Arnold Donald to stand down as Carnival Corp chief in August

"Josh is a proven executive who is well-respected throughout the company, serving in key leadership roles, driving strong business results during his tenure and playing an integral part in stewarding the company through the global pandemic," Donald said.

"Josh’s thorough understanding of our industry, operations and business strategy puts him in a tremendous position to lead the next phase of our company’s journey. With his vision, intensity and core values truly aligned to those of our company, I cannot think of anyone better suited for this role than Josh."

Weinstein said he was “truly humbled” to take over from Donald and “lead such a talented team” of more than 100,000 ship and shoreside team members.

“I have benefited tremendously from Arnold’s guidance and mentoring, and I would like to thank him, Micky Arison our chairman and the entire boards of directors for their support. I look forward to building upon the company’s successes as we move forward,” he said.

In a statement announcing the change in leadership, Carnival Corporation said it expected its nine brands to each return to full fleet operations this year and anticipated monthly adjusted Ebitda to "turn positive" at the beginning of the summer season.