Norwegian Cruise Line Holdings Management
Management criteria checks 3/4
Norwegian Cruise Line Holdings' CEO is Harry Sommer, appointed in Jan 2023, has a tenure of 1.33 years. total yearly compensation is $8.86M, comprised of 11.3% salary and 88.7% bonuses, including company stock and options. directly owns 0.076% of the company’s shares, worth €4.84M. The average tenure of the management team and the board of directors is 2.3 years and 5.9 years respectively.
Key information
Harry Sommer
Chief executive officer
US$8.9m
Total compensation
| CEO salary percentage | 11.3% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.08% |
| Management average tenure | 2.3yrs |
| Board average tenure | 5.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$343m |
| Dec 31 2023 | US$9m | US$1m | US$166m |
| Sep 30 2023 | n/a | n/a | -US$210m |
| Jun 30 2023 | n/a | n/a | -US$851m |
| Mar 31 2023 | n/a | n/a | -US$1b |
| Dec 31 2022 | US$5m | US$900k | -US$2b |
| Sep 30 2022 | n/a | n/a | -US$3b |
| Jun 30 2022 | n/a | n/a | -US$4b |
| Mar 31 2022 | n/a | n/a | -US$4b |
| Dec 31 2021 | US$4m | US$699k | -US$5b |
| Sep 30 2021 | n/a | n/a | -US$4b |
| Jun 30 2021 | n/a | n/a | -US$4b |
| Mar 31 2021 | n/a | n/a | -US$4b |
| Dec 31 2020 | US$6m | US$594k | -US$4b |
| Sep 30 2020 | n/a | n/a | -US$3b |
| Jun 30 2020 | n/a | n/a | -US$2b |
| Mar 31 2020 | n/a | n/a | -US$1b |
| Dec 31 2019 | US$4m | US$700k | US$930m |
| Sep 30 2019 | n/a | n/a | US$964m |
| Jun 30 2019 | n/a | n/a | US$983m |
| Mar 31 2019 | n/a | n/a | US$970m |
| Dec 31 2018 | US$5m | US$600k | US$955m |
Compensation vs Market: Harry's total compensation ($USD8.86M) is above average for companies of similar size in the Austrian market ($USD2.06M).
Compensation vs Earnings: Harry's compensation has been consistent with company performance over the past year.
CEO
Harry Sommer (55 yo)
1.3yrs
Tenure
US$8,864,592
Compensation
Mr. Harry J. Sommer served as Chief Executive Officer of Norwegian Brand (Norwegian Cruise Line) at Norwegian Cruise Line Holdings Ltd. since January 2020 until 2023. He serves as President & Chief Executi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.3yrs | US$8.86m | 0.076% $ 4.8m | |
| Executive VP & CFO | 6.2yrs | US$4.94m | 0.039% $ 2.5m | |
| Executive VP | 16.3yrs | US$4.52m | 0.045% $ 2.9m | |
| Senior Advisor | less than a year | US$13.37m | 0.20% $ 12.5m | |
| Executive VP of Vessel Operations | less than a year | US$5.98m | 0.0027% $ 168.9k | |
| President of NCL & Chief Consumer Sales and Marketing Officer of NCL | 1.1yrs | US$2.70m | 0.032% $ 2.0m | |
| Senior VP & Chief Accounting Officer | 8.3yrs | no data | 0.027% $ 1.7m | |
| Head of Investor Relations & Corporate Communications | no data | no data | no data | |
| Senior Vice President of Sales | no data | no data | no data | |
| Managing Director of China Operations | 6.3yrs | no data | no data | |
| VP & MD - NCL APAC | no data | no data | no data | |
| Senior Vice President of Port Development & Construction Management | 2.3yrs | no data | no data |
2.3yrs
Average Tenure
51yo
Average Age
Experienced Management: NCLH's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$8.86m | 0.076% $ 4.8m | |
| Independent Director | 7.3yrs | US$314.99k | 0.016% $ 1.0m | |
| Independent Chairman of the Board | 8.5yrs | US$519.99k | 0.13% $ 8.5m | |
| Vice Chairman of Oceania Cruises & Regent | 9.3yrs | US$5.83m | no data | |
| Independent Director | 1.5yrs | US$324.99k | 0.0043% $ 272.7k | |
| Independent Director | 2.6yrs | US$359.99k | 0.0062% $ 396.4k | |
| Independent Director | 10.1yrs | US$369.99k | 0.013% $ 832.2k | |
| Independent Director | less than a year | US$87.11k | 0.0053% $ 340.3k | |
| Independent Director | 5.9yrs | US$354.99k | 0.0053% $ 338.4k |
5.9yrs
Average Tenure
59yo
Average Age
Experienced Board: NCLH's board of directors are considered experienced (5.9 years average tenure).