TAM restructuring continues with hiring of new executives

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TAM announced that it has completed another phase in its organizational restructuring.

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TAM announced that it has completed another phase in its organizational restructuring. In this phase, Ricardo Froes comes to the company as the new vice president of finance, management and IT, reporting to the president, Libano Barroso, who has been fulfilling this role on an interim basis since he assumed the presidency in October 2009.

Before coming to TAM, Froes was the financial director of Solvi Participacoes, and was responsible for the treasury, project financing, insurance, planning and legal-strategic areas. At CCR – Companhia de Concessoes Rodoviarias – where he also held the office of financial director, he was responsible for investor relations, as well as treasury, project financing, and insurance areas. He graduated with a degree in economics from Minas Gerais Federal University (Universidade Federal de Minas Gerais), and holds an MBA in Finance from IBMEC.

Another step in the direction of a precise definition of the corporate functions was taken with the creation of the vice presidency of supply and contracts. Jose Zaidan Maluf, who joined TAM in 1995 and since 2000 has been responsible as the director of international contracts, assumes this office. With more than 30 years of experience in the aeronautic and airports industry, Maluf graduated with a degree in electrical engineering from the Maua – Brazil School of Engineering (Escola de Engenharia Maua – Brasil) and holds an MBA from IBMEC.

Furthermore, in February TAM re-established the vice presidency of knowledge management and human resources, aligned with the company’s focus on the principles of “spirit of serving and passion for aviation.” Claudio Costa, with 20 years of experience in human resources, was hired as the VP in this area. Before joining TAM, he was the director of a business unit of Hay Group, where he was responsible for strategic project planning and organizational development in companies like Petrobras, Cielo, Vallourec & Mannesmann, Vale, and SHV Gas Brasil, among others. He also had experience with Accenture, Grupo Fiat, and Bank Boston. He graduated in business administration from FAAP in Sao Paulo and holds an MBA of company management from PUC – Minas.

“The new structure shows our obsession in building a culture of high performance. We believe that culture is made with examples and processes, and mainly focus[es] on people,” said Libano Barroso, president of TAM Linhas Aereas.

The improvement of governance in the group, with the share of responsibilities between new business development and airline operations, was announced on March 31 of this year, appointing the executive Marco Antonio Bologna for the presidency of the holding TAM SA responsible for the business development group and its adjacent institutional relationship. Libano Barroso continues as president of TAM Linhas Aereas, in charge of airline operations (passenger and cargo), which includes TAM Linhas Aereas, TAM Airlines (former TAM Mercosur), Pantanal Linhas Aereas, and TAM Viagens. He will continue as director of investor relations of the holding TAM SA.

In an election on April 30, the general board of directors approved the appointment of Bologna for the presidency of the holding.

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