Ernesto Fara has been appointed as President and Chief Executive Officer at The Ritz-Carlton Yacht Collection
The Ritz-Carlton Yacht Collection announces the appointment of Ernesto Fara as President and Chief Executive Officer, effective immediately. Fara succeeds Jim Murren, who will continue to play an active role as Executive Chairman.
As the brand continues to evolve the guest experience, expand its fleet presence, and define the future of luxury travel at sea, this transition supports the company's ongoing growth and position at the forefront of the ultra-luxury cruise category. Fara's strategic direction and proven record in performance execution will guide innovation and ensure the company delivers the highest standards of hospitality and guest satisfaction.
Fara joined The Ritz-Carlton Yacht Collection in 2020 as CFO and Board Member, bringing extensive leadership experience in the luxury cruise industry across business development, sales and marketing, and operations. He oversaw company strategy and financial operations before being elevated to the President role in 2023. As President, Fara has led guest experience, operations, finance, sales and marketing, and technology. In his capacity as CFO, he oversaw the development and financing of the company's newest yachts, Ilma and Luminara, which launched in September 2024 and July 2025.