About to complete ten years in the presidency GoalPaolo Kakinov will leave the company on June 30. Celso Ferrer will replace the CEO, who is currently the airline’s vice president of operations.
Kakinoff will remain on the Gol board of directors. It will also continue on the boards SusanooGive safe haven he is from Let’s go group. By 2023, Kakinoff is expected to be removed from executive positions.
Gol’s succession has been planned for three years and Ferrer has already been cited in the marketplace as an obvious choice for the position if the company selects an executive from within the organization. Ferrer studied Business and International Relations, holds an MBA from Insead and also served as Vice President of Planning at Gol.
Last week, Gol announced that it would, in partnership with Colombian Avianca, create a new holding company, Grupo Abra, which would control the two companies, as well as own a stake in Viva, of Colombia, and Sky Airline, of Chile. The deal – which still needs approval from regulators – is expected to help companies reduce their costs at a time when the sector is grappling with the remnants of the Covid-19 crisis and rising fuel prices.
The new group, based in the UK, will be privately owned. Investors (especially Elliot Fund, according to stadium) to inject up to 350 million US dollars in the shares of the holding company, in order to ensure the liquidity of the group. Despite the deal, Gol and Avianca will continue to operate separately.
And Salvadoran Roberto Crete, a shareholder in Avianca, will be chairman of the new group’s board of directors. Crete owns Taca and was responsible for the company’s merger with Avianca in 2009. He also founded the Mexican company Volaris in 2006. Constantino de Oliveira Jr., from Jules, will be the CEO of the group.
Adrian Neuhauser, current president of Avianca, and Richard Lark, current chief financial officer of Gol, will be co-chairs of the group, while maintaining their existing roles with the airlines.
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