Blame it on the terrible economy of Europe right now. Blame it on the Costa Concordia fallout. Either way Pier Luigi Foschi, Costa Cruises CEO has announced that he will retire effective July 1, 2012. The 65 year old Italian, will still remain with Carnival plc. as chairman and managing director of Costa. He also will stay on the Board of Directors of Carnival plc. 

Foschi’s replacement will be Michael Thamm. He currently serves as president of AIDA Cruises.

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