Company replaces chief executive of more than 30 years
Carnival Corp. says it is replacing its chief executive of more than 30 years. This follows a number of high-profile incidents on its ships that have damaged bookings this year.
Micky Arison, CEO since 1979 and son of the company’s co-founder Ted Arison, is being replaced by Arnold W Donald, who has been on the board for 12 years. However, Arison will remain as chairman of the board.
The most dramatic of the mishaps was a mechanical problem on the Carnival Triumph where passengers were stranded at sea for five days as toilets overflowed, air conditioners failed and raw sewage flowed along the corridors. During that crisis, Arison went to a basketball game featuring a team he owned.
“We remain focused on reducing our fuel dependence,” he said this week. “By year end, we will achieve a 23% cumulative reduction in fuel consumption since 2005 and expect our research and development efforts in fuel saving technologies to continue to bear fruit.”
[pictured: Carnival Legend, which broke loose in a storm this spring; photo: Carnival Cruise Lines]