After 35 years, Bob Dickinson, president and CEO of Carnival Cruise Lines, will retire at the end of this year, Carnival Corp. said.

Gerry Cahill, executive vice president and CFO of Carnival Corp., will take over as president and CEO of Carnival Cruise Lines effective immediately, to allow ample transition time, Carnival said.

"I have been blessed to have had a long, fun-filled career helping to build Carnival and the cruise industry," said Dickinson in a statement. "I'm still having fun so giving all of that up has been a very difficult decision but I'll be 65 next month and have been pondering this with my family for some time. I look forward to working with Gerry who will inherit what I believe is the most talented and dedicated management team in the cruise industry."

Dickinson joined Carnival as executive vice president in 1972; in 1993, he was promoted to president, followed by CEO in 2003.

He has served as chairman of Cruise Lines International Association, the Travel Industry Association and the Miami Beach Visitors and Convention Authority, Carnival said.

"Bob has truly achieved legendary status in the travel industry," said Micky Arison, chairman and CEO of Carnival Corp., in a statement. "There is simply no other travel industry executive who is as well known and respected as he."

Arison also called Dickinson "one of the most influential people in the development of the modern-day cruise industry," and said that Dickinson would be missed "not only by everyone here at Carnival, but by travel agents, his competitors and the media who loved his often humorous sound bites."

Dickinson will remain on the company's board of directors, Carnival Corp. said.

Cahill, 56, joined Carnival Corp. in 1994 as vice president of finance and in 1998 was promoted to senior vice president, finance and CFO. In December 2003, he was promoted to executive vice president and CFO.

Carnival also said that David Bernstein, Carnival Corp. vice president and treasurer, will become the company's CFO, also effective immediately.

To contact reporter Johanna Jainchill, send e-mail to [email protected].

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