LatinFinance - September/October 2016 - 4

NEWS
PEOPLE

Brazil's Gol and Invepar name new executives, while investment
bankers move to asset management firms BlackRock and Noctua.
By Mick Bowen

Invepar names new CEO
of the year. At Gol's frequent
flyer program, Smiles, CEO
Leonel Andrade assumed
the roles of CFO and investor
relations director, following
the departure of Flávio Jardim
Vargas.
In Mexico, state-owned
Comisión Federal de
Electricidad (CFE) appointed
Jaime Hernández as general
director. Hernández replaced
Enrique Ochoa, who left
CFE to become head of the
Institutional Revolutionary
Party (PRI). Mexican oil
company Pemex named
three new directors - Juan
Lozano at Pemex Fertilizers,
Cutberto Azuara at
Industrial Transformation and
Guadalupe Merino as deputy
director of strategic planning
and regulatory analysis.

At the Mexican division of
German carmaker Daimler,
Víctor Calderón replaced
Tobias Waldeck as CEO in
August. General Motors
Financial Mexico also got a
new CEO, with Frederick
Livingood stepping in for
Rodrigo Lopes.
Chilean electricity company
AES Gener selected Luis
Felipe Cerón as CEO and
Vicente Giorgio as general
manager, while Chilean
brokerage services firm Tanner
named Julián Rodríguez to
replace Daniela Zamorano
as its CEO. Chilean retailer
appointed Hugo Ovando as
its CEO.
In Central America, Ernesto
Castegnaro stepped down
as CEO of BAC Credomatic,
replaced by Rodolfo Tabash.

Banking changes
CHANGING CONTROL: Richard
Lark has taken over as CFO at
Brazilian airline Gol

Source: Istockphoto

Brazilian infrastructure
investor Invepar named
Erik Breyer as its new chief
executive officer, replacing
Gustavo Nunes da Silva
Rocha, who led the company
from 2010. The change came
after Rocha provided testimony
to Brazil's federal police in
April as part of the Lava Jato
corruption investigation.
He was asked about matters
relating to engineering firm
OAS, which owns 24.4%
of Invepar, but not about
Invepar's activities, the
company said at the time.
Brazilian airline Gol,
which is going through debt
renegotiations, brought back
Richard Lark as chief financial
officer. Lark held the post from
2003 to 2008, helping to lead
the company when Gol went
public in 2004. Less than a
month after returning to his old
job, Lark said the airline would
reduce debt by 3.8 billion
reais ($1.18 billion) by the end

4 L ATINFINA NCE.COM - September/October 2016

Udi Margulies, once HSBC's
co-head of global banking in
Brazil, became the head of
investment banking for Latin
America at Scotiabank, a new
position at the Canadian bank.
MBA Lazard selected José Luis
Jeria as the head of investment
banking in Chile. He joined
the US investment bank from
Itaú BBA, where he directed

For daily news on
market moves, visit:
latinfinance.com

the Brazilian bank's Chilean
operations.
Ricardo Navarro left
Itaú BBA's debt capital
markets team in July and
joined the Miami-based asset
management firm Noctua
Partners in August to manage
an emerging markets fund.
Andres de Goyeneche,
who was the chief country
officer for Deutsche Bank in
Chile, became the regional
director for Chile, Peru and
Uruguay for the US investment
management firm BlackRock.
Juan Pablo Romero took over
for Goyeneche at Deutsche
Bank Chile. Miami-based
investment bank AdCap
selected Roberto Pinilla to
lead its Colombian operations.
MUFG picked Harvy Colli
to oversee its transaction
banking business in Latin
America. Colli's new role
also includes treasury
management, trade finance
and global trust services.
Colli came to MUFG from
JPMorgan, where he worked in
the treasury services business
in Brazil. US investment bank
Greenhill named Mario
Orozco as a managing director
for Latin America, excluding
Brazil. LF

LatinFinance's Daily Brief provides full
coverage of people moves as they happen.
See latinfinance.com for complete details
http://www.latinfinance.com http://www.latinfinance.com http://www.LATINFINANCE.COM
Table of Contents for the Digital Edition of LatinFinance - September/October 2016
