Haute 100: Russell W. Galbut Will Serve On Board of Directors for Norwegian Cruise Line

Russell Galbut
Russell Galbut

Congratulations are in order for Haute 100 lister Russell W. Galbut who, alongside Chad A. Leat, has been appointed as Board of Directors for Norwegian Cruise Line. The company made the announcement Monday, Nov. 16th.

Galbut, who currently serves as the Managing Principal of Crescent Heights, is one of America’s largest and most respected residential developers of luxury condominiums. With more than three decades of experience in the real estate sector, it is no surprise the cruise line selected Galbut.

In a statement, Walter L. Revell, chairman of the Board, said, “It is my pleasure to welcome Russell and Chad to our board of directors. Our board is committed to recruiting the best leaders across business disciplines and with diverse backgrounds that will support Frank and his team in continuing Norwegian’s successful track record.”

Frank J. Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings and a member of the Company’s Board, followed up, “The extensive knowledge and experience that Russell and Chad bring to our board will be invaluable. Each will offer fresh perspectives and contribute to the development of Norwegian’s short and long-term growth strategies for delivering industry-leading returns and building shareholder value.”

In addition to their new roles, Galbut was also appointed to the Compensation Committee of the Board and Leat was also appointed to the Audit Committee of the Board, where he will serve as Chairperson.

The company recently announced Miami native Pitbull as the Godfather of Norwegian Cruise Line’s newest ship, the Norwegian Escape. Pitbull will serve as the honorary Godfather for Norwegian Escape, becoming one of the naming ceremony’s central figures along with Norwegian Cruise Line’s CEO Frank Del Rio and Norwegian President Andy Stuart. The event took place on Monday, Nov. 9th.

The Norwegian Escape is slated to be the brand’s largest ship to homeport year-round in the Magic City.