TAM Board of Directors Elects New Members
April 30 2008 - 4:15PM
PR Newswire (US)
Marcos Amaro and Alexandre Silva to assume duties as board members;
Maria Claudia Amaro and Mauricio Rolim Amaro re-elected as
President and Vice President, respectively SAO PAULO, Brazil, April
30 /PRNewswire-FirstCall/ -- An Ordinary General Assembly (OGA)
held today at the TAM headquarters (Bovespa: TAMM4 and NYSE: TAM)
in Sao Paulo, elected shareholder Marcos Adolfo Tadeu Senamo Amaro
and former CEO of General Electric in Brazil, Alexandre Goncalves
Silva, as new members of the Board of Directors. In addition to
Alexandre Silva, Adalberto de Moraes Schettert, Luiz Antonio Correa
Nunes Viana Oliveira, Pedro Parente and Waldemar Verdi Junior were
re-elected as independent board members. (Photo:
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) Maria
Claudia Oliveira Amaro remains as President of the Board, and
Mauricio Rolim Amaro as Vice President, positions that the two have
occupied since April of last year. Noemy Almeida Oliveira Amaro and
Roger Ian Wright are vacating their seats on the Board. The other
board members -- Luiz Antonio Correa Nunes Viana Oliveira, Pedro
Parente and Waldemar Verdi Junior -- were re-elected by the OGA.
With these changes, the controlling shareholders are reaffirming to
the market and to investors that they are actually part of the
business and they are working for the future of the company. The
election of the independent members to sit on the Board also
demonstrates the commitment to high ethical standards and good
corporate governance practices, in addition to sustaining the
company's continual process of professionalization. Name Title
Member Since Maria Claudia Oliveira Amaro Demenato President Sept.
18, 2003 Mauricio Rolim Amaro Vice President Dec. 20, 2004 Luiz
Antonio Correa Nunes Viana Oliveira Independent Board Member June
27, 2003 Adalberto de Moraes Schettert Independent Board Member
Aug. 31, 2005 Waldemar Verdi Junior Independent Board Member Jan.
23, 2006 Pedro Pullen Parente Independent Board Member April 27,
2007 Marcos Adolfo Tadeu Senamo Amaro Board Member April 30, 2008
Alexandre Goncalves Silva Independent Board Member April 30, 2008
Beyond the changes in the Board of Directors, the OGA approved the
financial statements for 2007, as well as the allocation of the
results. Investor Relations: Phone: (55) (11) 5582-9715 Fax: (55)
(11) 5582-8149 http://www.tam.com.br/ir Press Agency: Phone: (55)
(11) 5582-8167 Fax: (55) (11) 5582-8155 MVL Comunicacao Phone. (55)
(11) 3594-0302 / 0304 / 0305 About TAM: TAM
(http://www.tam.com.br/) has been the leader in the Brazilian
domestic market for more than four years and closed March 2008 with
a 51.4% market share. The company operates flights to 42 Brazilian
destinations. It serves 79 different destinations in the Brazilian
market through commercial agreements with regional companies. Among
Brazilian airline companies, TAM's international market share was
68.9% in March. Its international operations include direct flights
to 17 destinations: New York and Miami (USA), Paris (France),
London (England), Milan (Italy), Frankfurt (Germany), Madrid
(Spain), Buenos Aires and Cordoba (Argentina), Santiago (Chile),
Caracas (Venezuela), Montevideo and Punta del Este (Uruguay),
Asuncion and Ciudad del Este (Paraguay), and Santa Cruz de la
Sierra and Cochabamba (Bolivia). Additionally, it has code share
agreements with international airlines, which allow passengers to
travel to another 64 destinations in the United States, South
America and Europe. TAM was the first airline company to launch a
loyalty program in Brazil; TAM's program currently has 4.5 million
members and has redeemed more than 5.2 million tickets in exchange
for points.
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
http://photoarchive.ap.org/ 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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