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    Josh Weinstein

    President, CEO, and Chief Climate Officer at Carnival Corp
    Since 2022
    Age
    50 years
    Tenure
    Joined CCL in 2003 and held roles including Treasurer (2007–2017), President of Carnival UK (2017–2022), and Chief Operations Officer (2020–2022) before becoming President, CEO, and Chief Climate Officer in 2022.

    Also at Carnival Corp

    BD
    Bettina Deynes
    Global Chief Human Resources Officer
    DB
    David Bernstein
    Chief Financial Officer and Chief Accounting Officer
    EM
    Enrique Miguez
    General Counsel

    About

    Josh Weinstein has dedicated over two decades to contributing to CCL, beginning his journey in 2003 and gradually ascending through significant leadership roles. His progression within the company—from Treasurer (2007–2017) and President of Carnival UK (2017–2022), to Chief Operations Officer (2020–2022)—highlights a steady accumulation of experience and responsibilities.

    As of 2022, he assumed the role of President, CEO, and Chief Climate Officer, a milestone that reflects his commitment to both operational excellence and environmental stewardship within the organization. His tenure is marked by strategic shifts and pivotal promotions that have shaped the direction of CCL.

    Under his leadership, the company has witnessed noteworthy sustainability initiatives, including a 17.5% reduction in greenhouse gas emission intensity compared to 2019 and ambitious targets to further reduce emissions by 20% by the end of 2026. Additionally, his efforts have been instrumental in enhancing the guest experiences through the development and upgrades of key destinations, demonstrating a blend of operational success and environmental commitment.

    $CCL Performance Under Josh Weinstein

    Past Roles

    OrganizationRoleDate RangeDetails
    Carnival Corporation & plc Chief Operations Officer 2020 to 2022 Held prior to current role as President, CEO, and Chief Climate Officer
    Carnival Corporation & plc President, Carnival UK 2017 to 2020 Held prior to current role as President, CEO, and Chief Climate Officer
    Carnival Corporation & plc Treasurer 2007 to 2017 Held prior to current role as President, CEO, and Chief Climate Officer
    Carnival Corporation & plc Assistant General Counsel 2003 to 2007
    Carnival Corporation & plc Associate General Counsel 2002 to 2003

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,250,000 Annual Base salary
    Benefits$437,000 Annual Includes: Compensation in lieu of Savings Plan profit-sharing contributions ($329,000 ), Private medical health insurance ($71,000 ), Automobile lease/allowance ($24,000 ), Other benefits (tax planning, accidental death, disability, life insurance premiums, personal travel, spousal meals, and tax gross-ups) ($13,000 )
    Pension (401(k))$11,000 Annual Employer contributions to 401(k)

    Performance Compensation

    Data from  FY 2023

    Annual Bonus (MIP)

    MetricDetailsCitations
    Performance MetricsAdjusted Operating Income (80%), HESS (20%)
    Threshold for Adjusted Operating Income$750M for 50% payout
    Low Level$1,150M for 90% payout
    Target (Mid)$1,300M for 100% payout
    High Level$1,450M for 110% payout
    Maximum$1,850M for 200% payout
    2023 Actual$1,914M (resulted in 200% payout for Adjusted Operating Income component)
    Overall Performance186.0% formula-based MIP annual bonus performance

    Equity-Based Compensation

    ComponentGrant DateGrant Date Fair Value ($)Grant Date Stock Price ($)Shares GrantedVesting SchedulePerformance Metrics / ConditionsVesting Levels
    PBSApril 21, 2023 $3,499,997 $9.38 373,134 Vests on February 15, 2026 Based on Adjusted Operating Income and Environmental, Safety, and Sustainability goals Threshold: 50%; Target: 100%; Maximum: 200%
    TBSApril 21, 2023 $1,499,993 $9.38 159,914 Vests in three equal annual installments starting February 15, 2024 Time-based vesting requiring continued employment N/A