Carnival CEO Arnold Donald Is Stepping Down
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Donald has had to deal with the biggest crisis ever to hit the cruise industry, and leaves the company in still-uncharted waters with an uncertain path to recovery.
Arnold Donald, Carnival Corp.'s president and CEO, is stepping down, the world's largest cruise company announced Tuesday. Donald's last day will be Aug. 1, where he will be appointed vice chair and member of the boards of directors.
The move comes as Carnival is struggling to overcome the hardships of the pandemic and return to profitability.
Chief operations officer Josh Weinstein will replace the 68-year-old Donald who became CEO in 2013 in an effort to turn around the cruise giant.
A 20-year veteran at the cruise line, Weinstein has most recently been oversee
