Carnival appoints Sara Mathew as director, John Parker to step down

Sir John Parker has decided not to seek re-election to the boards at the 2023 annual shareholders meetings and will retire at the conclusion of those meetings.

Sara Mathew

Carnival said Mathew has leveraged her significant strategic and operational expertise to drive transformative growth at large international companies throughout her career. During more than a dozen years with Dun & Bradstreet, she served as chair and CEO from 2010 to 2013, following prior roles as president and chief operating officer, and CFO.

Before Dun & Bradstreet, Mathew held various roles over her 18 years at the Proctor & Gamble Co. within finance, accounting, brand management and investor relations.

Joins audit committees

At Carnival Mathew will serve on the audit committees.

'As the company continues on its path towards delivering durable top and bottom-line growth, we are excited to have Sara join the boards as an experienced leader and strategic operator with expertise in technology and innovation, finance and global consumer-facing brands,' Chairman Micky Arison said. 'Sara's unique perspective will be a valuable addition to the boardroom as we advance our long-term growth priorities.'

Thanks to Sir John

Arison also thanked Parker for his 'invaluable service to the company,' adding that throughout his tenure as a director of both Carnival plc since 2000 and of Carnival Corp. since 2003, Sir John has provided extensive insight and guidance to the boards and to our global management team. As founding chairman and continued member of the health, environment, safety & security committees, a long-standing member of the nominating & governance committees and a previous member of the audit and remuneration committees, Sir John has supported the boards in overseeing policies, programs and initiatives relevant to these important areas, which are essential aspects of the boards' oversight over the years.'

Arison continued: 'As chair of the UK government's Parker Review of ethnic diversity on UK boards and chair of six FTSE 100 listed companies, Sir John has provided knowledgeable and unique perspectives of UK corporate governance policies and practices, including the importance of diverse representation. Sir John has also deepened the boards' industry knowledge as the former head of a major shipbuilding company and in additional prior roles in the industry including former president of the Royal Institution of Naval Architects and president of the Royal Academy of Engineering.

'We appreciate Sir John's thought leadership throughout his tenure and his invaluable contributions to broaden our boards' expertise in these key areas.'

12 directors as of April 2023

With these changes and the recently announced retirement of long-time board member and former President and CEO Arnold Donald, Carnival Corp. & plc's boards will be comprised of 12 members as of April 2023. Ten are independent directors, four and women and one is ethnically diverse.

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