TAM Taps Libano Barroso as new Director President

The board of directors of TAM S.A. has confirmed executive Libano Miranda Barroso as director president of TAM S.A. and TAM Linhas Aereas.

Barroso had previously earned the titles of interim president as well as vice president of finance, management, and IT since the departure of Commander David Barioni Neto on October 9 of this year.

Barroso first came to TAM in 2004 when he assumed the positions of vice president of finance and management and director of investor relations where he played a major role in the company’s IPO.

He was one of the strategists for the project of transforming TAM into a group of multi-businesses aligned with aviation, such as the recently-announced, customer loyalty initiative Multiplus Fidelidade.

With a solid background in finance, an area where he worked for more than 20 years, he has worked at the Real, Nacional and Safra banks. He established a distinguished career at large companies such as Andrade Gutierrez Concessoes on its Project Finance team.

Prior to his arrival at TAM, he held the position of director of finance and investor relations for Companhia de Concessoes Rodoviarias (CCR) where he was in charge of the company’s IPO, which was the first to take part in Bovespa’s Novo Mercado (New Market).

Barroso is an economist who earned his degree from the School of Economic Sciences at the Universidade Federal de Minas Gerais (UFMG), in addition to an MBA in Finance from IBMEC and post-graduate study in Business Law at the Fundacao Getulio Vargas (FGV). At TAM, he has twice been elected best chief financial officer (CFO) for Brazil’s sector of Aerospace, Transport, and Industry by the US publication Institutional Investor Magazine.