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November 6, 2003

Promotions at HAL

Holland America Line has announced the appointment of Stein Kruse as president and chief operating officer. Kruse, previously senior vice president, fleet operations, brings nearly 20 years of industry experience to his new position, which is effective immediately.

As president and chief operating officer for Holland America, Kruse will report to A. Kirk Lanterman, chairman and chief executive officer. "I've had the pleasure of having Stein on my management team now for four years, and I can't think of a person more qualified than Stein to assume the role of president," Lanterman said. "Stein has ably assisted us in managing our rapid growth with strong operational performance. In his new role he will further assist me in setting and executing the future strategic direction of Holland America Line."

At the same time Lanterman announced David Giersdorf's promotion to executive vice president, marketing and sales for Holland America Line, reporting to Kruse.

Giersdorf, most recently senior vice president, marketing and sales, has been with Holland America Line for five years. "During his time with us, David has refined and promoted our company and brand through some very tumultuous times for our industry. His marketing savvy and respected leadership will continue to guide us as we again embark on a period of growth and exciting opportunities," Lanterman said.

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