This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Carnival Corporation & Plc Appoints Pier Luigi Foschi To Oversee Company's Asian Cruise Strategies

MIAMI, Sept. 12, 2012 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has appointed Costa Cruises Chairman Pier Luigi Foschi to oversee the company's growth strategies within the rapidly expanding Asian region.

In his role as chairman and chief executive officer of the new Carnival Asia unit, Foschi will be responsible for establishing Carnival Corporation & plc's new corporate offices in Singapore and providing guidance and assistance to the organization's various operating units in pursuing their Asian cruise strategies.    

Currently, Carnival Corporation & plc's Asia operations include two Costa Cruises ships based in China and Singapore and Princess Cruises' Sun Princess, which will launch a series of voyages from Japan next spring.

Foschi, who retired as CEO of Costa Cruises in July, will continue to serve in his current role of chairman and a managing director of the Costa group and as a member of the board of directors of Carnival Corporation & plc.

Foschi has extensive experience in the Asian marketplace, overseeing Costa's initial entry into the region in 2006 and has also maintained excellent relationships with local government and tourism officials.  Additionally, prior to joining Costa, Foschi resided in Hong Kong and Singapore for many years while serving as executive vice president of Pacific Asia operations for the Otis Elevator Company.

"With Asia such an important part of our global strategy, it's critical that we increase our presence in the region by establishing this new office in Singapore and appointing an experienced executive to coordinate our current operations and our future expansion efforts," said Micky Arison, Carnival Corporation & plc's chairman and CEO.   "Pier is the ideal candidate for this new role and considering that his responsibilities at Costa are winding down, we are delighted that he agreed to oversee our growth strategies in this emerging cruise region," he added.  

Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises ( Australia) and P&O Cruises (UK). 

Together, these brands operate 100 ships totaling 202,000 lower berths with seven new ships scheduled to be delivered between March 2013 and March 2016.  Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices. 

SOURCE Carnival Corporation & plc

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs