8-KLeadership ChangesExhibits & Filings

CARNIVAL CORP 8-K Report, Executive Changes (Jun 22, 2007)

Filed June 22, 2007For Securities:CCL

Summary

This 8-K filing announces significant leadership changes within Carnival Corporation and Carnival plc, primarily concerning the P&O Princess Cruises International division. Peter Ratcliffe, the current CEO of P&O Princess Cruises International, has announced his retirement from that role, effective March 6, 2008. While Mr. Ratcliffe will transition out of his CEO position, he will remain on the Boards of Directors for both Carnival Corporation and Carnival plc, and will provide advisory support during the transition. In light of these changes, Carnival has implemented immediate executive promotions. David Dingle has been appointed CEO of Carnival UK, overseeing the company's British brands. Concurrently, Alan Buckelew, formerly president of Princess Cruises, has been promoted to CEO of Princess Cruises. These leadership adjustments are designed to ensure a smooth transition and continued strategic direction for key operational segments of the company.

Key Highlights

  • 1Peter Ratcliffe, CEO of P&O Princess Cruises International, will retire from his CEO role on March 6, 2008.
  • 2Mr. Ratcliffe will continue to serve on the Boards of Directors of Carnival Corporation and Carnival plc.
  • 3David Dingle has been promoted to CEO of Carnival UK, effective immediately (June 21, 2007).
  • 4David Dingle will oversee P&O Cruises, Ocean Village, Cunard Line, and chair the Carnival plc Management Committee for P&O Cruises Australia.
  • 5Alan Buckelew has been promoted to CEO of Princess Cruises, effective immediately (June 21, 2007).
  • 6Mr. Ratcliffe will provide assistance and advice through the March 2008 transition period.
  • 7This filing also lists a press release dated June 21, 2007, as an exhibit.

Frequently Asked Questions

While Peter Ratcliffe is retiring as CEO of P&O Princess Cruises International effective March 6, 2008, the filing details immediate promotions for David Dingle to CEO of Carnival UK and Alan Buckelew to CEO of Princess Cruises. The specific successor for the overall P&O Princess Cruises International CEO role is not explicitly named in this filing, but these appointments suggest a divisional leadership realignment.

No, Peter Ratcliffe will not be leaving the company entirely. He will retire as CEO of P&O Princess Cruises International but will continue to serve on the Boards of Directors of Carnival Corporation and Carnival plc. He will also remain to assist and advise through the transition period until March 2008.

David Dingle has been promoted to CEO of Carnival UK, with responsibility for P&O Cruises, Ocean Village, and Cunard Line, and will also chair the Carnival plc Management Committee for P&O Cruises Australia. Alan Buckelew has been promoted to CEO of Princess Cruises.

The promotions of David Dingle and Alan Buckelew are effective as of June 21, 2007. Peter Ratcliffe's retirement as CEO of P&O Princess Cruises International is effective March 6, 2008.