DEFA14A: Norwegian Cruise Line Holdings Appoints Linda P. Jojo to Board of Directors

Norwegian Cruise Line Holdings expands its Board of Directors with the appointment of Linda P. Jojo, bringing extensive experience in information technology and customer experience.

Summary

• Norwegian Cruise Line Holdings Ltd. has appointed Linda P. Jojo to its Board of Directors, effective May 7, 2025.
• The Board increased its size from eight to nine members to accommodate the appointment.
• Ms. Jojo will serve as a Class I director, with her term expiring at the 2026 Annual General Meeting.
• The Board has determined that Ms. Jojo is an independent director.
• Ms. Jojo brings over 30 years of experience in information technology, cybersecurity, and customer experience.
• She has held executive positions at United Airlines Holdings, Rogers Communications Inc., and Energy Future.
• Ms. Jojo will receive an annual cash retainer of $100,000, a Technology, Environmental, Safety and Security Committee member cash retainer of $20,000, and an annual restricted share unit (RSU) award valued at $200,000.
• Shareholders are not being asked to vote on the appointment of Ms. Jojo at the Annual Meeting.

Sentiment

Score: 7

Explanation: The announcement is generally positive, highlighting the addition of an experienced director to the Board. It suggests a focus on technology and innovation, which is viewed favorably.

Positives

• The appointment of Linda P. Jojo brings significant expertise in information technology, cybersecurity, and customer experience to the Board.
• Ms. Jojo's experience in leading complex technology initiatives at United Airlines Holdings is expected to be invaluable to Norwegian Cruise Line Holdings.
• The Board has determined that Ms. Jojo is an independent director, ensuring objectivity and diverse perspectives.

Future Outlook

The Company expects that Ms. Jojo's guidance will be invaluable as it continues its technological journey.

Management Comments

• We expect that Ms. Jojos guidance will be invaluable as the Company continues its technological journey.

Industry Context

The appointment of a technology-focused director reflects the increasing importance of digital transformation and cybersecurity in the cruise line industry.

Comparison to Industry Standards

• Many large corporations, including those in the travel and hospitality sectors, are adding board members with technology expertise to navigate digital transformation and cybersecurity challenges.
• For example, Hilton Hotels and Marriott International have board members with backgrounds in technology and digital strategy.
• The compensation package for Ms. Jojo, including cash retainers and RSU awards, is consistent with industry standards for board members of publicly traded companies of similar size and scope.

Management Changes

Stakeholder Impact

• Shareholders may view the appointment positively, as it strengthens the Board's expertise in technology and digital strategy.
• Employees may benefit from Ms. Jojo's experience in driving technological modernization initiatives.
• Customers may see improvements in the Company's digital offerings and customer experience.

Next Steps

• Ms. Jojo will serve on the Board until the 2026 Annual General Meeting.
• Ms. Jojo will participate in Board meetings and contribute to the Company's strategic decision-making.
• Ms. Jojo will serve on the Technology, Environmental, Safety and Security Committee.

Key Dates

Keywords

Board of Directors, Linda P. Jojo, appointment, director, corporate governance, Norwegian Cruise Line Holdings, technology, cybersecurity, customer experience