Royal Caribbean Chairmanceo Richard Fain Is A Communityservice As Well As A Business Leader
Written by Miami Today on July 26, 2007
As chairman and CEO of Royal Caribbean Cruises Ltd. for nearly 20 years, Richard Fain oversees the operation of 34 ships under the Celebrity Cruises, Royal Caribbean International and Pullmantur brands.
His challenge is much the same today as he described it 10 years ago to Wharton Alumni Magazine: to communicate to the 90% of Americans who have never been on a cruise "just what they are missing and why they can afford it."
Mr. Fain joined Royal Caribbean in 1979 as an outside director on the company’s board of directors.
Before that, he spent 13 years as treasurer, chief financial officer and joint managing director of Gotaas-Larsen Shipping Corp., a London owner and operator of cargo ships.
Mr. Fain gives his time to a variety of organizations. He is chairman of the Cruise Lines International Association, which represents nearly 17,000 affiliated travel agencies and most of the world’s cruise lines.
Also, he is chairman of the United Way Campaign of Miami-Dade County, was inducted into the South Florida Business Hall of Fame in 2004 and received the Chevalier de la Legion d’Honneur from France — one of that country’s most distinguished awards.
Mr. Fain and his wife, Colleen, have four children and live in Miami-Dade County.
He juggles his extensive community service with his management of the ever-shifting challenges of the cruise industry — a balancing act he discussed with Miami Today staff writer Wayne Tompkins. This is an excerpt from the weekly profile article published in Miami Today. To read the entire article in full, order this issue or subscribe to the print edition of Miami Today.