Henrique Neves, the CEO of Brazil´s troubled airline Varig, quit his post and was replaced by the company´s deputy chairman Ornar Carneiro da Cunha, who will be the company´s eighth CEO in five years. Varig has struggled in recent years to compete with Brazil´s discount carrier Gol and has consistently lost market share.
Category: People
Posted inMagazine
Learning to Excite
People often say that Latin America’s relevance to the capital markets and the global economy is shrinking and, as a result, investment banks and investors aren’t nearly as interested in […]
Posted inDaily Brief
Embratel May Up Investments
Brazil’s long-distance phone carrier Embratel may invest more than the $540 million initially planned for this year. CEO Carlos Henrique Moreira said that further investments will depend on the success of a capital increase of up to $700 million being carried out by Mexican parent company Telmex. Embratel’s capital increase is slated to be completed on April 27.
Posted inMagazine
A Contender Again
Manuel Medina-Mora, the CEO of Citigroup in Latin America, lays out his plan for the bank’s future
in the region.
Posted inMagazine
Flying High
Latin America’s best-run airline, LAN, has marked its 10th straight year of profits. Enrique Cueto, LatinFinance’s CEO of the Year, is the man who made it happen.
Posted inMagazine
Power of REITs
Roberto Ordorica, CEO of the Latin American arm of US real estate company Prudential Real Estate Investors, explains how REITs could help finance housing and commercial property projects.
Posted inMagazine
Arcor’s Bittersweet Success
With its home country crumpling around it, the Argentine confectionery company Arcor is remarkably solvent, thanks
to Luis Pagani, its farsighted president and LatinFinance’s CEO of the Year.
Posted inMagazine
Rescue Mission II
Phillippe Reichstul has taken over Globo, the Brazilian media group that has hit a rough patch. His stellar performance at Petrobras, the national oil company where he was CEO, made him a shoo-in for his new role.
Posted inMagazine
The Lift Under Embraer’s Wings
Maurício Botelho has transformed Brazil’s regional aircraft maker from a money-losing dud into a profit-driven enterprise that has won the respect and support of the international markets. He is LatinFinance’s CEO of the Year.