Carnival's Ratcliffe to retire in March |
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Thu, 21 Jun 2007 15:27
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MIAMI (AP) - Carnival Corp., the world's largest cruise group, said Thursday P&O Princess Cruises International Chief Executive Peter Ratcliffe will retire in March.Ratcliffe, 59, said in a statement that his goal was to retire by his 60th birthday. He will retire on his birthday, March 6.The company promoted David Dingle to CEO of Carnival UK, whose brands include P&O Cruises, Ocean Village and Cunard Line. He will also serve as chairman of the Carnival PLC management committee with responsibility for P&O Cruises Australia.Dingle previously served as managing director of Carnival UK.Alan Buckelew was also promoted to CEO of Princess Cruises. He has served as president of Princess Cruises since February 2004.Both Dingle and Buckelew's promotions are effective immediately, with Ratcliffe assisting and advising the executives through March.------------------Questions or comments about this story should be directed to AP Financial News at 212-621-7190.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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