SAO PAULO, March 22 LATAM Airlines Group SA
, the biggest carrier in South America, on Wednesday
named a new chief executive of its shrinking operation in
Brazil, where a deep recession has battered profitability in
Brazilian Jerome Cadier, currently senior vice president of
marketing for the Chile-based airline group, will take over
LATAM's operations in Brazil starting on May 1, the company said
in a statement.
The unit's current CEO, Claudia Sender, has been in charge
since 2013, about a year after the Brazilian airline then known
as TAM merged with Chile's LAN. She will keep the title of
president of LATAM Brasil and assume responsibilities for
marketing, services and client experience for the larger group.
LATAM slashed capacity in Brazil by nearly 12 percent last
year and could cut up to 2 percent again in 2017, the company
said last week. Yet the group's CEO Enrique Cueto told Reuters
on Monday he expected the Brazilian market to recover in the
second half of the year.
(Reporting by Brad Haynes; Editing by Bernard Orr)