Following shareholder approval of the partnership between Embraer and Boeing, the Brazilian aircraft manufacturer has announced that its current president and CEO, Paulo Cesar de Souza e Silva will step down on 22 April, at the end of his two-year term.
“Paulo Cesar engineered the partnership with Boeing and led the negotiations that will bring Embraer and Brazil to a much more competitive and prominent level in the global aviation industry,” said Alexandre Silva, chairman of the board.
During his 22 years at Embraer, Cesar restructured the company’s sale financing section, before becoming president and CEO of the commercial aviation division. In 2013 he launched the E2 Programme, the medium-sized commercial jets considered today to be the most efficient in the market.
In 2016, Paulo Cesar became the president and CEO of Embraer Group, with a mission to make the company more efficient, competitive and structured to face the challenges of the global aviation market. He was later invited to be a senior advisor to the board, with the task of facilitating the integration of the future president and CEO and, advising the board on the monitoring of assets and resources segregation, an integral part of the process of completing the partnership with Boeing.
Embraer has said the next president and CEO, to be elected will be recruited externally and announced around the next general assembly meeting on 22 April.