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annual reports under cover Form 20-F or Form 40-F.
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registrant in connection with Rule 12g3-2(b):
GOL Announces Restructuring of Technical Vice-Presidency
São Paulo, October 19, 2010 – Continuing with the restructuring process begun in 2009, GOL Linhas Aéreas Inteligentes S.A. (BM&FBovespa: GOLL4 e NYSE: GOL), (S&P/Fitch: BB-/BB-, Moody`s: Ba3), the largest low-cost and low-fare airline in Latin America, announces a further organizational change, this time to the Technical Vice-Presidency, which will now consist of three areas and two departments. In addition, one area and one department will be transferred to other vice-presidencies, permitting greater synergies between related areas.
The Technical Vice-Presidency will be led by Captain Adalberto Bogsan, the current head of Operational Control. Captain Bogsan, who has been with the company since 2002, began his career 21 years ago with RioSul. He has held several positions at GOL, including chief pilot, instructor and flight checker. He also has ample experience as a manager in the operations and control areas.
As a result, Captain Fernando Rockert de Magalhães, acknowledged by the Company for his professionalism and commitment thereto, is leaving GOL in a natural succession process in which he actively took part. Captain Magalhães will move on to work at another of its controlling shareholder’s companies.
As Technical Vice-President, Adalberto Bogsan will be responsible for the Maintenance area, headed by Alberto Correnti; the Operations area, led by Luiz Sérgio Fernandes; and the Operational Safety area, headed by Sérgio Quito; as well as the Operations Control and General Technical departments, led by Paulo Fontes and Rodrigo Freire, respectively.
Also as a result of the change, Bruno Alvim, head of the Supply area, will report to the Management and Personnel Vice-Presidency, led by Ricardo Khauaja, while the General Fleet Management department, headed by João Torres, will be subordinate to Leonardo Pereira, Vice-President of Finance, Strategy and IT.
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About GOL Linhas Aéreas Inteligentes S.A. GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4), (S&P/Fitch: BB-/BB-, Moody`s: Ba3), the largest low-cost and low-fare airline in Latin America, offers more than 900 daily flights to 52 destinations that connect all the important cities in Brazil and 13 major destinations in South America and Caribbean. The Company operates a young, modern fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable of its class, with high aircraft utilization and efficiency levels. Fully committed to seeking innovative solutions through the use of cutting-edge technology, the Company - via its GOL, VARIG, GOLLOG, SMILES and VoeFácil brands - offers its clients easy payment facilities, a wide range of complementary services and the best cost-benefit ratio in the market. This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOL’s management concerning the future of the business and its continued access to capital to fund the Company’s business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in GOL’s filed disclosure documents and are, therefore, subject to change without prior notice.
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Investor Relations Leonardo Pereira – Vice President / CFO Rodrigo Alves – Capital Markets Officer Phone.: (55 11) 2128-4700 E-mail: ri@golnaweb.com.br Website:www.voegol.com.br/ir Twitter: www.twitter.com/GOLinvest
Corporate Communications Twitter: www.twitter.com/GOLcomunicacao
Media Relations Edelman (USA and Europe): Meaghan Smith and Robby Corrado Phone.: +1 (212) 704-8196 / 704-4590 E-mail: meaghan.smith@edelman.com or robert.corrado@edelman.com
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GOL LINHAS AÉREAS INTELIGENTES S.A. | ||
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By: |
/S/ Leonardo Porciúncula Gomes Pereira | |
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Name: Leonardo Porciúncula Gomes Pereira
Title: Executive Vice-President and Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.