Viking founder Torstein Hagen steps down from chief executive role

Viking’s founder, Torstein Hagen, has stepped down from his role as chief executive of the cruise line.

He is succeeded by Leah Talactac, president and chief financial officer, as chief executive.

Hagen, who founded the line in 1997, has been appointed as executive chairman and will continue to serve as chairman of Viking’s board of directors.

The cruise line also announced that Linh Banh, finance executive vice-president, has been appointed as chief financial officer.

In a statement, the line said: “Since joining Viking in 2006, Ms Talactac has been a key leader on the executive team. Alongside Mr Hagen, she led Viking’s initial public offering in 2024, which was the largest offering on the NYSE that year, and she was appointed president in January 2025 while retaining her responsibilities as CFO.

“As executive chairman, Mr Hagen will focus on long-term strategy and continue to support Ms Talactac in her role as chief executive.”

Hagen said: “This leadership transition reflects the strength and depth of Viking’s management team and the succession planning we have built over many years.

“Leah’s appointment as CEO is a natural next step, and the board and I have full confidence in her ability to lead Viking with the same continuity, discipline and vision that have guided us since Viking was founded.”

Talactac said: “Tor and our entire executive team have built a phenomenal company over the last 29 years, and I am delighted to lead Viking as we continue to deliver meaningful experiences for our guests and execute our long-term strategy.

“I also want to take a moment to congratulate Linh on her new appointment as CFO. Linh is a trusted leader within Viking, and her financial stewardship will ensure a smooth transition.”

This leadership change comes as the line reported its financial results for the first quarter of the year, with total revenue up by 17.5% to $1.05 billion.

Adjusted Ebitda, a measure of profit, increased by 43.9% year on year to $1.04 million.

A total of 92% of available capacity for 2026 and 38% for 2027 had been sold as of May 3.