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Apollo's Steve Martinez resigns as an NCLH director

PHOTO: ANNE KALOSH CRUISE Frank Del Rio : Steve Martinez.jpg
Steve Martinez, right, is pictured at a shipyard visit several years ago with Frank Del Rio
Steve Martinez resigned fron the board of Norwegian Cruise Line Holdings, effective immediately.

Led Apollo investment in Oceania and NCL

Martinez is senior partner, head of Asia Pacific, for Apollo Global Management. He was the Apollo partner who led the investment first in Oceania Cruises and then, in 2007, in Norwegian Cruise Line. Apollo eventually cashed out of NCLH in November 2018.

In a filing, NCLH said the resignation did not involve a disagreement with the company on any matter relating to its operations, policies or practices.

New director to be appointed

The board intends to appoint a new director to replace Martinez no later than July 15.

At today's NCLH annual shareholders meeting in Miami, three directors were reelected to serve until the 2023 annual general meeting. They are Chairman Russell Galbut, managing principal of Crescent Heights; David Abrams, senior managing director of Cerberus European Capital Advisors; and John Chidsey. former chairman and CEO of Burger King Corp.

Other directors are Frank Del Rio, president and CEO, NCLH; Adam Aron, CEO and president of AMC Entertainment Holdings and chairman and CEO of World Leisure Partners; Stella David, former CEO of William Grant & Sons Ltd.; Mary Landry, retired US Coast Guard rear admiral; Chad Leat, retired vice chairman of global banking at Citigroup; and Pamela Thomas-Graham, founder and CEO of Dandelion Chandelier.

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