Statement re directors' responsibilities
CARNIVAL CORPORATION & PLC ANNOUNCES REALIGNMENT OF RESPONSIBILITIES AMONG
EXECUTIVE DIRECTORS
MIAMI (04/24/03) - Carnival Corporation & plc (NYSE; LSE: CCL) today announced
a senior management realignment of the company's executive directors who have
specific brand responsibilities.
Peter Ratcliffe will continue to be responsible for Los Angeles-based Princess
Cruises and Seattle-based Princess Tours and will also be responsible for all
of Carnival's U.K.-oriented brands, including Cunard Line Ltd. (which includes
Cunard Line and Seabourn Cruise Line), P&O Cruises, Ocean Village and Swan
Hellenic. Pamela Conover, president of Cunard Line, and David Dingle, managing
director of P&O Cruises (U.K.), will report to Ratcliffe. Ratcliffe will also
oversee P&O Cruises' Australian operations with Gavin Smith, managing director,
continuing to report to him.
Pier Luigi Foschi will continue to have responsibility for Genoa, Italy-based
Costa Cruises and will also assume responsibility for the corporation's German
cruise companies, which include Seetours and the AIDA and A'ROSA cruise brands.
Lars Clasen, president of Seetours, will report directly to Foschi.
Bob Dickinson will continue to be responsible for Miami-based Carnival Cruise
Lines, the largest of Carnival Corporation's cruise brands.
A. Kirk Lanterman will maintain responsibility for Seattle-based Holland
America Line and Holland America Tours, as well as Windstar Cruises.
All four executive directors will continue to report to Carnival Corporation &
plc
Chairman and CEO Micky Arison and Vice Chairman Howard Frank.
"We anticipate that placing all U.K.-oriented brands under the leadership of
Peter Ratcliffe and all mainland European brands under Pier Luigi Foschi will
contribute significantly to the streamlining of communications and acceleration
of synergy opportunities among those groups," said Howard Frank, vice chairman
of Carnival Corporation & plc.
"At the same time, Bob Dickinson and Kirk Lanterman, who are the well
established and respected leaders of two of the cruise industry's most
successful cruise brands, will continue in their existing roles," he added.
"In our view, these four individuals comprise the most talented management
group in the cruise industry," Frank added.
Carnival Corporation & plc is the largest cruise vacation company in the world,
with a portfolio of 13 distinct brands comprised of the leading cruise
operators in both North America and Europe. Carnival Cruise Lines, Holland
America Line, Windstar Cruises, Seabourn Cruise Line, Cunard Line, Costa
Cruises, Princess Cruises, P&O Cruises, Ocean Village, Swan Hellenic, AIDA,
A'ROSA, and P&O Cruises Australia are all included in this group. Together,
these brands operate 66 ships totaling more than 100,000 lower berths with 17
new ships scheduled for delivery between now and mid-2006. It also operates
three riverboats on Europe's Danube River and the leading tour companies in
Alaska and the Canadian Yukon, Holland America Tours and Princess Tours. Traded
on both the New York and London Stock Exchanges, Carnival Corporation & plc is
the only company in the world to be included in both the S&P 500 and the FTSE
100 indices.
CONTACT:
Sophie Fitton/Sarah Tovey
Brunswick Group
+44 20 7404 5959
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