Norwegian Cruise Line Holdings Ltd. announced a leadership transition regarding its Chief Financial Officer on October 29, 2026. Mark A. Kempa, who has served as Executive Vice President and CFO, will transition to the role of Special Advisor to the President and CEO effective December 31, 2026. He will remain with the company through June 30, 2027, to assist with the transition.
On the same date, the company announced the appointment of Meghan Montana as the new Executive Vice President and Chief Financial Officer. Ms. Montana, age 40, will assume the role effective January 1, 2027. She is currently the company's Chief Strategy Officer, a position she has held since January 2026.
Ms. Montana's background includes senior finance roles at American Airlines, where she served as Senior Vice President of Finance and Corporate Development from February 2025 to January 2026. Prior to that, she held the position of Senior Vice President, Treasurer from March 2023 to February 2025. Earlier in her career, she worked at Standard Chartered Bank, Deutsche Bank, and the Royal Bank of Scotland.
Ms. Montana has entered into a new employment agreement with a subsidiary of the company. Her base salary is set at $875,000 per year, subject to annual review. She is eligible for an annual bonus determined by the Compensation Committee. The agreement includes a starting bonus arrangement totaling $1,550,000, consisting of $750,000 already paid and two future installments of $400,000 each, payable in March 2027 and March 2028, subject to continued employment.
The agreement has an initial term through December 31, 2030, which will automatically renew for one-year terms unless terminated with proper notice. If the company terminates her employment without cause or she resigns for good reason, she is entitled to severance payments equal to two times her base salary, payable over 24 months. She also receives accelerated vesting of equity awards if terminated within three months before or 24 months after a change in control.
Mr. Kempa has entered into a Transition and Release Agreement. During his advisory period from January 1, 2027, through June 30, 2027, he will receive a monthly gross salary of $3,200 and President-level cruise privileges. He will receive 33,000 time-based restricted share units in early January 2027, vesting upon his separation from service. His 24-month non-competition and non-solicitation restrictions will run from January 1, 2027, through December 31, 2028.
