Purely a symbolic move with a PR
motive to improve public perception of the company. Arison is still Chairman Of The Board for Carnival Corporation. And to be clear, this is about Carnival Corporation and not Carnival Cruise Line. He is leaving his post as CEO of the parent corporation and turning it over to another board member. So instead of wearing two hats, Arison now wears one - the top one.
Gerry Cahill continues to be President and CEO of Carnival Cruise Line.