Norwegian Cruise Line Holdings at the moment introduced the next key organizational modifications on the senior govt management stage efficient January 1, 2023, as a part of its succession planning course of:
- The appointment of Andrea DeMarco, present Chief Gross sales and Advertising Officer for Regent Seven Seas Cruises, as President of Regent Seven Seas Cruises, succeeding Jason Montague.
- The appointment of Frank A. Del Rio, present Chief Gross sales and Advertising Officer for Oceania Cruises, as President of Oceania Cruises, succeeding Howard Sherman.
- To make sure a easy and seamless transition, Montague and Sherman will function Particular Advisors to the Firm.
“We’re grateful to Jason and Howard for his or her important contributions to our Firm’s success and their great achievements at Regent Seven Seas Cruises and Oceania Cruises,” mentioned Frank Del Rio, president and chief govt officer of Norwegian Cruise Line Holdings. “We look ahead to persevering with to companion with them of their new roles as Particular Advisors and benefitting from the wealth of data, expertise and strategic relationships they’ve accrued as leaders within the cruise {industry} for over 20 years.”
Del Rio continued, “Our total administration staff and Board of Administrators are assured that Andrea and Frank are the precise executives to succeed as Presidents of Regent Seven Seas Cruises and Oceania Cruises, respectively. Of their present roles as Chief Gross sales and Advertising Officers for his or her manufacturers they’ve labored side-by-side with Jason and Howard, proving again and again their management acumen, strategic mindsets and skill to ship prime notch outcomes. I’ve little question that they’re ready to take the helm and construct on our important momentum at this vital time as we full our transition to steady-state operations and put together to ship on our industry-leading progress profile.”
“In the present day’s bulletins are the fruits of a strong succession planning course of and replicate the deep bench energy throughout our group,” mentioned Russell W. Galbut, chairman of the Board. “Andrea and Frank are gifted and dynamic leaders who will deliver distinctive, recent and numerous views of their new roles whereas additionally making certain model continuity with their important Firm and cruise {industry} expertise. On behalf of all the Board, I need to congratulate them on their new roles and I additionally need to thank Jason and Howard for his or her dedication, management and collaboration.”
Each DeMarco and Del Rio will now report back to Harry Sommer, president of Norwegian Cruise Line.
In line with the corporate, Andrea DeMarco has practically 20 years of numerous cruise {industry} expertise throughout a number of areas of the enterprise. She has served as Chief Gross sales and Advertising Officer for Regent Seven Seas Cruises since September 2021, throughout a pivotal time for the cruise line because it resumed operations post-pandemic. Previous to this position, DeMarco held varied positions of accelerating duty since becoming a member of the Firm in 2012, together with most just lately as Senior Vice President of Investor Relations, Company Communications and Environmental, Social and Governance for Norwegian Cruise Line Holdings from January 2020 till August 2021. She efficiently represented the Firm to Wall Road since its preliminary public providing and earned quite a few accolades together with recognition because the #1 Total Finest Investor Relations Officer within the Leisure sector within the prestigious Institutional Investor All-American Govt Group rankings. Previous to her time on the Firm, she labored in constitution gross sales and company monetary planning roles at Royal Caribbean Group. DeMarco has an M.B.A. in Finance from Florida Worldwide College and a B.S. in Finance from Florida State College.
“I’m honored to guide the world’s main luxurious cruise line,” mentioned Andrea DeMarco, chief gross sales and advertising and marketing officer for Regent Seven Seas Cruises. “The hard-working and gifted staff at Regent is really unmatched, and I look ahead to contributing to the road’s future progress and success, significantly as we put together for the addition of our latest ship, Seven Seas Grandeur®, in 2023.”
In line with a press launch, Frank A. Del Rio is an {industry} veteran, having began his profession within the cruise {industry} in 2003. Frank A. Del Rio has served as Chief Gross sales and Advertising Officer for Oceania Cruises since March 2022, the place he labored side-by-side with Sherman, and as Senior Vice President, Port Locations and Onboard Income from March 2015 via April 2017. From 2018 till March 2022, Frank A. Del Rio pursued entrepreneurial alternatives within the non-public fairness, finance, and tech areas, the place he was concerned throughout a large spectrum of merchandise and industries, together with AI, telecommunications and 5G community options, medical, and actual property growth, together with serving as Chief Govt Officer of Divinus Life LLC, a specialty supplier of pores and skin and wellness merchandise, from 2018 via 2020. Previous to the Firm’s acquisition of Status Cruises Worldwide S. de R.L. and its subsidiaries (“Status”), Frank A. Del Rio served as Senior Vice President, Port and Vacation spot Companies at Status from 2008 till March 2015 and as Vice President, Vacation spot Companies and Product Growth at Status from 2003 to 2008. Frank A. Del Rio has a B.S./B.A. in Finance and Economics from the College of Florida.
“I look ahead to constructing on the unimaginable momentum we’re experiencing on the famend Oceania Cruises model,” mentioned Frank A. Del Rio, chief gross sales and advertising and marketing officer for Oceania Cruises. “I’m actually humbled and grateful to guide the world-class staff at Oceania and I’m excited for the intense future we have now forward of us on the model and the Firm.”
