08:23 AM EDT, 06/06/2025 (MT Newswires) -- Royal Caribbean Group (RCL) said Friday its board chair Richard Fain will step down in Q4 but will remain a director on the board.

Chief Executive Officer Jason Liberty was named by the board to succeed Fain as chairman later this year, the cruise company said.

John Brock, a board member since 2014 and chair of the governance committee, was named independent lead director, Royal Caribbean said.

Shares were edging 0.4% higher in recent premarket activity.