Carnival shakes up management team

Carnival is shaking up its management team in an effort to rebuild after several mishaps drove passengers away. The company said Monday that its chief operating officer will take on a new role as special adviser to the CEO and chairman.

It also named a new CEO for its Holland America unit and a new president of Princess Cruises. Carnival named a new CEO in June. The Miami-based company has been struggling with weaker revenue since the February breakdown of the Carnival Triumph, which stranded passengers for five days in the Gulf of Mexico.

That was followed by two other instances of ships having to be towed back to port. The company slashed prices and invested in ship safety, but passengers have yet to return to its namesake cruise line.

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