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Brazilian aircraft manufacturer Embraer announced that at a meeting held today its Board of Directors appointed Frederico Fleury Curado to succeed Maurício Botelho as President and CEO of the company.
The new CEO should be elected in April 2007, in accordance to a previously defined and publicly announced schedule. After that date, Maurício Botelho will remain as Chairman of Embraer's Board of Directors, a position he has held since last March 31, with a three-year mandate up to April 2009. Frederico Fleury Curado, 45, was born in Rio de Janeiro and received his undergraduate degree in Mechanical and Aeronautical Engineering from Brazil's Aeronautics Technological Institute (Instituto Tecnológico de Aeronáutica - ITA). In addition, he received a postgraduate degree in Foreign Trade at the Getúlio Vargas Foundation (Fundação Getúlio Vargas - FGV) and has completed the International Executive MBA program at the São Paulo University (Universidade de São Paulo - USP). Since 1984, Curado has occupied several positions at Embraer in different areas, such as production, quality, planning, organizational development and commercial. The experience that he has gained while at the company together with the strong leadership shown during the difficult years prior and after the company's privatization qualified him to become a member of the key team led by Maurício Botelho, responsible for Embraer's turnaround and re-structure. As Embraer Executive Vice-President for Airline Market, during the last eight years, Curado has been leading this business unit with significant results, notably: the consolidation of the ERJ 145 family in the market, the launch, introduction and good acceptance of the EMBRAER 170/190 family in the world market, the growth of the Company's customer portfolio, the establishment of operations in Singapore and China and the expansion of Embraer customer support services worldwide. This announcement, nine months before completion of the succession process, aims at ensuring a smooth and harmonious transition process. During this time period, Embraer's Chairman of the Board, President and CEO Maurício Botelho will continue at the helm of Embraer. Empresa Brasileira de Aeronáutica S.A. - www.embraer.com.br
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