SAO PAULO, Brazil, April 27 /PRNewswire/ --
- Maria Claudia Amaro appointed chairman and Pedro Parente replaces Henri Philippe Reichstul
At the General Ordinary Meeting held today at TAM's (Bovespa: TAMM4 and NYSE: TAM) headquarters in Sao Paulo, Maria Claudia Oliveira Amaro Demenato was elected Chairman of the Board of Directors of the Company, replacing Noemy Almeida Oliveira Amaro, who remains as a member of the Board. Mauricio Rolim Amaro was elected the vice-chairman. The independent members -- Luiz Antonio Correa Nunes Viana Oliveira, Waldemar Verdi Junior, Roger Ian Wright and Adalberto de Moraes Schettert -- were reelected. Henri Philippe Reichstul leaves the Board and will be substituted by the engineer Pedro Pullen Parente.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO )
The changes observed at the chairman and vice-chairman levels are part of the continuous process to demonstrate the commitment of the controllers to the company, to the development of the business, to management and to TAM's strategic plan. Maria Claudia, Mauricio and Noemy Amaro have been members of the Board for years and participate in Committees to support the work of other members. With the changes promoted today, they reaffirm to the market and to investors their dedication to the Company, working for the Company's sustainability and growth.
Pedro Parente assumes a one-year mandate as a member of the Board. Currently, he is the vice-president of Rede Brasil Sul. He was a chief minister for the Civil House and Executive of the Brazilian Ministry of Finance between 1994 and 2002. He was also a consultant for the IMF (International Monetary Fund).
Besides the changes in the Board of Directors, the Meeting approved 2006 financial results, as well as the usage of proceeds.
Investor Relations Contact Press Agency Contact:
Phone: +55-11-5582-9715 Phone: +55-11-5582-8167
Fax: +55-11-5582-8149 Fax: +55-11-5582-8155
invest@tam.com.br tamimprensa@tam.com.br
http://www.tam.com.br/ri
About TAM:
TAM (http://www.tam.com.br) has been the leader in the Brazilian domestic
market for more than three years, and held a 51.7% domestic market share and
62.9% international market share at the end of March 2007. TAM operates
regular flights to 48 destinations throughout Brazil. It serves 75 different
cities in the domestic market through regional alliances. Additionally, it
maintains code-share agreements with international airline companies that
allow passengers to travel to a large number of destinations throughout the
world. TAM was the first Brazilian airline company to launch a loyalty
program. Currently, the program has over 3.8 million subscribers and has
awarded more than 4.2 million tickets.
Web site: http://www.tam.com.br
