Norwegian Cruise Line (NCLH) announced the appointment of five members to its board of directors and a cooperation agreement reached with Elliott Investment Management. John Chidsey, president and CEO has been appointed chairman, Alex Cruz has been appointed lead independent director, and current board directors Stella David, David Abrams, Harry Curtis and Mary Landry have announced their resignations as board members. With these changes, which are effective March 31, the board will comprise nine members, eight of whom are independent. Pursuant to the cooperation agreement, Elliott agreed to customary standstill and voting commitments, among other provisions.
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