Norwegian Cruise Line Overhauls Board, Reaches Cooperation Pact With Elliott

Overview

• Norwegian Cruise Line Holdings named five independent directors who will join the board effective March 31, 2026.
• The new members are Alex Cruz of British Airways, Kevin A. Lansberry of Disney Experiences, Steve Pagliuca of Bain Capital, Brian P. MacDonald of CDK Global, and Jonathan Z. Cohen of Hepco Capital.
• The company entered a cooperation agreement with activist investor Elliott that includes standstill and voting commitments.
• NCLH said the full agreement will be disclosed to investors in a Form 8-K filing with the U.S. Securities and Exchange Commission.
• Goldman Sachs advises on finance, Paul Hastings provides legal counsel, and Joele Frank handles communications as the company frames the changes as a push for long-term shareholder value.