MIAMI, FL – Carnival Corporation & plc (NYSE:LON:CCL), a leading cruise company, announced today that board member Sara Mathew has decided not to seek re-election and will step down from her position in April 2025. Mathew's departure coincides with the company's annual shareholder meeting, where she has chosen not to stand for re-election to focus on her other business ventures.
Mathew has been a part of the dual-listed company, which operates under the jurisdictions of Panama for Carnival (NYSE:CCL) Corporation and England and Wales for Carnival plc, contributing to the strategic guidance of the company. Under the current leadership, Carnival has achieved revenues of $25 billion in the last twelve months, with analysts maintaining a bullish outlook on the stock. The announcement, filed with the Securities and Exchange Commission (SEC), did not specify who would succeed Mathew on the board.
Carnival Corporation & plc, headquartered in Miami, Florida, with a business address in Southampton, United Kingdom (TADAWUL:4280), is recognized in the water transportation industry under the Standard Industrial Classification (SIC) code 4400. The company's common stock and ordinary shares are traded on the New York Stock Exchange under the symbols CCL and CUK, respectively, with the 1.000% Senior Notes due 2029 also listed under the symbol CUK29.
The company's fiscal year ends on November 30, and it has a long history in the cruise industry, with former names including Carnival Cruise Lines Inc. and P&O Princess Cruises PLC. The forthcoming annual meetings of shareholders, where Mathew's tenure will officially end, are expected to be held in April 2025.
This transition in the company's leadership is based on a recent press release statement and forms part of the normal course of corporate governance. Carnival Corporation & plc has not yet announced any further changes to its board or executive team. Shareholders and the market await further details on the board's composition following Mathew's departure.
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