Genting Hong Kong has completed the acquisition of Crystal Cruises from Nippon Yusen Kabushiki Kaisha for a total transaction of $550 million.
Tan Sri Lim Kok Thay, executive chairman, Genting Group and the former chairman of Norwegian Cruise Line, assumes the position of chairman of Crystal, replacing Nobuyoshi Kuzuya who will return to NYK in a key executive position. Edie Rodriguez, a 34-year travel industry veteran who was previously president and COO will be promoted to president and CEO. Thomas Mazloum, a 20-plus year veteran of Crystal’s management team who was previously executive vice president will be promoted to COO.
“Genting Hong Kong is delighted and honored to add Crystal to our global hospitality and leisure brands,” said Tan Sri Lim Kok Thay. “We will ensure Crystal’s reputation as ‘The World’s Best and Most Awarded Luxury Cruise Line’ by maintaining its integrity and work to continue elevating its status as the highest standard of luxury cruising. The current management team and crew will continue to lead Crystal’s 6-star operation while Genting will provide the financial resources and proven expertise in innovative ship design to deliver a new ultra-luxury ocean vessel by 2018.”
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