TAM Takes First Place in Investor Ranking
December 14 2007 - 8:00AM
PR Newswire (US)
Company chosen most shareholder-friendly and managed by best
executives in the industry in Brazil SAO PAULO, Brazil, Dec. 14
/PRNewswire-FirstCall/ -- Institutional investors in Brazil and
abroad have named TAM (Bovespa: TAMM4 and NYSE: TAM) the Most
Shareholder-Friendly Company in Brazil in the airline and
transportation industry, according to a survey in the December
issue of Institutional Investor magazine. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO )
Portfolio managers and analysts at more than 115 institutions
consulted by the magazine also named TAM's vice-president for
Finance and Management, Libano Barroso, the best Chief Financial
Officer (CFO) in the industry in Brazil. "The survey result
represents recognition by the market of our commitment to a high
level of corporate governance and transparency," says Barroso.
Marco Antonio Bologna, currently advisor to the holding company
Familia Amaro - TAM Empreendimentos e Participacoes S/A (TEP), was
elected the third best Chief Executive Officer (CEO) of the
industry in Brazil. Bologna headed the company from January 2004 to
November 28, 2007, when he handed over the position to Comandante
David Barioni Neto, TAM's new president. Institutional Investor
magazine is a specialized monthly publication focused on the
investment community, with more than 130 thousand readers around
the world. Investor Relations Contact: Press Agency Contact: Phone:
(55) (11) 5582-9715 Phone: (55) (11) 5582-8167 Fax: (55) (11)
5582-8149 Fax: (55) (11) 5582-8155 http://www.tam.com.br/ri About
TAM: TAM (http://www.tam.com.br/) has been the leader in the
Brazilian domestic market for more than four years, and held a
49.9% domestic market share and 73.2% international market share at
the end of November 2007. TAM operates regular flights to 47
destinations throughout Brazil. It serves 81 different cities in
the domestic market through regional alliances. Additionally, it
maintains code-share agreements with international airline
companies that allow passengers to travel to a large number of
destinations throughout the world. TAM was the first Brazilian
airline company to launch a loyalty program. Currently, the program
has over 4.3 million subscribers and has awarded more than 4.7
million tickets.
http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO
DATASOURCE: TAM CONTACT: Libano Miranda Barroso, TAM Investor
Relations, +011-55-11-5582-9715, fax, +011-55-11-5582-8149, Web
site: http://www.tam.com.br/
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