Libano Barroso Confirmed as President of TAM
29 December 2009 - 4:04AM
PR Newswire (US)
His tenure will involve multi-businesses aligned with aviation SAO
PAULO, Dec. 28 /PRNewswire-FirstCall/ -- The Board of Directors of
TAM S.A. (NYSE:TAMNYSE:andNYSE:Bovespa:NYSE:TAMM4) has confirmed
today (December 28) the executive Libano Miranda Barroso as
Director President of TAM S.A. and TAM Linhas Aereas. Barroso had
previously earned the titles of interim president as well as Vice
President of Finance, Management and IT since the departure of
Commander David Barioni Neto on October 9 of this year. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) Barroso
first came to TAM in 2004, when he assumed the positions of Vice
President of Finance and Management, and Director of Investor
Relations, where he played a major role in the company's IPO. He
was one of the strategists for the project of transforming TAM into
a group of multi-businesses aligned with aviation, such as the
recently announced customer loyalty initiative Multiplus
Fidelidade. With a solid background in finance, an area where he
worked for more than 20 years, he has worked at the Real, Nacional
and Safra banks. He established a distinguished career at large
companies such as Andrade Gutierrez Concessoes on its Project
Finance team. Prior to his arrival at TAM, he held the position of
Director of Finance and Investor Relations for Companhia de
Concessoes Rodoviarias (CCR), where he was in charge of the
company's IPO, which was the first to take part in Bovespa's Novo
Mercado (New Market). Barroso is an economist who earned his degree
from the School of Economic Sciences at the Universidade Federal de
Minas Gerais (UFMG), in addition to an MBA in Finance from IBMEC
and post-graduate study in Business Law at the Fundacao Getulio
Vargas (FGV). At TAM, he has twice been elected best Chief
Financial Officer (CFO) for Brazil's sector of Aerospace, Transport
and Industry by the U.S. publication Institutional Investor
Magazine. According to Maria Claudia Amaro, president of the Board
of Directors at TAM S.A., Libano Barroso "is the right president at
the right time. He has recognized experience in the area of
finance, and, as a manager, he is significantly focused on costs.
He is exactly what the company needs at this moment when excellent
prospects for growth have been forecast." "Libano knows TAM as few
others do, and he is perfectly integrated with the group culture.
To us, increasing the worth of the company is always grounds for
satisfaction. And," she underscored, "we found the best candidate
to meet our goals for growth and service excellence right here in
the company."
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
DATASOURCE: TAM S.A. CONTACT: Libano Miranda Barroso, TAM,
+011-55-11-5582-9715, fax, +011-55-11-5582-8149,
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