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 serve as Executive Chairman.
“It’s been a privilege to lead The Ritz-Carlton Yacht Collection during such a meaningful chapter. Since joining, we’ve expanded from one to three yachts and established a strong foundation for continued global growth,” said Murren. “This brand was created to redefine luxury travel at sea, and that vision has resonated with guests who are looking for a more personal, thoughtful way to explore the world. Ernesto embodies that promise deeply, and I have every confidence he will carry it forward with care and clarity.”
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 promoted to President in 2023. As President, Fara has led guest experience, operations, finance, sales, 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.
“I’m honored to step into this role at such an important stage for The Ritz-Carlton Yacht Collection. With the successful launch of our third yacht, Luminara, and our continued expansion into new regions, we’re entering a thoughtful next phase of growth,” said Fara. “I want to thank Jim for his leadership and partnership over the past few years. He’s played a central role in shaping the brand, and I’m committed to carrying forward the vision we share for creating immersive and unforgettable guest experiences at sea.”
Get To Know The Ritz-Carlton Yacht Collection
The Ritz-Carlton Yacht Collection redefines luxury at sea, seamlessly blending the legendary service and refined amenities of The Ritz-Carlton® with the freedom and elegance of yachting. Offering bespoke voyages across the Mediterranean, Northern Europe, the Caribbean, Asia-Pacific, and Alaska, the collection provides exclusive access to sought-after and hidden destinations, paired with serene accommodations, unparalleled onboard experiences, and curated excursions ashore that ignite curiosity and discovery at every turn.
The collection’s inaugural yacht, Evrima, launched in October 2022 and measures 624 feet, featuring 149 airy suites with private ocean-view terraces that accommodate up to 298 guests in an intimate and elegant ambiance. Ilma, the second superyacht, debuted in September 2024, spanning 790 feet and showcasing 224 spacious, light-filled accommodations for up to 448 guests, cultivating an extraordinary experience on the water. Luminara, which set sail in July 2025, continues this legacy, introducing new itineraries to both iconic cities and secluded harbors.
Each yacht reflects contemporary craftsmanship and meticulous attention to detail, boasting some of the highest employee-to-guest and space-to-guest ratios at sea. Guests enjoy highly personalized service, world-class dining, The Ritz-Carlton Spa®, a signature marina that connects them directly to the ocean, and an atmosphere of relaxed sophistication that fosters connection throughout the journey. Private charter options are also available for fully tailored and unforgettable moments.
For more information, visit ritzcarltonyachtcollection.com.
