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

Rhea-AI Summary

Carnival Corporation & plc (NYSE: CCL; NYSE: CUK) announced that Richard J. Glasier will not stand for re-election to its Boards of Directors during the upcoming annual meetings in April 2023. Glasier has been an independent director since 2004, and his departure follows the recent addition of Sara Mathew, former CEO of Dun & Bradstreet, and the retirements of Arnold Donald and Sir John Parker. The updated board will consist of eleven members, with nine being independent directors, including four women and one ethnically diverse member. This move reflects Carnival's commitment to governance and diversity.

Positive

• Board composition now includes Sara Mathew, enhancing governance.
• The board will have a diverse and independent composition, with 4 females and 1 ethnic minority.

Negative

• Departure of Richard J. Glasier, a long-standing independent director since 2004 may create a gap in institutional knowledge.

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.

 

View original content:https://www.prnewswire.com/news-releases/carnival-corporation--plc-announces-richard-j-glasier-will-not-seek-re-election-301724263.html

SOURCE Carnival Corporation & plc

FAQ

Who is leaving the board of Carnival Corporation & plc in 2023?

Richard J. Glasier will not seek re-election to the Boards of Directors in April 2023.

What changes are happening to the board of Carnival Corporation & plc?

Sara Mathew has joined the board, and Richard J. Glasier along with Arnold Donald and Sir John Parker are departing.

What is the new board composition of Carnival Corporation & plc?

Carnival's board will have 11 members, including 9 independent directors, 4 females, and 1 member from an ethnic minority.

When will the annual meeting for Carnival Corporation & plc be held?

The annual meetings of Carnival Corporation & plc shareholders will take place in April 2023.