Who is Maritza G. Montiel and what is her background?

Maritza G. Montiel is a newly appointed director at Royal Caribbean Cruises Ltd. She previously served as Deputy Chief Executive Officer and Vice Chairman of Deloitte LLP until her retirement in May 2014. Her career at Deloitte spanned many years in senior management and advisory roles, including as an Advisory Partner for numerous engagements where Deloitte was the principal auditor. She currently serves on the Boards of AptarGroup, Inc. and McCormick & Company.

How does Ms. Montiel's appointment affect the Board of Directors?

Ms. Montiel's appointment increases the size of the Royal Caribbean Cruises Ltd. Board of Directors from 11 to 12 members. This expansion may signal a strategic decision to enhance board diversity or bring in specific expertise.

Is Ms. Montiel considered an independent director?

Yes, the Board of Directors has determined that Ms. Montiel is an independent director under the New York Stock Exchange listing standards and Royal Caribbean's own corporate governance principles.

What compensation will Ms. Montiel receive?

Ms. Montiel will receive the same fees and compensation as other non-management directors for her services on the Board. Specific details of director compensation can be found in the Company's definitive proxy statement filed on April 17, 2015.

RCL 8-K: Leadership Changes

Summary

Royal Caribbean Cruises Ltd. (RCL) announced on December 16, 2015, an important change to its Board of Directors. The company has appointed Maritza G. Montiel to join the Board, effective December 18, 2015. This appointment increases the size of the Board to 12 directors and is a strategic move to bring in new expertise. Ms. Montiel brings a wealth of experience from her extensive career at Deloitte LLP, where she held senior leadership positions including Deputy Chief Executive Officer and Vice Chairman. Her background includes significant financial oversight and advisory roles, making her appointment potentially valuable for governance and strategic direction. The Board has affirmed her independence, ensuring continued adherence to corporate governance standards.

Key Highlights

1Maritza G. Montiel appointed as a new director to the Board, effective December 18, 2015.
2The Board of Directors size will increase to 12 members with Ms. Montiel's appointment.
3Ms. Montiel has significant experience as Deputy CEO and Vice Chairman of Deloitte LLP.
4Her background includes extensive experience in senior management and advisory roles at Deloitte.
5The Board has determined Ms. Montiel meets the criteria for an independent director.
6Ms. Montiel will receive compensation consistent with other non-management directors.

ROYAL CARIBBEAN CRUISES LTD 8-K Report, Executive Changes (Dec 16, 2015)

Summary

Key Highlights

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