. Glasier will not seek re-election

Rhea-AI Summary

Carnival Corporation & plc (NYSE: CCL, LSE: CCL, NYSE: CUK) announced that Richard J. Glasier will not seek re-election to its Boards of Directors at the April 2023 Annual Meetings. Serving since 2004, Glasier has been a pivotal advisor on governance and sustainability. His departure coincides with the addition of Sara Mathew, former CEO of Dun & Bradstreet, and the retirements of Arnold Donald and Sir John Parker. Post-changes, the Board will comprise of eleven members, including nine independent directors, with a focus on diversity, such as four female members and one ethnically diverse member.

Positive

• Glasier's tenure brought valuable governance and sustainability insights, strengthening corporate operations.
• Board restructuring includes the addition of Sara Mathew, enhancing diversity and expertise.

Negative

• The departure of long-time members, including Arnold Donald, may lead to transitional challenges.

MIAMI, Jan. 18, 2023 /PRNewswire/ -- Carnival Corporation & plc (NYSE: CCL) (LSE: CCL) (NYSE: CUK), the world's largest cruise company, announced that Richard J. Glasier has decided he will not stand for re-election to the Boards of Directors of Carnival Corporation and Carnival plc at the 2023 Annual Meetings of Shareholders in April 2023. Glasier has served as independent director on the companies' Boards since 2004.

"Our sincere gratitude to Richard for being an enduring source of wisdom and guidance throughout the past two decades," said Micky Arison, Chair of the Boards of Directors of Carnival Corporation & plc. "He has been a steadfast advisor on matters related to our business operations, governance and sustainability. We are grateful for his many contributions in several essential roles throughout his tenure on the Boards."

Glasier's decision follows the previously announced addition to the Boards of new member Sara Mathew, retired Chair, President, and Chief Executive Officer of Dun & Bradstreet Corp. (DNB), and the retirements of long-time Board member and former President and CEO Arnold Donald and Board member Sir John Parker. With today's announcement, Carnival Corporation & plc's Boards will be comprised of eleven members as of April 2023, nine of whom are independent directors, four of whom are female and one of whom is ethnically diverse. 

About Carnival Corporation & plc

Carnival Corporation & plc is one of the world's largest leisure travel companies with a portfolio of world-class cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.

Additional information can be found on www.carnivalcorp.com, www.carnival.com, www.princess.com, www.hollandamerica.com, www.seabourn.com, www.pocruises.com.au, www.costacruise.com, www.aida.de, www.pocruises.com and www.cunard.com.

 

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SOURCE Carnival Corporation & plc

FAQ

Who is Richard J. Glasier in Carnival Corporation?

Richard J. Glasier is a long-serving independent director on Carnival Corporation's board since 2004.

What changes are happening in Carnival Corporation's Board of Directors?

Glasier will not seek re-election; Sara Mathew has been added, and Arnold Donald and Sir John Parker are retiring.

When will the board changes at Carnival Corporation take effect?

The changes will take effect at the Annual Meetings of Shareholders in April 2023.

What is the composition of Carnival Corporation's Board after the changes?

Post-changes, Carnival's Board will have eleven members, with nine being independent directors.

What is significant about the new board members at Carnival Corporation?

The new board members enhance diversity, with four females and one ethnically diverse member included.