HX Expeditions has confirmed that its Chief Financial and Transformation Officer James McArthur will step down from his role, after playing a central role in the company’s separation from Hurtigruten Group.McArthur joined the company in May 2023 as Chief Financial Officer of what was then the Hurtigruten Group, then taking on his current role during a pivotal time for HX. The complex corporate transformation was completed in February 2025, with the successful reinvestment including approximately EUR 140 million of new junior funding, led by a consortium of Arini Capital Management, Cyrus Capital Partners and Tresidor Investment Management.HX CEO Gebhard Rainer praised McArthur’s leadership through this critical period. “James has led the business through a period of significant transformation, which included navigating complex financial change and a successful major investment and reorganisation,” he said.“The business is now entering a new chapter, which is focused on embedding strong, consistent operational performance. HX is in a significantly stronger position and it’s with this confidence that James feels this is the right time to pass the baton and move to an exciting new role outside of travel.”Subscribe to LATTE Cruise’s free eNewsletter to keep up to date with everything in the luxury cruise space.Reflecting on his time with the company, McArthur expressed his pride in the company’s achievements to date. “We’ve navigated a highly complex financial transformation and successfully transitioned from a Group to two standalone businesses in record time — an achievement that stands out as one of the highlights of my professional career,” he said.“This was a difficult decision to make as ultimately, I love our HX team and values, our ships and the product that we offer.”McArthur will remain in position for at least the next three months to support a smooth leadership transition.
