GOL nominates new board members, reorganizes management

GOL Linhas Aéreas Inteligentes S.A. (BM: GOLL4) (NYSE: GOL), has nominated new board members and elected Richard Lark as executive vice president, chief financial officer and investor relations officer, the company said.

Lark served the company from 2003-2008 during which GLAI grew to more than 100 aircraft and annual revenues of over BRL6.0 billion and acquired Varig´s passenger transportation and loyalty program operations.

Since June 2008, he has been part of GLAI´s board of directors and led a private equity investment firm, managed and restructured companies, and acted as board member of various private and public enterprises.

GLAI initiated a financial and operational restructuring plan in mid-2015 in response to the challenges posed by the Brazilian macroeconomic scenario.

André Jánszky has been nominated to assume Lark´s seat on the board. Also nominated to the board are Anna Luiza Constantino, a financial analyst with Bloomberg Intelligence.

GOL Linhas Aéreas Inteligentes S.A. is a large Brazilian air transportation and travel services group with annual revenues in excess of BRL10 billion, with three main businesses: passenger transportation, cargo transportation and coalition loyalty program.