Pier Luigi Foschi Appointed Chairman and CEO of Carnival Asia Cruise

Establishing Carnival Corporation & plc’s new corporate offices in Singapore and running the company’s growth strategies within the Asian region will be the main responsibilities of Pier Luigi Foschi, who has been named chairman and chief executive officer of the new Carnival Asia unit.

He will also provide guidance and assistance to the organization’s various operating units in pursuing their Asian cruise strategies.

Micky Arison, Carnival Corporation & plc’s chairman and CEO, said Asia is an important part of the company’s global strategy and establishing a new office in Singapore and appointing an experienced executive will help to increase presence in the region.

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

Foschi retired as CEO of Costa Cruises in July. He 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 knowledge and experience in the Asian marketplace. He managed 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 lived in Hong Kong and Singapore for many years while serving as executive vice president of Pacific Asia operations for the Otis Elevator Company.

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