SÃO PAULO, July 28, 2016
/PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. -
"GLAI" or "Group" (BM&FBOVESPA: GOLL4 and NYSE: GOL),
Brazil's largest air
transportation and travel services group, with annual revenues of
R$10 billion, today announced the
nomination of new board members and Richard
Lark's election as its Executive Vice President, Chief
Financial Officer and Investor Relations Officer.
Edmar Prado Lopes Neto, who held
these functions since 2012, will take on new challenges within the
Group after the transition is completed.
Richard led these functions from April
2003 to June 2008, a period of
shareholder value creation during which GLAI grew to more than 100
aircraft and annual revenues of over R$6
billion, went public in a simultaneous listing on the
BM&FBOVESPA and the NYSE, raised US$2
billion in long-term financing and effected the acquisition
of Varig's passenger transportation and Smiles loyalty program
operations. Since June 2008 he
has been part of GLAI's Board of Directors and led a private equity
investment firm, managed and restructured companies, and acted as
board member of various private and public enterprises.
Previously, Richard was the founding director and CFO of
Americanas.com and an executive of investment banks Morgan Stanley,
Citicorp and First Boston.
GLAI initiated a financial and operational restructuring plan in
mid-2015 in response to the challenges posed by the Brazilian
macroeconomic scenario. With the advances in operational
efficiency, this plan is in final stages of implementation.
"Richard has overseen the various stages of our restructuring plan
and has accepted the invitation to contribute more decisively to
the Group's value creation efforts, GLAI's recapitalization process
and its resumption of profitable growth. We continue
improving the allocation our talents and will soon announce Edmar's
new challenges within the Group once the transition is completed",
said Paulo Kakinoff, GLAI's CEO.
In compliance with the Group's corporate governance practices,
Richard leaves his positions as GLAI's board independent member and
as financial expert of the Audit Committee. The Financial
Policy and Risk Policies Committees will continue under the
leadership of Richard. Henrique
Constantino also leaves his position at the Group's Board of
Directors.
André Jánszky has been nominated to assume Richard's seat on the
board. André is a corporate lawyer with degrees from
NYU and Fordham Law School, is the
managing partner of the São Paulo office of the international law
firm Milbank, Tweed, Hadley & McCloy, and also leads the
activities of the firm in Latin America. André is cited by
industry journals as one of the leading US lawyers practicing in
Brazil, and has extensive
experience in capital markets financings, mergers and acquisitions,
private equity investments, and other corporate transactions.
Anna Luiza Constantino has been
nominated to replace Henrique on the board. Anna is a financial
analyst with a BS degree in finance from the University of Central Florida. She works in
analysis and research at Bloomberg Intelligence in New York and she has worked in finance and
control at Lockheed Martin. The appointed new board members,
André Jánszky and Anna Luiza
Constantino, shall be elected at GLAI's Extraordinary
General Meeting (EGM) to be convened in due course.
In April 2016, Germán Quiroga
joined GLAI's Board of Directors, bringing over 25 years of
experience in marketing and technology. He has a degree in
electrical engineering from the Instituto Militar de Engenharia
(IME) and a master's degree in digital systems from the Escola
Politécnica of USP. Germán was founder, CIO and CMO of
Americanas.com, CIO and CMO of Cyrela, and founder, CEO and member
of the Board of Directors of Pontofrio.com, e-platform, e-hub, Nova
Pontocom and Cnova. At Cnova he led the Company's IPO on
NASDAQ. He is currently Vice-Chairman of the Board of
Directors of Totvs.
Constantino de Oliveira Junior,
Chairman of GLAI's Board, commented "we are injecting new blood in
our board and strengthening its composition with professionals with
extensive, diverse and complementary experience. We are
convinced that this will lead us to an even higher level of value
creation for our shareholders".
André Jánszky shall take in addition to the independent director
seat, Richard's position on the Audit Committee. Thus, this
Committee will then have Antonio Kandir, Germán Quiroga and André
Jánszky as its members.
For further information visit
www.voegol.com.br/ir
Investor Relations
Richard
Lark
Thiago Stanger
ri@voegol.com.br
www.voegol.com.br/ri
+55(11)2128-4700
About GLAI - GOL Linhas Aéreas Inteligentes S.A.
(www.voegol.com.br): Brazil's
largest air transportation and travel services group, with annual
revenues in excess of R$10 billion,
with three main businesses: passenger transportation, cargo
transportation and coalition loyalty program. GOL is
Latin America's largest low-cost
and low-fare carrier, operating approximately 860 daily flights to
65 destinations, being 13 international in South America and the Caribbean. GOLLOG
is the cargo transportation and logistics business serving more
than 3,000 Brazilian municipalities and, through partners, 90
international destinations in 47 countries. SMILES is one of
the largest coalition loyalty programs in Latin America, with over 11 million registered
participants, allowing clients to accumulate miles and redeem
tickets for more than 700 locations worldwide. GLAI shares
are traded on BM&FBOVESPA (GOLL4) and NYSE (GOL), GLAI has the
following ratings CCC (Standard & Poor's), IDR (Fitch) and Caa3
(Moody's).
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SOURCE GOL Linhas Aéreas Inteligentes S.A.