Carnival Corporation & plc President and CEO Arnold Donald is to move aside this summer.

He will be replaced by Josh Weinstein the 48-year-old Chief Operations Officer for the company, who will take over in August.

Mr Donald, who has been in the top job since 2013, will become Vice Chair and member of the Boards of Directors.

His replacement has been with Carnival for 20 years, including President at Carnival UK.

Mr Donald (pictured above, inset) said he ‘cannot think of anyone better suited for this role’ than Mr Weinstein (main picture).