Norwegian Cruise Line Holdings Ltd. NCLH said Monday Chief Executive Frank J. Del Rio has decided to retire and step down from this position as president and from the board of directors effective June 30. The company named Harry J. Sommer, who has been chief executive of Norwegian Cruise Line since 2020, as its new CEO effective July 1. Del Rio will remain in a consultant capacity as senior adviser to the board through 2025. Sommer will be replaced by David J. Herrera at NCL. Herrera has served as chief consumer sales and marketing officer of NCL since 2021. Del Rio spent three decades in the cruise business and has led the company since 2015. Sommer, 55, has more than 30 years of cruise experience. The stock was slightly higher premarket, but has fallen 37% in the last 12 months, while the S&P 500 SPX has fallen 12%.
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