Royal Caribbean Cruises Ltd
) recently declared the promotion of Jason Liberty as the chief
financial officer (CFO) effective immediately. Liberty will
replace Brian Rice who will retire from the company in the spring
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The leaving CFO Brian Rice has served Royal Caribbean immensely
for more than 20 years and played a pivotal role in improving
growth, profitability and efficiency of the company. Hence,
Liberty's new role entrusts him with additional responsibility to
carry on the strong momentum of the company.
However, Rice will remain with Royal Caribbean till the end of
his tenure to ensure a seamless transition and supervise Royal
Caribbean's finance, supply chain, strategy and information
technology functions as the vice chairman. Till then, Jason
Liberty will continue to report to Rice.
Liberty has been employed at Royal Caribbean for around 8 years
and most recently served as Senior Vice President, Strategy and
Finance, monitoring the company's Corporate and Strategic
Planning, Treasury, Investor Relations and Internal Audit
functions. Prior to joining Royal Caribbean, Liberty worked as a
senior manager at the accounting firm KPMG.
The Miami, Fla.-based cruise operator also announced other
managerial changes. It promoted Henry Pujol to the position of
senior vice president and controller. He joined the company in
2004. Pujol will now report to Liberty. Pujol was also a senior
manager in the audit practice of KPMG before joining Royal
We are positive on the aforesaid management churn. Given the
promotees' long alliance with the company, we expect their style
of operation to be similar to their predecessors.
Royal Caribbean currently retains a Zacks Rank #3 (Hold). Other
players in the leisure and recreational industry, which look
attractive at current levels, include
Life Time Fitness Inc.
The Madison Square Garden Company
) carrying a Zacks Rank #2 (Buy). Another company selling
) also carries a Zacks Rank #2.