NCLH President and CEO Frank Del Rio retires after 3 decades leading industry

   June 30, 2023 ,   Cruise Industry

Frank Del Rio, a prominent figure in the cruise industry, retires from his position as President and CEO of NCLH-Norwegian Cruise Line Holdings on June 30th. His retirement marks the end of a successful career spanning 3 decades.

Del Rio leaves behind a thriving industry, a revitalized NCL-Norwegian Cruise Line, Oceania Cruises positioned in the upper premium market segment, and RSSC-Regent Seven Seas Cruises as a leading ultra-luxury travel brand.

Del Rio began his career as an accountant and CFO in the cruise industry, eventually leading Renaissance Cruises. Following Renaissance's bankruptcy after the 9/11 attacks, Del Rio co-founded Oceania Cruises, a brand that revolutionized the upper premium market segment with its resort-style cruising and distinct culinary offerings. Del Rio celebrated Oceania's 20th anniversary by launching Oceania Vista in May 2023.

With the support of Apollo Management, Del Rio reshaped the luxury cruise segment by growing Oceania and acquiring RSSC-Regent, a brand that was neglected by its previous owners. He formed Prestige Cruises to manage both brands and later sold the company to NCL. Del Rio assumed the leadership of Norwegian Cruise Line Holdings in 2015, refining the company's strategy and focusing on Freestyle Cruising. Under his guidance, Norwegian enhanced various aspects of the cruise experience, including food and beverage offerings and entertainment options.

Del Rio's vision and passion for ship décor, art, and experience also benefited Oceania and Regent Seven Seas Cruises. Both brands introduced new ships, with RSSC set to launch Seven Seas Grandeur in November 2023, and Oceania unveiling its first new ship in ten years.

During his tenure, Del Rio oversaw the introduction of eight new cruise ships and led Norwegian Cruise Line Holdings to industry-leading yields and financial results. Despite the pause in operations caused by the crisis in 2020, Del Rio ensured the company's stability and growth.

While retiring as NCLH's President and CEO, Del Rio will continue to serve as a senior advisor to NCLH until 2025. He is succeeded by Harry Sommer, who has been NCL's President since 2020.