Royal Caribbean (RCL) announced that Richard Fain, Chair of the Board of Directors since 1988, will be stepping down from his role as Chairman in Q4 2025. Fain will remain as a Director on the Board. Jason Liberty, Royal Caribbean Group President and CEO since January 3, 2022, was elected by the Board of Directors to succeed Fain as Chairman and CEO and will assume the role in Q4 2025. Additionally, John Brock, a member of the Board of Directors since 2014 and current Chair of the Nominating and Corporate Governance Committee, has assumed the role of Independent Lead Director.
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