GOL Announces Restructuring of Technical Vice-Presidency

Oct 19, 2010, 09:37 ET from GOL Linhas Aereas Inteligentes S.A.

SAO PAULO, Oct. 19 /PRNewswire-FirstCall/ -- Continuing with the restructuring process begun in 2009, GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL; BM&FBovespa: GOLL4), (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 Magalhaes, 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 Magalhaes 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 Sergio Fernandes; and the Operational Safety area, headed by Sergio 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 Joao Torres, will be subordinate to Leonardo Pereira, Vice-President of Finance, Strategy and IT.

Investor Relations Contacts:

Leonardo Pereira – Vice President / CFO

Rodrigo Alves – Capital Markets Officer

Raquel Kim – Investor Relations

Mario Liao – Investor Relations

Phone.: (55 11) 2128-4700

E-mail: ri@golnaweb.com.br  

Website: www.voegol.com.br/ir

Twitter: www.twitter.com/GOLinvest

SOURCE GOL Linhas Aereas Inteligentes S.A.