Cruise operator Carnival has appointed the Chairman and former Chief Executive Officer of Costa Cruises, Pier Luigi Foschi, to oversee the company's growth strategies within the expanding Asian region.
Foschi will now be responsible for establishing Carnival's new corporate offices in Singapore and providing guidance and assistance to the organisation's various operating units in pursuing their Asian cruise strategies.
The Asian operations currently consist of three ships, based in China, Japan and Singapore.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Foschi, who retired from his role as Chief Executive Officer 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.
The share price fell 0.62% to 2,247p by 16:39.
NR
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
