MP Materials Corp. announced that Arnold W. Donald has been elected to the company's board of directors. Mr. Donald brings decades of experience in corporate leadership and a track record of value creation to MP Materials.

He is the former President and CEO of Carnival Corporation and currently serves as a Director of Bank of America Corporation and Salesforce Inc. Mr. Donald served as President and CEO of Carnival Corporation from 2013 to 2022, accumulating extensive experience in strategic planning, risk management, and governance. During his tenure, he helped Carnival achieve the highest profits in its history and oversaw the successful return of Carnival's fleet into service following the COVID-19 pandemic. Mr. Donald was appointed CEO after serving as a Director of Carnival Corporation and Carnival plc.

Earlier in his career, Mr. Donald served as CEO of The Executive Leadership Council, The Juvenile Diabetes Research Foundation, and Merisant. In addition, Mr. Donald held several senior leadership positions with global responsibilities at Monsanto over a more than 20-year tenure, including President of its Agricultural Group and President of its Nutrition and Consumer Sector. Mr. Donald earned a B.A. in economics from Carleton College, a B.S. in mechanical engineering from Washington University in St.

Louis, and an M.B.A. from The University of Chicago Booth School of Business.