Subscribe Free
in People

Embraer announces CEO succession

Posted 19 March 2019 · Add Comment

Embraer, following shareholder approval of the transaction with Boeing, announces that the current President and CEO of the company, Paulo Cesar de Souza e Silva, concludes a successful professional cycle with the company on April 22, 2019 - which is the end of his current two year elected term.

 

"Paulo Cesar idealised the partnership with Boeing and led the negotiation process of the transaction that will bring Embraer and Brazil to a much more competitive and prominent level in the global aviation industry," said Alexandre Silva, chairman of the Board.

For 22 years at Embraer, de Souza e Silva, came from the financial market to structure the company's sales financing area. For six years he was President and CEO of Commercial Aviation and in 2013 launched the E2 Program, the medium-sized commercial jets considered today to be the most efficient in the market.

In 2016, de Souza e Silva, became President and CEO of the Embraer Group, with a mission to make the company more efficient, competitive and better prepared to face structural changes in the global aviation market.

His administration established three key initiatives focused on value creation and the sustainability of the company. The first was the transaction with Boeing. The second was the creation of the Passion for Excellence programme, a structural transformation project focused on reducing costs and increasing operational efficiency, generating significant annual recurring savings. The third was the creation of EmbraerX, responsible for disruptive innovation and the development of opportunities for the future, such as eVTOL (electric vertical take-off and landing vehicle), a project that will revolutionize urban transport in partnership with Uber.

"Without the support of the Board and Embraer's 18,000 employees and colleagues, none of our achievements would have been possible,” said de Souza e Silva,. "We are challenged to remain at the forefront of engineering and operations. In Executive Aviation and Defense, and with the KC 390 joint venture with Boeing, we will expand our international competitiveness and everything indicates that we will have another 50 years of success ahead.” And he added: "I am sure that the new leadership of the company will find fertile ground ahead to expand and consolidate Embraer." 

de Souza e Silva, was invited to be a Senior Advisor to the Board, with the task of facilitating the integration of the future President and CEO and advising the Board on the monitoring of assets and resources segregation, an integral part of the process of concluding the partnership with Boeing. As it was reported, 96.8% of Embraer's shareholders approved an agreement with the North American company last February, which should be concluded after obtaining all approvals of the Regulatory and Competitive Agencies in Brazil and abroad.

Embraer also informs that the future President and CEO, to be elected for the next term, will be recruited externally and announced on or before the Ordinary General Assembly on April 22nd.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Air Arabia Abu Dhabi agreement sparks talk of Emirates merger with Etihad Airways

Following the news that Etihad Aviation Group and Air Arabia have signed of an agreement to launch Abu Dhabi’s first low-cost airline, this has ‘rekindled’ talk of an Emirates merger with Etihad Airways, according to GlobalData.

Turkish Technic and Satair sign agreement to support Airbus fleet management

Turkish Technic and Satair have signed a strategic General Terms Agreement (GTA) to facilitate further business growth between the two entities.

Spatial to manufacture a Water Evacuation Trainer for Singapore Airlines

Spatial, a provider of cabin crew training simulators based in the UAE, is to manufacture a Water Evacuation Trainer for Singapore Airlines.

MNG Airlines signs new base manintenance agreement With Joramco

Joramco, the Amman based MRO and the engineering arm of Dubai Aerospace Enterprise (DAE), has signed a new base maintenance agreement with MNG Airlines; a Turkish cargo airline headquartered in Istanbul, to perform three C checks on two

Emirates announces commercial management rotations

Emirates has made several key management movements across its commercial operations team in the Middle East, Far East, Europe and Emirates Skywards.

EgyptAir in expansion of cooperation with Optiontown

EgyptAir has announced the expansion of cooperation with Optiontown for optimum travel services.

AVMENA20 SK1309100620
See us at
BIDEC BT0108301019Dubai AS BT2006211119AVAFA20BT2607050320DIAC19_BT0509161119Global Aircraft Maintenance BT0910061119AVMENA20 BT1309100620