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Embraer Board of Directors Approves Senior Management Succession Plans

Written by thomas · Filed Under Commercial 

September 18, 2008

thomas

SAO JOSE DOS CAMPOS, Brazil, Sept. 18 /PRNewswire-FirstCall/ —
Embraer’s (NYSE: ERJ) Board of Directors, in a meeting held September 12,
approved plans for the following changes in the Company’s organizational
structure, effective January 1, 2009.

– Consistent with their retirement plans, Antonio Luiz Pizarro Manso,
Executive Vice President, Finance & CFO, and Satoshi Yokota, Executive Vice
President, Strategic Planning and Technology Development, will be
succeeded, respectively, by Luiz Carlos Siqueira Aguiar and Emilio Kazunoli
Matsuo, members of Embraer’s senior management team;

– Luiz Carlos Siqueira Aguiar, currently Executive Vice President,
Defense and Government Market, will be succeeded by Orlando Jose Ferreira
Neto, who now is the Managing Director, Embraer Asia Pacific (EAP). The new
Managing Director, Embraer Asia Pacific (EAP), shall be named soon;

– Emilio Kazunoli Matsuo, currently Senior Vice President, Engineering,
will be named Executive Vice President, Technology, resulting from the
integration of the present areas of Technology Development and Engineering.
The responsibility for Strategic Planning will be absorbed by the new CFO;

– Antonio Luiz Pizarro Manso and Satoshi Yokota will take an active
role in the respective transition processes, and will remain available for
consulting services to Embraer, as needed, in their respective fields of
expertise.

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