Norwegian Cruise Line Holdings Ltd. (the “Company”) (NYSE: NCLH), a
leading global cruise company which operates the Norwegian Cruise
Line, Oceania Cruises and Regent Seven Seas Cruises brands, today
announced the appointment of Andrea DeMarco to Chief Sales and
Marketing Officer for Regent Seven Seas Cruises. Jessica John has
been promoted to Vice President of Investor Relations, Corporate
Communications and ESG for Norwegian Cruise Line Holdings. Both
women will assume their new roles beginning September 1, 2021.
“We continuously look for opportunities to
further build our leadership bench strength and Andrea’s proven
track record of success and extensive experience across the
business including investor relations, ESG, sales and marketing,
FP&A and revenue management made her the ideal candidate for
this newly created role,” said Frank Del Rio, president and chief
executive officer of Norwegian Cruise Line Holdings Ltd. “As Chief
Sales and Marketing Officer for Regent Seven Seas Cruises she will
work side-by-side with Regent’s President and CEO, Jason Montague,
bringing additional leadership and executive vision to contribute
to the line’s continued growth and success.”
“Andrea successfully represented our Company to
Wall Street since our initial public offering in 2013 and has
developed a great successor in Jessica John, who played an
instrumental role in many aspects of our COVID-19 pandemic response
as well as the development of our Company’s global ESG strategy,”
said Mark A. Kempa, executive vice president and chief financial
officer of Norwegian Cruise Line Holdings Ltd. “I’m thrilled to
congratulate Andrea and Jessica and I’m confident they will
leverage their proven successes in their expanded leadership
roles.”
DeMarco has strong knowledge of the cruise
industry with nearly 20 years of diverse experience spanning
multiple areas of the business. Prior to the appointment, she was
with Norwegian Cruise Line Holdings for nine years, most recently
serving as Senior Vice President of Investor Relations, Corporate
Communications and ESG. Throughout her tenure, she successfully
built all three departments under her areas of responsibility from
the ground up. She served as the high-profile face and voice of the
organization to Wall Street and business and financial media and
was consistently ranked by Wall Street at the top of the
prestigious Institutional Investor All-American Executive Team
rankings as the #1 Overall Best Investor Relations Officer in the
Leisure sector for two consecutive years.
She was an instrumental part of the management
team that led the Company into previously uncharted territory
including taking the Company public with a highly successful
initial public offering, numerous secondary equity offerings, the
highly successful acquisition of Prestige Cruises International,
Inc., and multiple capital raises amidst the COVID-19 global
pandemic, totaling approximately $20 billion in capital market
transactions.
DeMarco earned a Masters in Finance from Florida
International University and a Bachelors of Science in Finance from
Florida State University.
Since joining Norwegian in November 2019, John
has worked on many aspects of the Company’s COVID-19 crisis
response including multiple capital markets transactions. In
addition, she has played an instrumental role in the development of
the Company’s global ESG strategy and the creation of its first
comprehensive ESG report. She was a part of the executive team that
the Institutional Investor All-American Executive Team annual
survey ranked #1 Overall Best Investor Relations Team and #1
Overall Best Investor Relations Program in the Leisure Sector.
Before joining the Company, she spent eight
years on Wall Street in sell-side equity research roles of
increasing responsibility at Citi and Barclays. She covered various
industries throughout her research tenure including Metals &
Mining, Medical Technology, Non-Life & Life Insurance, Banks
and Healthcare Services and has covered a wide array of global
companies with market capitalizations ranging from a few hundred
million to over $300 billion. She has extensive experience in
building research coverage from the ground up and has participated
in multiple industry and company coverage initiations. She was also
an integral member of several Institutional Investor ranked
research teams, including the #2 ranked team for U.S. Metals &
Mining in 2019.
John earned a Bachelors of Science in Economics
from the University of Pennsylvania’s Wharton School with
concentrations in Finance and Health Care Management &
Policy.
About Norwegian Cruise Line Holdings
Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
is a leading global cruise company which operates the Norwegian
Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.
With a combined fleet of 28 ships with approximately 60,000 berths,
these brands offer itineraries to more than 490 destinations
worldwide. The Company has nine additional ships scheduled for
delivery through 2027, comprising approximately 24,000 berths.
About Regent Seven Seas
CruisesRegent Seven Seas Cruises is the leading luxury
cruise line, delivering An Unrivaled Experience™ for over 25 years.
Carrying no more than 750 guests, the line’s spacious and stylish
ships - Seven Seas Explorer®, Seven Seas Mariner®, Seven Seas
Navigator®, Seven Seas Splendor™, Seven Seas Voyager® and from 2023
Seven Seas Grandeur™ - form The World’s Most Luxurious Fleet™ and
explore more than 450 immersive destinations globally. Offering
Unrivalled Space at Sea™, guests enjoy sumptuous all-suite
accommodations, nearly all with private balconies, which are among
the largest at sea, as well as highly personalized service
throughout lavish public areas and expansive outdoor spaces. Unique
to Regent Seven Seas Cruises, unlimited complimentary shore
excursions are available in every port, making it the only truly
all-inclusive cruise line. Voyage fares also include round-trip
business-class air on intercontinental flights from the U.S. and
Canada, gourmet cuisine in a range of specialty restaurants and
al-fresco dining venues, fine wines and spirits, entertainment,
unlimited internet access, free valet laundry, gratuities, ground
transfers and one-night, pre-cruise hotel packages for guests
staying in Concierge-level suites and higher. For more
information please visit RSSC.com, call 1-844-4REGENT
(1-844-873-2381) or contact a professional travel advisor.
Cautionary Statement Concerning
Forward-Looking Statements
Some of the statements, estimates or projections
contained in this release are “forward-looking statements” within
the meaning of the U.S. federal securities laws intended to qualify
for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical facts contained in this release,
including, without limitation, those regarding our business
strategy, financial position, results of operations, plans,
prospects, actions taken or strategies being considered with
respect to our liquidity position, valuation and appraisals of our
assets and objectives of management for future operations
(including those regarding expected fleet additions, our voluntary
suspension, our ability to weather the impacts of the COVID-19
pandemic and the length of time we can withstand a suspension of
the majority of our fleet’s voyages, our expectations regarding the
resumption of cruise voyages and the timing for such resumption of
cruise voyages, the implementation of and effectiveness of our
health and safety protocols, operational position, demand for
voyages, financing opportunities and extensions, and future cost
mitigation and cash conservation efforts and efforts to reduce
operating expenses and capital expenditures) are forward-looking
statements. Many, but not all, of these statements can be
found by looking for words like “expect,” “anticipate,” “goal,”
“project,” “plan,” “believe,” “seek,” “will,” “may,” “forecast,”
“estimate,” “intend,” “future” and similar words. Forward-looking
statements do not guarantee future performance and may involve
risks, uncertainties and other factors which could cause our actual
results, performance or achievements to differ materially from the
future results, performance or achievements expressed or implied in
those forward-looking statements. Examples of these risks,
uncertainties and other factors include, but are not limited to the
impact of: the spread of epidemics, pandemics and viral outbreaks
and specifically, the COVID-19 pandemic, including its effect on
the ability or desire of people to travel (including on cruises),
which are expected to continue to adversely impact our results,
operations, outlook, plans, goals, growth, reputation, cash flows,
liquidity, demand for voyages and share price; our ability to
comply with the CDC’s Framework for Conditional Sailing Order and
any additional or future regulatory restrictions on our operations
and to otherwise develop enhanced health and safety protocols to
adapt to the pandemic’s unique challenges once operations resume
and to otherwise safely resume our operations when conditions
allow; legislation prohibiting companies from verifying vaccination
status; coordination and cooperation with the CDC, the federal
government and global public health authorities to take precautions
to protect the health, safety and security of guests, crew and the
communities visited and the implementation of any such precautions;
our ability to work with lenders and others or otherwise pursue
options to defer, renegotiate or refinance our existing debt
profile, near-term debt amortization, newbuild related payments and
other obligations and to work with credit card processors to
satisfy current or potential future demands for collateral on cash
advanced from customers relating to future cruises; our need for
additional financing, which may not be available on favorable
terms, or at all, and may be dilutive to existing shareholders; our
indebtedness and restrictions in the agreements governing our
indebtedness that require us to maintain minimum levels of
liquidity and otherwise limit our flexibility in operating our
business, including the significant portion of assets that are
collateral under these agreements; the accuracy of any appraisals
of our assets as a result of the impact of COVID-19 or otherwise;
our success in reducing operating expenses and capital expenditures
and the impact of any such reductions; our guests’ election to take
cash refunds in lieu of future cruise credits or the continuation
of any trends relating to such election; trends in, or changes to,
future bookings and our ability to take future reservations and
receive deposits related thereto; the unavailability of ports of
call; future increases in the price of, or major changes or
reduction in, commercial airline services; adverse events impacting
the security of travel, such as terrorist acts, armed conflict and
threats thereof, acts of piracy, and other international events;
adverse incidents involving cruise ships; adverse general economic
and related factors, such as fluctuating or increasing levels of
unemployment, underemployment and the volatility of fuel prices,
declines in the securities and real estate markets, and perceptions
of these conditions that decrease the level of disposable income of
consumers or consumer confidence; any further impairment of our
trademarks, trade names or goodwill; breaches in data security or
other disturbances to our information technology and other networks
or our actual or perceived failure to comply with requirements
regarding data privacy and protection; changes in fuel prices and
the type of fuel we are permitted to use and/or other cruise
operating costs; mechanical malfunctions and repairs, delays in our
shipbuilding program, maintenance and refurbishments and the
consolidation of qualified shipyard facilities; the risks and
increased costs associated with operating internationally;
fluctuations in foreign currency exchange rates; overcapacity in
key markets or globally; our expansion into and investments in new
markets; our inability to obtain adequate insurance coverage;
pending or threatened litigation, investigations and enforcement
actions; volatility and disruptions in the global credit and
financial markets, which may adversely affect our ability to borrow
and could increase our counterparty credit risks, including those
under our credit facilities, derivatives, contingent obligations,
insurance contracts and new ship progress payment guarantees; our
inability to recruit or retain qualified personnel or the loss of
key personnel or employee relations issues; our reliance on third
parties to provide hotel management services for certain ships and
certain other services; our inability to keep pace with
developments in technology; changes involving the tax and
environmental regulatory regimes in which we operate; and other
factors set forth under “Risk Factors” in our most recently filed
Annual Report on Form 10-K, Quarterly Report on Form 10-Q and
subsequent filings with the Securities and Exchange Commission.
Additionally, many of these risks and uncertainties are currently
amplified by and will continue to be amplified by, or in the future
may be amplified by, the COVID-19 pandemic. It is not possible to
predict or identify all such risks. There may be additional risks
that we consider immaterial or which are unknown. The above
examples are not exhaustive and new risks emerge from time to time.
Such forward-looking statements are based on our current beliefs,
assumptions, expectations, estimates and projections regarding our
present and future business strategies and the environment in which
we expect to operate in the future. These forward-looking
statements speak only as of the date made. We expressly disclaim
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement contained herein to
reflect any change in our expectations with regard thereto or any
change of events, conditions or circumstances on which any such
statement was based, except as required by law.
Investor Relations & Media Contact(305)
468-2339InvestorRelations@nclcorp.com |
Quinn PR Media ContactChristina
Moschetti973-714-2860cmoschetti@quinn.pr |
|
|
Regent Seven
Seas Cruises Media ContactJames Arnold+44 (0)7408
956315jarnold@rssc.com |
Photos accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/ce0e432f-58d9-48af-9685-2cc585fcabf6https://www.globenewswire.com/NewsRoom/AttachmentNg/2b283746-35a3-47cd-b2f6-50dcee68b93a
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