Posted on: 29 July 2016 by Mark Howells
GOL Linhas Aéreas Inteligentes has announced that as well as appointing new board members, it has elected Richard Lark as the group’s new EVP, CFO and investor relations officer.
Lark will replace Edmar Prado Lopes Neto, who has held the aforementioned positions since 2012 but will take on new challenges with GOL after the transition is completed.
Lark already has experience in the roles, having inhabited them himself between April 2003 and June 2008. Since June 2008, Lark has been part of GOL’s board of directors and led a private equity investment firm, managed and restructured companies, and acted as a board member of various private and public enterprises.
This new move is part of the final phases of GOL’s financial and operational restructuring plan which began in mid-2015. Paulo Kakinoff, GOL’s CEO, explained, “Richard has overseen the various stages of our restructuring plan and has accepted the invitation to contribute more decisively to the group’s value creation efforts, GOL’s recapitalisation process and its resumption of profitable growth. We continue improving the allocation of our talents and will soon announce Edmar’s new challenges within the group.”
In compliance with the group’s corporate governance practices, Lark will leave his positions as GOL’s board independent member and as financial expert of the Audit Committee, but the Financial Policy and Risk Policies Committees will continue under his leadership. Henrique Constantino is also leaving his position on GOL’s board of directors.
André Jánszky, the managing partner of the São Paulo office of law firm Milbank, Tweed, Hadley & McCloy, will assume Lark’s seat as independent director on the board as well as his position on the Auditing Committee. Financial analyst Anna Luiza Constantino will replace Henrique Constantino. In April 2016, Germán Quiroga joined GOL’s board of directors, bringing over 25 years of experience in marketing and technology.
Constantino de Oliveira Junior, chairman of GOL’s board, commented, “We are injecting new blood into our board and strengthening its composition with professionals with extensive, diverse and complementary experience. We are convinced that this will lead us to an even higher level of value creation for our shareholders.”