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TAM’s Vice President of Finance Named Sector’s Best CFO in Brazil for Second Consecutive Year

Written by thomas · Filed Under Commercial 

December 18, 2008

thomas

Among airlines in the Institutional Investor rankings, the Company is the most shareholder-friendly and has the best CEO

SAO PAULO, Brazil, Dec. 18 /PRNewswire-FirstCall/ — Libano Barroso, Vice President of Finance, Administration and IT of TAM (NYSE: TAM and Bovespa: TAMM4), was named the 2008 best Chief Financial Officer (CFO) in the Aerospace, Transportation and Industrial sector in Brazil in a survey conducted by the U.S.-based Institutional Investor Magazine among portfolio managers and analysts of some 200 domestic and foreign institutions. This is the second year in a row that the magazine has chosen Barroso.

“It is gratifying to be part of such as a ranking. It is in recognition of work that I did not just do by myself, but with the help of a competent team of TAM members,” said Barroso. The CFO of TAM has a solid professional background of 17 years in finance. Prior to joining the airline, he worked for the Real, Nacional, and Safra banks, and with companies like Andrade Gutierrez Concessoes and CCR (Companhia de Concessoes Rodoviarias).

The Institutional Investor Magazine study results also include the top CEOs (Chief Executive Officers), as well as the country’s most shareholder-friendly companies in each of the nine sectors. In the Brazilian Aerospace, Transport and Industry sector, TAM President Commander David Barioni Neto was the CEO who received the second highest number of votes, and the company was voted as the second most shareholder-friendly in Brazil. In the two categories, TAM was the best placed airline.

Institutional Investor Magazine has been published in the United States for fifty years and is considered mandatory reading by financial and executive leaders in many countries. Today, it has an average circulation of 130 thousand and is printed in two editions: international and Americas.


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