Carnival Corporation and its subsidiary, Costa
Crociere, have announced that Pier Luigi Foschi will retire as the
cruise operator’s Chief Executive Officer effective 1 July 2012.
Foschi, 65, will remain as Chairman and a
managing director of the Costa Group and remain on the Board of
Directors of Carnival Corporation & plc.
The moves are part of a long-term succession
plan which included the scheduled retirement of Foschi once he
reached the age of 65 last September.
Michael Thamm, currently serving as President of
Germany-based AIDA Cruises, has been appointed CEO of the Costa
Group, which includes Costa Cruises and AIDA Cruises, as well as
Spanish cruise operator Ibero Cruises. Thamm will also serve on
Costa's Board of Directors.
Thamm will relocate to Genoa, Italy, and,
in his new role, will report to Costa’s Board of Directors, which,
in addition to Foschi, includes Micky Arison and Howard Frank,
Carnival Corporation & plc’s Chairman and CEO, and Vice Chairman
and Chief Operating Officer, respectively.
Longtime AIDA senior executive Michael Ungerer
has been named AIDA Cruises’ President and Gianni Onorato will
continue in his role as President of the Costa Cruises brand.
Foschi joined Costa Crociere in 1997 and was elected Chairman of
the Board in 2000. Over the past 15 years, Foschi has played an
integral role in the company’s tremendous growth and success
while building upon its distinction as Europe’s number one cruise operator. Under Foschi’s leadership, the
launched an 11 billion euro fleet expansion program.
Crociere S.p.A. has one of Europe’s largest fleets: 25 ships (14 Costa
Cruises, 8 AIDA Cruises, 3 Iberocruceros) with total guest capacity of around 61,500. Six more new ships are set to enter
service for the group by 2016 (2 for Costa Cruises, 4 for AIDA
Since 2000 Foschi has presided over an increase in
the company’s revenues from 572.4 million euros to 3.1 billion
euros in 2011 (+ 540 %), with profits also constantly growing
over the last 10 years. Also in the period from 2000 to 2011, the number
of total guests carried rose from 363,000 to 2.3 million.
his role as Costa’s Chairman, Foschi will continue to oversee the
company’s government relations and matters related to the Costa
Concordia accident, and spearhead a number of strategic
“Pier has made it known for some time that he
intended to retire once he turned 65 and today’s announcement
is part of our longtime succession plan that allows us to tap
into our talented management team to find qualified individuals to
oversee our brands,” Arison said. “Pier has developed Costa
into a very successful and profitable organization and we wish
to thank him for his many years of dedicated service. At the
same time, Michael has done a superb job managing AIDA Cruises and
we have every confidence that Michael will continue these
efforts at the helm of Costa.”
All of the
various appointments are subject to approval by Costa’s Board.
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