Summary
Royal Caribbean Cruises Ltd. (RCL) announced a significant addition to its Board of Directors with the appointment of Amy C. McPherson, effective December 21, 2020. Ms. McPherson brings extensive experience from her over 30-year tenure at Marriott International, Inc., where she most recently led European operations, successfully integrating new brands and the Starwood Hotels acquisition in that region. Her appointment is effective immediately and she has been deemed an independent director by the Board, aligning with NYSE listing standards and the company's governance principles. Investors can note that Ms. McPherson will receive standard compensation for non-management directors, as detailed in the company's proxy statement. Her proven track record in global hospitality and board experience, including her current role with PVH Corporation, is expected to bring valuable strategic insights to Royal Caribbean.
Key Highlights
- 1Appointment of Amy C. McPherson to the Board of Directors, effective immediately.
- 2Ms. McPherson is a former President & Managing Director of Europe for Marriott International, Inc., with over 30 years of experience.
- 3Her leadership at Marriott included launching new brands and integrating the Starwood Hotels acquisition in Europe.
- 4The Board has determined Ms. McPherson qualifies as an independent director.
- 5She currently serves as a non-executive director for PVH Corporation, sitting on its Audit and Nominating & Governance Committees.
- 6Ms. McPherson will receive compensation consistent with other non-management directors.