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Genting Hong Kong's Lim and Chua resign the NCLH board

The two Genting Hong Kong directors on Norwegian Cruise Line Holdings' board, including its chairman, Tan Sri KT Lim, have resigned, effective immediately.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

March 3, 2015

1 Min Read
Credit: Seatrade Cruise News

The other departing director is David Chua, who left the presidency of Genting HK in July 2014, with effect from Jan. 2 this year after taking sabbatical leave and annual leave during his six months' notice period. Lim has been serving as acting president, in addition to chairman and ceo of Genting HK, since last July.

Genting HK said it has nominated two replacement directors who are expected to be appointed in due course. According to a filing, the resignations did not involve a disagreement with NCLH on any matter relating to operations, policies or practices.

The news came on a day when Genting HK announced it is acquiring Crystal Cruises.

Lim had chaired the NCLH board for years, and Genting HK remains the largest company's shareholder with a 25% stake. Apollo Management holds a 24% share, while TPG Capital has 7%.

Most of the remaining nine directors are affiliated with Apollo Management, the second largest shareholder. They are David Abrams, Adam Aron, Kevin Crowe, Steve Martinez and Robert Seminara. Director Karl Peterson represents TPG, another significant shareholder.

Further directors are John Chidsey of Red Book Connect; F. Robert Salerno, formerly of Avis; and Walter Revell of Revell Investments International.

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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