Celebrity President and CEO Resigns

Hanrahan to become head of global hair care giant By: Marilyn Green
Dan Hanrahan // © 2012 Celebrity Cruises
Dan Hanrahan // © 2012 Celebrity Cruises

The Details

Celebrity Cruises
www.celebritycruises.com

Celebrity Cruises president and CEO Dan Hanrahan has announced his resignation at the end of July after 13 years of key development in the Royal Caribbean family. The company has not yet indicated a successor.

"Royal Caribbean has been very fortunate to have benefited from Dan's leadership and vision over the past 13 years," said Richard D. Fain, chairman and CEO of Royal Caribbean Cruises Ltd. "Dan has made countless contributions to the company, such as leading the creation of the award-winning 'Get Out There' campaign for Royal Caribbean International, to transforming the Celebrity brand with the stunning Solstice Class fleet. I wish him nothing but the best as he moves on to the next phase of what I'm certain will continue to be a very successful career."

Hanrahan will become president and CEO and member of the board of directors of Minneapolis-based Regis Corp., a global leader in the $160 billion haircare industry beauty salons, hair restoration centers and cosmetology education. The company owns, franchises or holds ownership interests in approximately 12,700 worldwide locations in North America and more than 30 countries in South America, Europe, Africa and Asia. Regis recently reported fiscal fourth quarter revenues of $568 million, dropped from $592 million the previous year.

"While leaving Celebrity isn't easy for me, I am very proud of what we have been able to accomplish the last seven years," said Hanrahan.  "The delivery of Celebrity Solstice in 2008 changed what was a great brand into the finest premium cruise line in the industry. In four years, we took delivery of five new ships, 'Solsticized' the Millennium class, repositioned the brand around 'Modern Luxury,’ achieved record high guest ratings and won numerous awards as the best sales organization -- not to mention, we saw our profitability improve dramatically.”

Fain commented, "Fortunately, Dan is leaving a very strong organization, and we are lucky to have great bench strength to continue our vision.  While I am sorry to see Dan leave our family, with the strong base of the Celebrity organization and the continued support of the travel agent community, I know Celebrity's future is in good hands."

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