Long-time Carnival Corp. president and CEO Arnold Donald will step down from his role on August 1.
Donald, who joined Carnival as CEO in 2013, will continue to serve the company as vice-chair and member of the company's board of directors.
Current chief operations officer Josh Weinstein will assume the role of president and CEO. He has spent two decades with Carnival Corp., including serving as treasurer from 2007 to 2017.
"Josh is a proven executive who is well-respected throughout the company, serving in key leadership roles, driving strong business results during his tenure, and playing an integral part in stewarding the company through the global pandemic," Donald said in a statement.
"Josh's thorough understanding of our industry, operations, and business strategy puts him in a tremendous position to lead the next phase of our company's journey," Donald added.
"I am truly humbled to take up the role of CEO and am honored to lead such a talented team of over 100,000 ship and shoreside team members who do such an incredible job in delivering unforgettable, happy vacations to our guests, day in and day out," Weinstein said.
Donald's nine-year run at the helm of Carnival saw the company achieve its highest profits ever, with an ever-expanding fleet that includes nine different brands: Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard.
He steered the company through the COVID-19 pandemic, the biggest crisis in the history of the industry. Along with its competitors, Carnival Corp. lost billions of dollars and shed more than 20 older ships as it worked to weather the storm.
Weinstein will take over at a time when Carnival Corp. will return to full operation in 2022, with its entire fleet expected to operate cruises.
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