Ambassadors International, Inc. (Nasdaq: AMIE) (the 'Company') announced today that the Chairman, CEO and President of Ambassadors International, Joe Ueberroth has announced his resignation and that his last day will be September 19, 2009. Joe Ueberroth will continue his roles and responsibilities while working with the board over the next year to ensure a successful transition.
Joe Ueberroth stated, 'I am extremely proud of the efforts and contributions of so many individuals who have worked with me over the last 5 years. Over this period Ambassadors International has acquired some terrific businesses and they continue to be run by strong, experienced leaders. To leave Ambassadors was a difficult decision, but the board is pleased and agrees with me that terminating while providing a year for the transition is the right decision. I look forward to continuing to lead this management team over the next year while working with the board in identifying my successor.'