Alex (Yucheng) Xiang Promoted to Managing
Director of China
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) (the “Company”)
today announced enhancements to the organizational structure of its
Asia Pacific operations that will enable it to further leverage the
extensive corporate resources and expertise already in place in the
region and continue to strengthen its presence in the Chinese
cruise market.
Steve Odell, Senior Vice President &
Managing Director Asia Pacific, has expanded his role to include
the Company’s China operations along with the greater Asia Pacific
region. Alex (Yucheng) Xiang has been promoted to Managing Director
of the Company’s China operations, reporting to Odell. David
Herrera, previously President of the Company’s China operations and
based in Shanghai, will relocate back to Miami as Senior Vice
President of Strategy and Corporate Development.
Since establishing the Company’s offices in
Shanghai and Beijing in 2015 and working closely with travel
partners and government officials, Herrera has positioned the
Company for long-term success in China. Under Herrera’s leadership,
the team successfully launched the first Norwegian Cruise Line ship
based in China, Norwegian Joy, in 2017. With an established local
team, a ship purpose-built for the Chinese cruise market and a
commitment to delivering on Norwegian Cruise Line’s ‘First Class at
Sea’ promise, Herrera and his team achieved the fastest growth of
any market for the Company in 2017. Carrying this momentum forward,
Norwegian Joy will sail its first full year in the market in 2018,
essentially doubling the Company’s capacity in the region. As
he takes on this new role, Herrera will report directly to Frank
Del Rio, president and chief executive officer of Norwegian Cruise
Line Holdings Ltd.
“In his expansive new role, David will preside
over our global corporate initiatives from our headquarters in
Miami,” said Frank Del Rio, president and chief executive officer
of Norwegian Cruise Line Holdings Ltd. “Since our
announcement to enter the Chinese cruise market, David has led our
local efforts and has positioned us for continued growth. We
are thrilled with what he and the team have achieved in China and
look forward to further success in this market.”
As part of this new organizational structure,
Alex (Yucheng) Xiang, has been promoted to Managing Director of the
Company’s China operations and will serve as the first senior
officer in the region. Xiang has been with the China team
since day one as Vice President of Sales and has played a critical
role in the region’s success to date. His promotion is effective
February 2, when he will assume leadership of the dedicated teams
in Shanghai and Beijing. Prior to joining the Company, he
held a number of senior executive roles in sales, marketing and
business development, including Deputy General Manager, Sales &
Marketing in China for Royal Caribbean Cruise Service (China) Co.
Ltd.
“We are thrilled to have someone of Alex’s
caliber to lead our operations in China,” said Harry Sommer,
Executive Vice President, International Business Development for
Norwegian Cruise Line Holdings Ltd. “I have worked closely with
Alex since he joined the team, and he has been an integral part of
every success we have achieved. I have full confidence
that Alex will continue the great work David started in the region
and continue to lead our China team from one success to the
next.”
Steve Odell will take on an expanded role
overseeing the greater Asia Pacific region, including China.
Odell joined the Company in October 2015 to spearhead the launch of
the Company’s Asia Pacific headquarters in Sydney, bringing with
him 30 years of cruise industry experience, 17 of those in Asia. In
his expanded role, he is responsible for the strategic expansion,
vision and continued growth of the Company’s presence in the fast
growing Asia Pacific market. He is currently Chairman of CLIA
Australasia and a founding board member of the Asia Cruise
Association. Odell will continue to report to Harry
Sommer.
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 25 ships with
approximately 50,400 berths, these brands offer itineraries to more
than 510 destinations worldwide. The Company will introduce seven
additional ships through 2025, and has an option to introduce two
additional ships for delivery in 2026 and 2027.
Norwegian Cruise Line is the innovator in cruise
travel with a 50-year history of breaking the boundaries of
traditional cruising. Most notably, Norwegian revolutionized
the cruise industry by offering guests the freedom and flexibility
to design their ideal cruise vacation on their schedule with no set
dining times, a variety of entertainment options and no formal
dress codes. Today, Norwegian invites guests to enjoy a relaxed,
resort-style cruise vacation on some of the newest and most
contemporary ships at sea with a wide variety of accommodations
options, including The Haven by Norwegian®, a luxury enclave with
suites, private pool and dining, concierge service and personal
butlers. Norwegian Cruise Line sails around the globe, offering
guests the freedom and flexibility to explore the world on their
own time and experience up to 27 dining options, award-winning
entertainment, superior guest service and more across all of the
brand’s 15 ships.
Oceania Cruises offers an unrivaled vacation
experience renowned for the finest cuisine at sea and
destination-rich itineraries that span the globe. Expertly crafted
voyages aboard designer-inspired, intimate ships call on ports
across Europe, Asia, Africa, Australia, New Zealand, the South
Pacific and the Americas.
Celebrating its 25th anniversary in 2017, Regent
Seven Seas Cruises offers the industry’s most inclusive luxury
experience aboard its all-suite fleet. A voyage with Regent Seven
Seas Cruises includes all-suite accommodations, round-trip domestic
air and business-class air on intercontinental flights from U.S.
and Canada, highly personalized service, exquisite cuisine, fine
wines and spirits, unlimited internet access, sightseeing
excursions in every port, gratuities, ground transfers and a
pre-cruise hotel package for guests staying in concierge-level
suites and higher.
Cautionary Statement Concerning
Forward-Looking StatementsCertain statements in this
release constitute 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 and objectives of
management for future operations (including expected fleet
additions, development plans, objectives relating to our activities
and expected performance in new markets), 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: 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; adverse events impacting the
security of travel, such as terrorist acts, armed conflict and
threats thereof, acts of piracy, and other international events;
the risks and increased costs associated with operating
internationally; our expansion into and investments in new markets;
breaches in data security or other disturbances to our information
technology and other networks; the spread of epidemics and viral
outbreaks; adverse incidents involving cruise ships; changes in
fuel prices and/or other cruise operating costs; any impairment of
our tradenames or goodwill; our hedging strategies; our inability
to obtain adequate insurance coverage; our substantial
indebtedness, including the ability to raise additional capital to
fund our operations, and to generate the necessary amount of cash
to service our existing debt; restrictions in the agreements
governing our indebtedness that limit our flexibility in operating
our business; the significant portion of our assets pledged as
collateral under our existing debt agreements and the ability of
our creditors to accelerate the repayment of our indebtedness;
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; fluctuations in
foreign currency exchange rates; overcapacity in key markets or
globally; our inability to recruit or retain qualified personnel or
the loss of key personnel; future changes relating to how external
distribution channels sell and market our cruises; our reliance on
third parties to provide hotel management services to certain ships
and certain other services; delays in our shipbuilding program and
ship repairs, maintenance and refurbishments; future increases in
the price of, or major changes or reduction in, commercial airline
services; seasonal variations in passenger fare rates and occupancy
levels at different times of the year; our ability to keep pace
with developments in technology; amendments to our collective
bargaining agreements for crew members and other employee relation
issues; the continued availability of attractive port destinations;
pending or threatened litigation, investigations and enforcement
actions; 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 and subsequent filings by the Company with the Securities and
Exchange Commission. 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 ContactsAndrea
DeMarco (305) 468-2339InvestorRelations@nclcorp.com
Jordan Kever(305) 436-4961
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