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 reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools