Two members have resigned from the board of directors at Norwegian Cruise Line Holdings.
Karl Peterson, senior partner of private investment firm TPG and managing partner of TPG's European operations, and Kevin Crowe, partner in Apollo Global Management's private equity division, quit a week ago, the company disclosed on Friday.
The parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises said it was eliminating the vacant seats created by the resignations to reduce its size from 11 to nine members, “thereby enhancing its independence”.
Board chairman, Walter Revell, said: "During Karl and Kevin's tenure on Norwegian Cruise Line Holdings' board of directors, the company achieved several key milestones, including the launch of its most innovative new ships and the successful acquisition and integration of the Prestige Cruise Holdings brands into the NCLH portfolio.
"We thank them both for their strong leadership and significant business guidance during their time on the board."
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