Carnival says former Costa Cruises CEO retiring

 

MIAMI (AP) – Carnival Corp. said Tuesday that the former CEO of Costa Cruises, the company behind the Concordia disaster, is retiring.

Costa owns the Concordia cruise ship that capsized off the central Italian coast in early 2012. Pier Luigi Foschi was CEO at Costa Cruises when the Concordia slammed into a reef off the Tuscan island of Giglio with more than 4,000 people on board. Thirty-two people died.

Carnival said Tuesday that Foschi, 67, a former elevator company executive, is retiring after 16 years with the company. Foschi retired as Costa Cruises CEO six months after the Concordia disaster. Parent company Carnival later named him head of its business in Asia.

In Asia, vice president of business development Paul Chong and vice president of market development Bill Harber will report directly to Alan Buckelew, the parent company’s chief operations officer.

Carnival said in a regulatory filing Tuesday that Foschi stopped working for the company in November and retired from its board Monday. He is getting a payment 1.25 million euros ($1.7 million) as part of a separation agreement.

Carnival Chairman Micky Arison said in a statement Tuesday that Foschi’s efforts helped transform the company.

Read more Business stories from the Miami Herald

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category