Thamm took on the added Carnival Asia role in December last year.
For achieving targets Thamm will also be eligible to receive €1.1m worth of restricted stock units, €465,000 in equity grants and $600,000 in shareholder equity alignment grants.
According to a filing, other benefits include an annual housing allowance of up to €150,000 for accommodations in Genoa, life and disability insurance and health insurance for himself and his family.
Besides being in charge of supervision and strategy for Costa Cruises and AIDA Cruises, and leading Carnival Asia, Thamm is the officer in charge of managing synergies such as Carnival Maritime and Carnival Europe-Asia Technology between Costa Group and Carnival UK. In addition, he is officer in charge of leading newbuild strategies for the creation of a common cutting-edge technology ship platform.
Thamm's contract doesn't specify a fixed place of work but allows him to perform his duties in the offices/countries that best allow him to accomplish his tasks in the interest of the company.
His new contract commenced April 1 and has an indefinite term.
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