Líbano Barroso leaves the role of TAM Linhas Aéreas’ CEO to dedicate himself to the holding company; Marco Antonio Bologna will be CEO of the holding

February 13, 2012 flight2000it

At a meeting held today, the Board of Directors of TAM S.A. approved changes in the structure of the company that were previously due to take effect upon conclusion of the merger with LAN Airlines, as announced to the market on October 28, 2011. Marco Antonio Bologna, CEO of the holding company TAM S.A., will also assume the role of CEO of TAM Airlines.

Líbano Barroso, who was in charge of the airline business of the group since October 2009, will remain CFO and Investor Relations Director of the holding company TAM S.A. until the creation of the LATAM Airlines Group (the holding company that will emerge from the merger of the two airlines), where he will be CFO.

“Líbano will be dedicated to the development of the holding company TAM S.A., which includes the structuring of our company for the future integration with LAN, as soon as all necessary legal requirements for the merger are completed,” says Bologna, who started working at TAM in 2001, going through several positions in the group, including CEO of TAM Airlines.

“I had the honor of leading the company for over two years, during a period of great challenges and achievements,” says Líbano Barroso. “I am happy and excited to be able to continue contributing, and in the future, to help to create one of the largest airline groups in the world.”

Source: TAM