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Embraer chief executive and president, Paulo Cesar de Souza e Silva, will step down from his role on April 22nd - the end of his current two-year elected term.

The announcement comes three weeks after Embraer shareholders approved a joint venture with Boeing. The agreement will give Boeing 80 per cent control over Embraer’s commercial aircraft operations, positioning Boeing to better rival Airbus in the market for jets with up to 150 seats.

"Paulo Cesar idealized the partnership with Boeing and led the negotiation process of the transaction that will bring Embraer and Brazil to a much more competitive and prominent level in the global aviation industry," said Alexandre Silva, Chairman of the Board.

Paulo Cesar de Souza e Silva

Paulo Cesar joined Embraer 22 years ago from the financial market and served as president and CEO of Commercial Aviation for six years, launching the E2 program in 2013. In 2016, he became President and CEO of the Embraer Group, with a mission to make the company more efficient, competitive and better prepared to face structural changes in the global aviation market.

"Without the support of the Board and Embraer's 18,000 employees and colleagues, none of our achievements would have been possible", noted Paulo Cesar. "We are challenged to remain at the forefront of engineering and operations. In Executive Aviation and Defense, and with the KC 390 joint venture with Boeing, we will expand our international competitiveness and everything indicates that we will have another 50 years of success ahead.” And he added: "I am sure that the new leadership of the company will find fertile ground ahead to expand and consolidate Embraer."

Embraer has invited Paulo Cesar to remain as a senior advisor to the board, to help facilitate the integration of its new chief executive and to advise on the joint-venture process.

His successor will be recruited externally and announced on or before the Ordinary General Assembly on April 22nd.

BlueSky Business Aviation News | 21st March 2019 | Issue #503

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