Norwegian Cruise Line Holdings Ltd (NCLH) has confirmed key organisational changes at the senior executive leadership level effective 1 January 2023, naming Andrea DeMarco as President of Regent Seven Seas Cruises and Frank A. Del Rio as President of Oceania Cruises.
DeMarco is currently Chief Sales and Marketing Officer at Regent Seven Seas Cruises. She visited Australia in September (for her first time with the cruise line), meeting with local travel trade partners. On the subject of succession planning, DeMarco told LATTE exclusively at the time that she was intent on rising through the cruise ranks and had ambitions to lead the ultra-luxury cruise brand. She succeeds Jason Montague who has held the title since September 2016.
Frank A. Del Rio, the son of NCLH boss Frank Del Rio, joined Oceania Cruises in early 2022 as Chief Sales and Marketing Officer. He had been with the brand for 14 years – from 2003 through 2017 – before branching into the private equity, finance, and tech spaces prior to his return earlier this year. Del Rio Jr replaces Howard Shermann, who held the leadership role at Oceania Cruises since 1 January 2022 after Bob Binder’s exit.
NCLH said that to ensure a smooth and seamless transition, Montague and Sherman will serve as Special Advisors to the Company.
“We are grateful to Jason and Howard for their significant contributions to our Company’s success and their tremendous achievements at Regent Seven Seas Cruises and Oceania Cruises,” said Frank Del Rio, President and CEO of Norwegian Cruise Line Holdings Ltd. “We look forward to continuing to partner with them in their new roles as Special Advisors and benefitting from the wealth of knowledge, experience and strategic relationships they have accumulated as leaders in the cruise industry for over two decades.”
Del Rio continued, “Our entire management team and Board of Directors are confident that Andrea and Frank are the right executives to succeed as Presidents of Regent Seven Seas Cruises and Oceania Cruises, respectively. In their current roles as Chief Sales and Marketing Officers for their brands they have worked side-by-side with Jason and Howard, proving time and again their leadership acumen, strategic mindsets and ability to deliver top notch results.
“I have no doubt that they are prepared to take the helm and build on our significant momentum at this critical time as we complete our transition to steady-state operations and prepare to deliver on our industry-leading growth profile,” Del Rio added.
Russell W. Galbut, Chairman of the NCLH Board, said: “Today’s announcements are the culmination of a robust succession planning process and reflect the deep bench strength across our organisation.
“Andrea and Frank are talented and dynamic leaders who will bring unique, fresh and diverse perspectives in their new roles while also ensuring brand continuity with their significant Company and cruise industry experience. On behalf of the entire Board, I want to congratulate them on their new roles and I also want to thank Jason and Howard for their dedication, leadership and collaboration.”
DeMarco has nearly 20 years of diverse cruise industry experience across multiple areas of the business. She has served as Chief Sales and Marketing Officer for Regent Seven Seas Cruises since September 2021, during a pivotal time for the cruise line as it resumed operations post-pandemic. Prior to this role, DeMarco held various positions of increasing responsibility since joining the Company in 2012, including most recently as Senior Vice President of Investor Relations, Corporate Communications and Environmental, Social and Governance for Norwegian Cruise Line Holdings from January 2020 until August 2021. She successfully represented the Company to Wall Street since its initial public offering and earned numerous accolades including recognition as the #1 Overall Best Investor Relations Officer in the Leisure sector in the prestigious Institutional Investor All-American Executive Team rankings. Prior to her time at the Company, she worked in charter sales
and corporate financial planning roles at Royal Caribbean Group. DeMarco has an M.B.A. in Finance from Florida International University and a B.S. in Finance from Florida State University.
“I am honoured to lead the world’s leading luxury cruise line,” DeMarco said. “The hard-working and talented team at Regent is truly unrivaled, and I look forward to contributing to the line’s future growth and success, particularly as we prepare for the addition of our newest ship, Seven Seas Grandeur, in 2023.”
Frank A. Del Rio
Frank A. Del Rio is an industry veteran, having started his career in the cruise industry in 2003. Frank A. Del Rio has served as Chief Sales and Marketing Officer for Oceania Cruises since March 2022, where he worked side-by-side with Sherman, and as Senior Vice President, Port Destinations and Onboard Revenue from March 2015 through April 2017. From 2018 until March 2022, Frank A. Del Rio pursued entrepreneurial opportunities in the private equity, finance, and tech spaces, where he was involved across a wide spectrum of products and industries, including AI, telecommunications and 5G network solutions, medical, and real estate development, including serving as Chief Executive Officer of Divinus Life LLC, a specialty provider of skin and wellness products, from 2018 through 2020.
Prior to the Company’s acquisition of Prestige Cruises International S. de R.L. and its subsidiaries (“Prestige”), Frank A. Del Rio served as Senior Vice President, Port and Destination Services at Prestige from 2008 until March 2015 and as Vice President, Destination Services and Product Development at Prestige from 2003 to 2008. Frank A. Del Rio has a B.S./B.A. in Finance and Economics from the University of Florida.
He said, “I look forward to building on the incredible momentum we are experiencing at the renowned Oceania Cruises brand.
“I am truly humbled and thankful to lead the world-class team at Oceania and I am excited for the bright future we have ahead of us at the brand and the Company,” Frank A. Del Rio said.