Oceania Cruises President Frank A. Del Rio is stepping down from his position, following Jason Montague‘s return to Norwegian Cruise Line Holdings (NCLH) as Chief Luxury Officer, responsible for both Regent Seven Seas Cruises and Oceania Cruises.

Montague, who was previously Chief Executive Officer and President of Regent Seven Seas Cruises, took up his new role on Monday, and announced Del Rio’s departure to travel advisors in a memo on Tuesday.

In the memo, Montague stated that Del Rio would be leaving and expressed his gratitude for his “outstanding stewardship” of Oceania and for building a strong leadership team. He paid tribute to both Del Rio and his father, Oceania Cruises Co-Founder Frank Del Rio, for their “enduring legacy on Oceania Cruises and the broader industry.”

A statement from Oceania Cruises said: “Evolution and change are a constant in the running of any business. While we don’t comment on specific decisions, we remain appreciative to Frank for his many years of impactful leadership. The brand has been positioned for an incredibly bright future with the introduction of Allura this coming July and to be followed by two new next-generation ships in 2027 and 2028.”