GOL Announces New Chief Executive Officer
18-Jun-2012 GOL Linhas Aéreas Inteligentes S.A. (BM&FBovespa: GOLL4 and NYSE: GOL), (S&P: B+, Fitch: B+, Moody`s: B3), the largest low-fare, low-cost airline in Latin America, hereby announces, pursuant to CVM Instruction 358, as amended, that in a Board of Director's Meeting held on this date, Paulo Sergio Kakinoff was elected as the new Company's Chief Executive Officer (CEO). Paulo Sergio Kakinoff will be invested in the new position as the CEO as of July 2, 2012. The position is currently occupied by Constantino de Oliveira Junior.
Constantino de Oliveira Junior will be elected as Chairman of the Board of Directors. A Company's Extraordinary General Meeting will be called to take place on July 6, 2012 for that purpose. Paulo Sergio Kakinoff is also resigning as a member of the Board of Directors, function he occupied since 2010; there will be no other changes in the composition of the Board.
According to Constantino de Oliveira Junior, "The coming of Kakinoff represents another key move in the Company's corporate governance and will add records of achievement, and bring a new dynamic and extensive experience in management."
Paulo Sergio Kakinoff leaves Volkswagen Group, where he served for 19 years, and was the President of Audi Brazil. "The Board of Directors will focus on strategic issues, in an active way, in which Junior's leadership and experience will be essential. It will add up in the pursuit of a common goal which is the sustainable growth and GOL's success," said Kakinoff.
The Company's organizational structure remains unchanged. The company will continue having a Technical and Operational Vice President, held by Commander Adalberto Bogsan, and a Finance and Strategy Vice President, held by Leonardo Pereira.
The changes were defined within the strict governance standards, with participation of the Board of Directors during all the process.
Prior to the presidency of Audi Brazil, Paulo Sergio Kakinoff was Sales & Marketing Director at Brazil's Volkswagen and South America Executive Director at the headquarters of the Volkswagen Group in Germany. Graduated in Business Administration from Mackenzie University, with postgraduation studies in International Management.