Rebecca Yeung
ROYAL CARIBBEAN CRUISESAbout Rebecca Yeung
Rebecca Yeung, age 53, has served on Royal Caribbean Group’s Board since March 2023 and is an independent director with deep technology, innovation, and logistics expertise; she is a member of the Audit Committee . She spent nearly three decades at FedEx, most recently as Corporate Vice President, Operations Science & Advanced Technology through December 2024, leading robotics/automation, autonomous vehicles, decision science, and electrification initiatives; she was recognized by Reuters Events in 2024 as one of the Top 20 Women in Enterprise AI . The Board classifies all directors other than the CEO as independent, and all standing committees are composed solely of independent directors .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| FedEx Corporation | Corporate Vice President, Operations Science & Advanced Technology | Until Dec 2024 | Led scaling of robotics/automation, AV, decision science, and electromobility |
| FedEx Corporation | Vice President – Advanced Technology & Innovation | 2015–2021 | Drove innovation initiatives across logistics operations |
| FedEx Corporation | Various marketing, innovation, and technology roles | 1998–2015 | Global strategy, digitization, supply chain |
| Mid-South Food Bank (non‑profit) | Director | 2013–2022 | Community service board experience |
External Roles
| Organization | Role | Exchange | Notes |
|---|---|---|---|
| Columbus McKinnon | Director | NASDAQ | Current public company directorship (committee roles not disclosed in RCL proxy) |
Board Governance
- Committee assignments: Audit Committee member; Audit Committee met 7 times in 2024 .
- Independence: Independent director; all standing committees comprised solely of independent directors .
- Attendance: The Board held 5 meetings in 2024; each director attended at least 75% of aggregate Board and committee meetings .
- Board oversight: Audit Committee oversees financial reporting, auditor independence, internal audit, enterprise risk, data privacy, and cybersecurity; four members qualify as audit committee financial experts (Yeung serves on committee; the financial expert designation applies to other named members) .
Fixed Compensation
| Component (Director) | 2024 Amount | Notes |
|---|---|---|
| Fees Earned or Paid in Cash | $117,143 | Actual cash paid to Yeung in 2024 |
| Stock Awards (RSUs FMV at grant) | $286,864 | Annual director RSU grant (Feb 2024; prorated for 15-month grant cycle) |
| Total 2024 Director Compensation | $404,006 | Sum of cash and stock awards |
Director compensation structure (policy-level retainers for a full year of service):
| Role | Audit Committee | Talent & Compensation Committee | Nominating & Corporate Governance Committee | Safety, Environment, Sustainability & Health Committee |
|---|---|---|---|---|
| Chair Retainer (cash) | $35,000 | $25,000 | $20,000 | $20,000 |
| Member Retainer (cash) | $20,000 | $12,000 | $10,000 | $10,000 |
Additional policy elements:
- Board annual cash retainer: $100,000; Lead Director $75,000; Chair of the Board $225,000; no meeting fees; travel reimbursed .
- Director equity grant (2024): RSUs with fair value $286,864 (reflects 15 months between grants); vests after the earlier of one year or the next annual meeting .
- Director stock ownership guideline: $500,000 within three years of becoming a director (includes value of restricted stock/RSUs) .
Performance Compensation
Directors do not receive performance-based pay; equity is time-based and designed to align interests.
| Equity Component | Terms | Performance Conditions |
|---|---|---|
| Annual Director RSUs | Fair value $286,864 (Feb 2024); vest in full after the earlier of one year or the next annual meeting | None (time-based only) |
Other Directorships & Interlocks
- Current public company board: Columbus McKinnon (NASDAQ) .
- Compensation Committee interlocks: The company disclosed no compensation committee interlocks or insider participation issues in 2024 .
Expertise & Qualifications
- Technology/AI, innovation, cybersecurity, and digitization expertise; global enterprise and supply chain/logistics background .
- Board skills matrix reflects Technology/Innovation/Cybersecurity, Global Enterprise, Risk Management, and Consumer Business capabilities among others across the Board (Yeung included) .
Equity Ownership
| Holder | Total Beneficial Ownership (as of 4/1/2025) | % Outstanding | Notes |
|---|---|---|---|
| Rebecca Yeung | 4,833 shares | <1% | Includes 2,372 RSUs scheduled to vest on May 28, 2025; no shares pledged |
Breakdown
- RSUs scheduled to vest within 60 days: 2,372 (included in beneficial ownership under SEC rules) .
- Implied common shares excluding those RSUs: 2,461 (4,833 – 2,372) .
- Pledging/hedging: Company policy prohibits hedging and pledging by directors; no director/NEO shares were pledged as of the ownership table .
Governance Assessment
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Strengths affecting investor confidence:
- Independence and committee service: Independent Audit Committee member with technology/AI and operations background directly relevant to cyber, data, and risk oversight .
- Attendance and engagement: Met at least the 75% attendance threshold; Board held five meetings; Audit Committee met seven times in 2024 .
- Alignment and safeguards: Time-based RSU grants, director ownership guideline ($500,000 within three years), and prohibitions on hedging/pledging support alignment with shareholders .
- Conflicts and related party: No related person transactions in 2024; no pledging; compensation committee interlocks not present .
- Shareholder sentiment: 97% support on 2024 say‑on‑pay reflects broad approval of pay design and governance practices (context for overall governance environment) .
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Watch items / potential risks:
- As a relatively new director (since 2023), ownership guideline compliance will be measured over the three‑year accumulation period; individual compliance status is not disclosed by director (policy applies to all) .
- Audit Committee “financial expert” designation is held by other named members; Yeung serves on the committee but is not identified as an “audit committee financial expert” in the proxy, which may focus her contribution on technology/cyber and operational risk rather than technical accounting .
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RED FLAGS: None identified in 2024 disclosures specific to Yeung — no related-party transactions, no share pledging, and no insider filing delinquencies cited for her (two late Forms 4 were noted for other directors due to EDGAR code issues) .