Frank J. Del Rio
President and Chief Executive Officer, Norwegian Cruise Line Holdings Ltd.
Frank J. Del Rio is the president and chief executive officer of S&P 500 company Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), comprised of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Del Rio assumed this role in January 2015.
Under his leadership, Norwegian Cruise Line Holdings has grown to a fleet of 25 ships and has achieved significant milestones, including double digit annual revenue and adjusted EPS growth; launching the first sailings to Cuba from an established North American cruise brand; and the successful introduction of new vessels for each of the Company's three brands, including the company's first ship customised and dedicated for the Chinese market. The Company also has firm orders for seven additional cruise ships to be delivered from 2018 through 2025.
Del Rio was previously chairman and CEO for Prestige Cruise Holdings, Inc., the parent company operating both Oceania Cruises and Regent Seven Seas Cruises. Del Rio founded Oceania Cruises in 2002, and in doing so, created a new "upper premium" segment of the cruise industry. Under his leadership the line has grown from a fledgling start-up with one 684-passenger ship to a dominant player in the upscale cruise market with 6 ships totaling 5300 berths, including the addition of two highly acclaimed 1,250-passenger sister ships, Marina and Riviera.
With Del Rio at the helm, Oceania Cruises quickly became widely recognised for offering the finest cuisine at sea, outstanding personalised service and award-winning itineraries all at an extraordinary value. Under Del Rio's direction, Prestige Cruise Holdings acquired luxury cruise operator Regent Seven Seas Cruises in 2008 from the Carlson Company and quickly completed a turnaround which positioned Regent Seven Seas Cruises as the market leader.
Del Rio, who was born in Havana, Cuba and emigrated to the United States in 1961 at age 6, earned his bachelor's degree in accounting from the University of Florida and is a Certified Public Accountant. He and his wife, Marcia, have two children and four grandchildren and live in Coral Gables, Florida.