Carnival says it needs 3 years and a new CEO to recover from its recent accidents
Skift Take
Carnival Corp. is a cruise company in crisis months after the Carnival Triumph episode caught the world's attention. The cruise industry was pressured to adopt a passenger bill of rights, Carnival is retrofitting its entire fleet, and now its longtime CEO has given up that role. Definitely not business as usual.
With a jaw-dropping change in the leadership suites at Carnival Corp. announced today, the world's largest cruise company sees a long, tough road ahead for its flagship Carnival Cruise Lines brand, and Carnival tapped as its new CEO an individual with no operational experience in the cruise industry to lead the turnaround.
The backdrop to the board's decision to remove Carnival chairman and CEO Micky Arison's CEO role -- a position he's occupied since 1979 -- and to elevate board member Arnold Donald to the CEO slot, is the view officials espoused today that it will take two to three years for Carnival Cruise Lines to execute a recovery.
In its second quarter financial results, Carnival Corp. revealed that the performance of Carnival Cruise Lines, which just completed $115 million in upgrades and fixes to the now-relaunched Carnival T
