Costa boss retires with million euro pay-off
Former Costa Cruises chief executive Pier Luigi Foschi has been given a 1.25m euro pay-off on his retirement from the board of Carnival.
The cruise boss, who was the public face of the company after the Costa Concordia tragedy in 2012, has stepped down from the board nearly two years later.
He retired as Costa chief executive in July 2012 but continued as chairman of the Italian line.
A mutual separation and settlement agreement has been signed covering 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, said the company.
Mr Foschi will be paid €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.
Diane
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports
Phocuswright reveals the world's largest travel markets in volume in 2025