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Wrong Pier Foschi?

Mr. Pier Luigi Foschi

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Company Description

The magazine for Remote Communications Exploration A resource for buyers and suppliers of telecommunications destined for remote & harsh environments ... more

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Background Information

Employment History

Lipcon , Margulies & Alsina , P.A.

Chief Executive Officer

Costa Crociere S.p.A

Senior Positions

Otis Elevator Company


Board Member
Green Business Works

Board Member
City Theatre Inc

Board Member

Carnival Corp.

Member of the Executive Committee

Web References (152 Total References)

Pier Luigi Foschi Carnival ... [cached]

Pier Luigi Foschi Carnival Corporation | Press Center | Biography

Pier Luigi Foschi Chairman Costa Crociere S.p.A
Pier Luigi Foschi has been the chairman of Costa Crociere S.p.A. since 2000 and a director of Carnival Corporation and Carnival plc since April 2003. In September 2012, Mr. Foschi was appointed chairman and chief executive officer of Carnival Asia, responsible for coordinating our brands' strategies for growing their business in Asia. Mr. Foschi also served as chief executive officer of Costa from 1997 until 2012.
In addition to his duties at Costa, Mr. Foschi is a member of the Executive Committee of Confitarma, the federation of Italian ship owners, and founder and former Chairman of the European Cruise Council, an organization consisting of Europe's main cruise companies.
Mr. Foschi joined Costa following a long and prestigious career at OTIS Elevator Company, the world leader in the elevators and people moving equipment. At OTIS, Mr. Foschi covered increasingly important roles since 1974. In 1990, after working in Italy and France, he moved to Hong Kong and then to Singapore as executive vice president of the OTIS Asia-Pacific operations, with operational responsibility for 14 countries, from Mongolia to Australia, from India to Japan.
In 2007, Mr. Foschi was listed in the "Club 33" - the 33 most important and influential people in the global travel industry as published by the American Travel Weekly Magazine. In June 2010, he was appointed "Knight of the Italian order of merit for labour" by the President of the Italian Republic. Amongst the few Italian senior managers to have reached key positions at international level in global companies, Mr. Foschi speaks English and French fluently and specialized at INSEAD in Fontainebleau (France) after completing his economic-financial education.

: costa : Cruise Law News [cached]

Pier Luigi Foschi was CEO at Costa Cruises at the time of the disaster. Many people believe that Foschi and other senior Costa officials knew that their captains were altering the cruise routes and performing dangerous "flybys" but diverted attention from themselves by foisting all of the attention and blame on Captain Schettino.

Carnival announced yesterday Foschi is retiring from the Carnival organization after 16 years. He had retired from Costa in the summer of 2012, six months after the Concordia capsized. Carnival Corporation then named him as the CEO of the Carnival-Asia operations.
The Miami Herald says that Foschi is receiving a bonus of 1,250,000 euros ($1.7 million) as part of a separation agreement.
According to the Independent newspaper, Foschi was paid $3,970,000 in 2012, for the one year period after the Concordia debacle. He also reportedly has shares worth $4,700,000.
Carnival Chairman Micky Arison praised Foschi yesterday for his contribution to Carnival's business.
The cruise blog Noticias de Cruceros published an interesting article today about the former president and CEO of Costa Crociere, Pier Luigi Foschi.
In his new position, Foschi will be responsible for setting up the new company's corporate offices in Singapore and to direct and assist the operating units of the company in its business ventures in Asia.
Currently, the Asian operations of Carnival Corporation include two ships of Costa Cruises, based in China and Singapore, as well as the Princess Cruises' Sun Princess which will will begin a series of routes from Japan next spring.
Mr. Foschi will continue in his current position as president and CEO of the Costa group, and will remain a member of the board of directors of Carnival Corporation. As the president of Carnival Asia, he extensive experience in the Asian market, having overseen Costa entry in the region in 2006.

Costa's Chief Executive ... [cached]

Costa's Chief Executive Officer Pier Luigi Foschi said Mr Schettino changed a pre-programmed route to make a manoeuvre that was "unauthorised, unapproved and unknown to Costa".

In this case, the captain decided to change the route and he went into waters that he did not know in advance," Mr Foschi said.
Transcripts of conversations between Capt Schettino and the coastguard suggested he did not at first tell them the gravity of the damage - saying only that there had been a power blackout - and then fled to a lifeboat before all passengers had been evacuated.

MIAMI (January 7, 2014) - Carnival ... [cached]

MIAMI (January 7, 2014) - Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK) announce that its joint current report on Form 8-K was filed with the U.S. Securities and Exchange Commission on January 7, 2014 that Pier Luigi Foschi, a member of the Boards of Directors of Carnival Corporation and Carnival plc (together, the "Companies"), Chairman of Costa Crociere, S.p.A. and Chairman and Chief Executive Officer of Carnival Asia, a division of Carnival plc, notified the Companies on January 6, 2014 that he will be retiring from the Boards of Directors effective January 6, 2014 and from employment with the Companies which concluded November 30, 2013.

On January 6, 2014, the Companies, along with Costa Crociere, S.p.A. and Carnival Asia (collectively, "Carnival") entered into a Mutual Separation and Settlement Agreement (the "Settlement Agreement") with Mr. Foschi. The Settlement Agreement provides for, among other things, non-competition, non-solicitation, and confidentiality covenants as well as a general waiver of claims against Carnival, its affiliates, officers and directors by Mr. Foschi. Carnival Corporation will pay Mr. Foschi €1,000,000 in consideration for his waiver of claims and €250,000 in consideration for the non-competition and non-solicitations obligations provided for in the Settlement Agreement.

Pier Luigi Foschi Chairman and Chief ... [cached]

Pier Luigi Foschi Chairman and Chief Executive Officer Carnival Asia and Chairman of

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