Costa Group appoints new CEO to steer the ship

CARNIVAL Corporation has appointed Michael Thamm as the new CEO of Costa Group. He will take over from incumbent Pier Luigi Foschi, who will retire on July 1.

Thamm, currently serving as president of Germany-based AIDA Cruises, will relocate to Genoa, Italy, where he will oversee the operations of Costa Cruises, AIDA Cruises and Ibero Cruises. He will also serve on Costa’s board of directors.

Foschi, who joined Costa Cruises in 1997 and was elected chairman of the board in 2000, will stay on as chairman and managing director of Costa Group, and will also remain on the board of directors of Carnival Corporation.

Meanwhile, AIDA senior executive Michael Ungerer has been promoted to president of AIDA Cruises, and Gianni Onorato will continue to head Costa Cruises as president.

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