Richard D. Fain
Chairman and Chief Executive Officer
Royal Caribbean Group
Richard D. Fain serves as chairman and chief executive officer of Royal Caribbean Group (NYSE: RCL). The Group owns and operates Royal Caribbean International, Celebrity Cruises, Silversea Cruises and Azamara. Additionally, Royal Caribbean Group is part of joint ventures that operate TUI Cruises and Hapag-Lloyd Cruises. The company’s 62 ships carry more than 6 million guests a year to ports on all seven continents.
Since taking the helm of Royal Caribbean in 1988, Fain has guided the company’s growth to its current place on the S&P 500, as well as its repeat listing by the Ethisphere Institute as a World’s Most Ethical Company. Twice, Barron’s has named him one of the World’s 30 Best CEOs for his vision and changing the course of the industry.
Fain serves on the Board of Trustees of the University of Miami and is on the Executive Committee of the World Travel and Tourism Council. He has been recognized with the Federal Maritime Commission’s Earth Day Award, the Travel Weekly Lifetime Achievement Award, the South Florida Business Lifetime Achievement Award, the Ellis Island Medal of Honor, and membership in the South Florida Business Hall of Fame. The French government honored Fain as a Chevalier de la Legion d’Honneur, while the Finnish government named him a Commander, First Class, of the Order of the Lion.
Fain holds a B.S. degree in economics from the University of California at Berkeley and an M.B.A. from the Wharton School of Business at the University of Pennsylvania. Fain and his wife Colleen, have four children and seven extraordinary grandchildren.
President and Chief Executive Officer
Lisa Lutoff-Perlo was appointed president and CEO of Celebrity Cruises in December 2014, overseeing operations of the brand known for its modern luxury and highly personalized customer service. Previously, she was executive vice president, operations for Royal Caribbean International, overseeing several critical areas for the global cruise brand. These areas include Marine and Hotel Operations.
In her previous role, Lutoff-Perlo led the development and launch of the next generation of Royal Caribbean cruise ships, the Quantum class. Beginning with Quantum of the Seas, which debuted in the fall of 2014, Anthem of the Seasdebuting in spring 2015, and the third in the series to be delivered in 2016, the Quantum ships will make another leap in vessel design with diverse features to create a comfortable yet exciting experience for guests. These include more game-changing “firsts at sea” such as Dynamic Dining, Ripcord by iFly, a skydiving experience; Northstar, a thrilling adventure that transports guests more than 300 feet in the air on a breathtaking journey; and cutting-edge transformative venues including the largest indoor sports and entertainment complex at sea with bumper cars, roller skating and more.
In addition, Lutoff-Perlo spearheaded the introduction of a third and fourth Oasis-class ship, currently on order and set to be delivered in 2016 and 2018. The Oasis class of ships with Oasis of the Seas and Allure of the Seas are currently the world’s largest and most revolutionary cruise ships.
Lutoff-Perlo has held a variety of roles during her 29-year tenure with Royal Caribbean Cruises Ltd. and most recently served as Celebrity Cruises’ senior vice president, hotel operations, where she played a vital role in shaping extraordinary guest experiences for the brand and spearheaded the introduction of the widely heralded, $3.7 billion Solstice-class fleet.
In other previous positions with the company, Lutoff-Perlo served as Royal Caribbean International’s associate vice president, Product Marketing, Strategic Alliances and Multicultural Marketing. In that capacity, she led the development of a number of initiatives, including Royal Caribbean’s widely praised launch of Freedom of the Seas with the Flowrider Surf Simulator, and strategic alliances with brands such as Discovery Television, Seattle’s Best Coffee, Johnny Rockets, Fisher Price and Crayola. She also had responsibility for all marketing and advertising initiatives within the domestic African American and Hispanic markets.
PRESIDENT & CHIEF EXECUTIVE OFFICER
Roberto Martinoli is the President and Chief Executive Officer of Silversea Cruises. Since joining Silversea in 2016, Martinoli has overseen the growth of the industry’s leading ultra-luxury cruise line, which sails to over 900 destinations across all seven continents—more than any other cruise line.
Martinoli was at the helm when, in July 2018, the Royal Caribbean Group acquired a two-thirds share in Silversea Cruises, and, subsequently, when the Group completed the full acquisition in June 2020.
With the Group’s full support, the experienced cruise industry professional is currently overseeing the realisation of Project Invictus, a long-term plan to grown and enhance Silversea’s fleet of ultra-luxury ships. Adding to the cruise line’s fleet of nine, Martinoli and Silversea are looking forward to the launch of three new vessels: Silver Dawn and two Evolution-class ships—each of which will push boundaries in the ultra-luxury cruise segment when they launch in November 2021, 2023 and 2024, respectively.
Since beginning his career in 1976 with his family’s ship management and consulting business, Martinoli has held a number of executive positions at various major cruise lines and maritime companies around the world. Before joining Silversea, Martinoli was the Chairman and Chief Executive Officer of Grandi Navi Veloci, a leading Ferry Company in the western Mediterranean. Prior to this, he was President and Chief Operating Officer of Norwegian Cruise Line, as well as Advisor to Apollo Management (2008 – 2009). Martinoli also served as Executive Vice President of Operations at Carnival Cruise Lines (2000 – 2008) and Senior Vice President at Costa Crociere (1997 – 2000).
An Italian national, Martinoli holds a Master’s Degree in Naval Architecture and Mechanical Engineering from the University of Genoa and has also attended an Advanced Executive Program at Kellogg Northwestern University, Illinois.
Executive Vice President, Maritime & Newbuilding
Royal Caribbean Group
Harri Kulovaara, executive vice president, Maritime & Newbuilding, has led the design and construction of several of the world’s most innovative cruise ships for all of the various brands within Royal Caribbean Group.
Under Kulovaara’s leadership and vision, Royal Caribbean launched the world’s first “smart ship,” Quantum of the Seas, in 2014. He led the design and innovation behind the world’s largest and most revolutionary cruise ship, Oasis of the Seas in 2009 and, sister-ship Allure of the Seas in 2010, both of which introduced unique industry “firsts” that redefined the cruise vacation experience. Kulovaara is also the creative force behind Celebrity Cruises’ five Solstice-class ships, heralded for their stunning and stylish design.
A cruise industry veteran of more than 40 years, Kulovaara previously served as senior vice president, Marine Operations and Fleet Operations, when Royal Caribbean Cruises Ltd. combined its marine operations and quality assurance functions. Prior to joining Royal Caribbean in 1995, Kulovaara served as executive vice president and chief operating officer for Oy Silja Line AB, a leading cruise ferry operator based in Finland. He also was named executive vice president for Silja Line’s parent company, Effjohn Oy Ab.
In addition to being the chairman of Royal Caribbean’s Maritime Advisory Board, Kulovaara is one of the founding members of the Cruise Ship Safety Forum and the current chairman of its Steering Committee. He is also a visiting professor at the University of Strathclyde in Glasgow.
Kulovaara is a naval architect and holds a Master of Science degree in Civil Engineering from the Technical University of Helsinki in Finland. In 2015, Harri received an honorary Doctor of Science degree from the University of Strathclyde in recognition of his continuous safety improvement efforts through innovation in the maritime industry.
General Counsel, Corporate Secretary and Chief Compliance Officer
Royal Caribbean Group
Bradley H. Stein is senior vice president, general counsel, corporate secretary and chief compliance officer of Royal Caribbean Group. With a staff of more than 40 employees, Stein oversees the corporate legal group, the litigation and claims group and the global compliance and ethics group for the company’s various brands. Stein joined Royal Caribbean Cruises Ltd. in 1992. In 2006 he was appointed general counsel and also held positions as deputy general counsel and assistant general counsel. Stein worked in private practice in Miami and New York before he joined the company.
Stein received his law degree from New York University School of Law and his undergraduate degree from Brown University, magna cum laude. He is a member of the Florida and New York Bar associations.
President and Chief Executive Officer
Royal Caribbean International
Seasoned travel and hospitality executive Michael Bayley was named President and CEO of Royal Caribbean International, the world’s largest cruise brand, in December 2014. Bayley’s career with the brand’s parent company, Royal Caribbean Cruises Ltd. (RCL), spans 30 years. In his former role as President and CEO of Celebrity Cruises, Bayley delivered strong results while building the company’s “Modern Luxury” positioning, which resonated successfully with Celebrity’s sophisticated customer base
Prior to that Bayley was Executive Vice President of Operations for Royal Caribbean International, where he oversaw the brand’s Hotel Operations; Marine Operations for Royal Caribbean International and Azamara Club Cruises; Land Operations for Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises, and Commercial Development for RCL.
Prior to that, as RCL’s Executive Vice President, International, Bayley was responsible for the strategic international business development of three of the company’s cruise lines: Azamara Club Cruises, Celebrity Cruises and Royal Caribbean International. Over the course of just four years, he established 11 regional offices around the world, which now generate more than 50 percent of the corporation’s total revenue.
Earlier, Bayley served as Senior Vice President, Hotel Operations for Royal Caribbean International, leading the worldwide hotel operations and onboard revenue of 21 cruise ships and 30,000 employees. Prior to that, he served as Chairman and Managing Director of Island Cruises plc, a joint venture cruise line and tour operator begun in 2002 by RCL and British tour operator First Choice Holidays.
Bayley began his career with the company in 1981, working in a variety of shipboard and shoreside positions with increasing management responsibility, including that of Vice President of Total Guest Satisfaction, Fleet Operations. He also served as Vice President for Caesars Palace Hotel and Casino, one of the world’s largest premium gaming resorts, in Las Vegas.
A native of the United Kingdom, Bayley graduated with a degree in business administration from the University of Bournemouth in England, and has attended management programs at Harvard Business School and Ross School of Business at the University of Michigan. He is a member of the board of SteamShip Mutual in London, U.K.
Bayley has two children and lives in Miami, Fla.
Jason T. Liberty
Executive Vice President, Chief Financial Officer
Royal Caribbean Group
Jason Liberty is executive vice president and chief financial officer for Royal Caribbean Group, responsible for overseeing the company’s Treasury, Accounting, Corporate, Strategic and Revenue Planning, Corporate Development, Information Technology, Supply Chain, Risk Management, Legal, Port Operations, Deployment, Internal Audit and Investor Relations.
Since joining the company in 2005, Liberty held several senior management positions. He was appointed senior vice president of Finance and Strategy, responsible for Treasury, Strategic and Corporate Planning, Investor Relations and Deployment and before that served as vice president of Corporate and Strategic Planning, in charge of Corporate, Capital and Strategic Planning, Energy Management, Revenue Planning and Systems and Insurance.
Liberty was a senior manager with the accounting firm KPMG LLP, before he joined Royal Caribbean Cruises Ltd.
Mr. Liberty earned his MBA from the University of North Carolina at Chapel Hill, Kenan-Flagler Business School. In addition, Mr. Liberty holds degrees in accounting and finance from the University of Miami School of Business and Indiana University, Bloomington, Kelley School of Business, respectively.
Liberty lives in Weston, Florida, with his wife Erica and their four children.