MIAMI, FL – USA – Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today announced that its board of directors had named its first lead director.
The board elected William L. Kimsey as its lead director. Mr. Kimsey, who is the former chief executive officer of Ernst & Young Global, Ltd., has served on the board since 2003 and is Chairman of the company’s Audit Committee. Mr. Kimsey also serves on the board of directors of Accenture PLC and Western Digital Corporation. As lead director, he will be the liaison between the board’s non-management members and Chairman and Chief Executive Officer Richard D. Fain. He will preside at meetings of the non-management directors, will advise and approve the content and scheduling of board meetings and discussions, and will be available for discussion with major shareholders.
Said Fain: “I’m delighted that Bill Kimsey has agreed to become our lead director. He’s been a consistent source of wise counsel, and his voice will be even more important as we move forward.”
Said Kimsey: “I am pleased by the steps our board has taken to further enhance our corporate governance, and I look forward to working with my fellow directors and management to improve shareholder value.”
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