TAM Airlines

Billionaire Esteves named to TAM's board of directors

Andre Esteves / Image via Andre Esteves

SAO PAULO - Brazil's leading airline TAM SA (TAM) named Brazilian banker Andre Esteves to its board of directors, the company announced late Friday.

Esteves is chief executive of Brazilian investment firm BTG, which announced earlier this year the acquisition of UBS Pactual from Swiss banking giant UBS AG (UBS) for $2.5 billion.

In addition, TAM also named its former CEO, Marco Antonio Bologna, a member of its board.

Esteves and Bologna will replace former TAM board members Pedrom Pullen Parente and Adalberto de Moraes Schettert.

Maria Claudia Oliveira Amaro continues as board president, while Mauricio Rolim Amaro remains vice president.

Last week, TAM Empreendimentos e Participacoes, or TEP, the holding company that controls TAM, hired BTG to manage its interests with the goal of further developing the businesses.

Comments

Post new comment

Your name: *

E-mail: *

The content of this field is kept private and will not be shown publicly.

Homepage:

Subject:

Comment: *

• Web page addresses and e-mail addresses turn into links automatically.
• Allowed HTML tags: <a> <em> <strong> <h1><h2><cite> <code> <ul> <ol> <li> <dl> <dt> <dd><img><span>
• Lines and paragraphs break automatically.
• Images can be added to this post.
• You may insert YouTube videos with [youtube:ID]

More information about formatting options

CAPTCHA

This question is to prevent automated spam submissions.

What code is in the image?: *

Enter the characters shown in the image without spaces, also respect upper and lower case.