Norwegian Cruise Line Holdings Names New Chairman and Appoints New Director

Norwegian Cruise Line Holdings - NCLH (logo)Norwegian Cruise Line Holdings Ltd. today (June 20, 2018) announced at its 2018 annual general meeting that the Company’s Board of Directors (the “Board”) has appointed Mr. Russell W. Galbut, an independent director of the Board, as Chairman of the Board. In addition, the shareholders of the Company have elected retired U.S. Coast Guard Rear Admiral Mary E. Landry as a new independent director.

Effective June 20, 2018, Mr. Galbut succeeds Mr. Walter Revell, who stepped down from Norwegian’s Board after serving as Chairman for the past three years and on the Board for over two decades.

“On behalf of the Board of Directors and the entire team at Norwegian, I would like to extend our sincere appreciation to Walter for his dedicated service, sage advice, and invaluable contribution as Chairman of the Board,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings and a member of the Company’s Board.

“We look forward to Russell serving as the next Chairman of the Board. His experience and extensive knowledge of the hospitality industry, along with his significant contributions to the Board made him the ideal candidate for the role,” continued Del Rio.

Ms. Landry succeeds Mr. Revell as an independent member of the Board. With the election of Ms. Landry, Norwegian’s Board consists of 10 members, seven of whom are independent. Ms. Landry will also serve as a member of the Company’s Nominating and Governance Committee.

“Mary’s significant experience in maritime operations, various leadership roles within the U.S. Coast Guard and risk management expertise made her a perfect candidate for the Board, and we are confident that her leadership will have a meaningful impact on Norwegian’s future growth,” said Russell Galbut, Chairman of the Board.

About Russell W. Galbut

Mr. Galbut currently serves as the Managing Principal of Crescent Heights, one of America’s largest and most respected residential developers of quality condominiums. Mr. Galbut has been active in the urban mixed-use real estate sector for over 31 years. Crescent Heights has been active in over 15 markets from coast-to-coast and has developed over 50,000 residential units, including pioneering the condo hotel concept.

After graduating from Cornell University School of Hotel Administration, Mr. Galbut became a Florida licensed CPA (currently inactive). In 1980, Mr. Galbut received his J.D. degree from the University of Miami School of Law. Mr. Galbut served as a member of the Board of Directors of Prestige Cruises International S. de R.L. (Prestige) or its predecessor from September 2005 until Norwegian Cruise Line Holdings Ltd.’s acquisition of Prestige in November 2014. He also previously served on several charitable boards, and serves on the Dean’s Advisory Board for the Cornell University School of Hotel Administration.

About Mary E. Landry

Ms. Landry has developed a strong background in maritime operations over the course of her 35-year career with the government including service on the White House National Security Council as Special Assistant to the President and Senior Director for Resilience Policy from 2013 to 2014, and active duty in the U.S. Coast Guard. Her positions with the U.S. Coast Guard included Director, Incident Management Preparedness Policy from 2012 to 2015, Commander, Eighth Coast Guard District from 2009 to 2011, where she oversaw operations for a region including 26 states with over 10,000 active, reserve, civilian, and auxiliary personnel under her command, Director of Governmental and Public Affairs from 2007 to 2009 and various tours from 1980 to 2007, which culminated in her advancement to Rear Admiral.

Ms. Landry received a National Security Fellowship from Harvard University, a M.A. in Marine Affairs from the University of Rhode Island, a M.A. in Management from Webster University and a B.A. in English from the University of Buffalo. Ms. Landry serves as a Director on the Boards of Directors of the United States Automobile Association (USAA) and the SCORE Association and is also a National Association of Corporate Directors Board Leadership Fellow and holds the CERT Certificate in Cybersecurity Oversight.

(Norwegian Cruise Line Holdings Ltd.)


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