After 25 years, in March the CEO of Latam Airlines retires – MercoPress

After 25 years, in March the CEO of Latam Airlines retires

Cueto said that the announcement is done in an environment of solidity and stability. ”Today we are the leader in the connectivity of the region in the world, we are among the most punctual airlines of the world.

After 25 years, Enrique Cueto Plaza will leave the position of CEO of Latam Airlines Group, which will take place on March 31, 2020, according to the company in an Essential Fact. Enrique Cueto will be replaced by the current Commercial Vice President of Latam, Roberto Alvo Milosawlewitsch.

The Chairman of the Board of Directors of Latam, Ignacio Cueto, said that “this announcement is made in an environment of solidity and stability. Today we are the leader in the connectivity of the region in the world, we are among the most punctual airlines in the world and with a service distinguished by the millions of customers that prefer us, and we have considerably improved our financial position ”.

According to Latam, this appointment comes after a planned succession process that began last year and that included external and internal candidates, and the change that will be made next year will allow a planned transition without neglecting ongoing projects.

The unanimous decision of the board of directors to appoint Roberto Alvo took into account his 18 years of experience in the company, successfully occupying different positions in Finance, Fleet, Planning, and in recent years, leading the Commercial area.

“We are confident that the leadership and deep knowledge of the industry and the Roberto Alvo region will lead us to fly even higher, maintaining the preference of the more than 70 million passengers we transport per year and become one of the most admired airlines in the world, ”Ignacio Cueto said in a statement.