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MP Materials Corp. (NYSE: MP) has appointed Arnold W. Donald, former CEO of Carnival Corporation, to its board of directors. His extensive experience in corporate leadership and strategic planning is expected to enhance the company's operations at a pivotal time. Mr. Donald emphasizes the potential for MP Materials to diversify supply chains essential to the global economy through innovation and sustainability.
Under Donald’s leadership, Carnival achieved significant profitability and successfully navigated fleet restoration post-COVID-19. MP Materials is a key U.S. producer of rare earth materials, crucial for electrification and advanced technologies.
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Arnold W. Donald's appointment is expected to enhance strategic planning and global operations.
Donald has a successful track record, previously leading Carnival Corporation to high profits.
His experience may help MP Materials diversify supply chains essential for the global economy.
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LAS VEGAS--(BUSINESS WIRE)--
MP Materials Corp. (NYSE: MP) announced today that Arnold W. Donald has been elected to the company’s board of directors. Mr. Donald brings decades of experience in corporate leadership and a track record of value creation to MP Materials. He is the former President and CEO of Carnival Corporation and currently serves as a Director of Bank of America Corporation and Salesforce, Inc.
Arnold W. Donald has been elected to the board of directors of MP Materials Corp. (NYSE: MP), a U.S. producer of rare earth materials vital to electrification and advanced technology. (Photo: Business Wire)
“Arnold’s knowledge and passion will add depth to our board at a critical time,” said MP Materials Chairman and CEO, James Litinsky. “His extensive experience in strategic planning and global operations will help us grow the company thoughtfully as we fulfill our mission.”
“I am inspired by MP Materials’ mission and the potential to diversify a supply chain vital to the global economy,” said Arnold Donald. “Through innovation and an unwavering commitment to sustainability, MP Materials has a tremendous opportunity to make a positive impact.”
Mr. Donald served as President and CEO of Carnival Corporation from 2013 to 2022, accumulating extensive experience in strategic planning, risk management, and governance. During his tenure, he helped Carnival achieve the highest profits in its history and oversaw the successful return of Carnival’s fleet into service following the COVID-19 pandemic. Mr. Donald was appointed CEO after serving as a Director of Carnival Corporation and Carnival plc.
Earlier in his career, Mr. Donald served as CEO of The Executive Leadership Council, The Juvenile Diabetes Research Foundation, and Merisant. In addition, Mr. Donald held several senior leadership positions with global responsibilities at Monsanto over a more than 20-year tenure, including President of its Agricultural Group and President of its Nutrition and Consumer Sector.
Mr. Donald earned a B.A. in economics from Carleton College, a B.S. in mechanical engineering from Washington University in St. Louis, and an M.B.A. from The University of Chicago Booth School of Business.
About MP Materials
MP Materials (NYSE: MP) produces specialty materials that are vital inputs for electrification and other advanced technologies. MP’s Mountain Pass facility is America’s only scaled rare earth production source. The company is currently expanding its manufacturing operations downstream to provide a full supply chain solution from materials to magnetics. More information is available at https://mpmaterials.com/.
