Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
GOL Simplifies its Organizational Structure Seeking
Synergies and Increased Efficiency
São Paulo, September 13, 2011 – GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL or the “Company”),(S&P/Fitch: BB-/BB-,Moody’s: B1), the largest low-cost and low-fare airline in Latin America, hereby announces an organizational restructuring, reducing its number of Vice-Presidencies from three to four and the number of areas from twenty-five to twenty-one. The new structure is in line with the strategy of streamlining the decision-making process and increasing synergies between the areas in an integrated and cooperative environment in line with the Company’s low-cost business model.
A new Customers and Market Vice-Presidency was set up, combining the former Vice-Presidency of Market and New Businesses and Vice-Presidency of Customers, Employees and Management.
In addition, the Communications, Innovation, Institutional Relations and Airport areas were absorbed by existing areas.
With the new structure, the Vice-President of Market and New Businesses, Claudia Pagnano, will be leaving the Company and we would like to take this opportunity to acknowledge her skills and professionalism.
The Customers and Market Vice-Presidency will be part of the front line (Airports and Service Center), responsible for the Sales, Marketing and Customer Service areas, and will be headed by Ricardo Khauaja.
The Financial, Investor Relations, Strategy and Information Technology Vice-Presidency, headed by Leonardo Pereira, will now be responsible for the SMILES Loyalty Program and will be treated as a separate business unit within GOL in order to increase its autonomy and focus.
The Technical Vice-Presidency, led by Captain Adalberto Bogsan, will now add Cabin Crew to its other areas of responsibility – Operations, Maintenance, Operational Control and Safety.
The Legal area will now include Institutional Relations and will report directly to the CEO.
According GOL's CEO, Constantino de Oliveira Jr., “this simplified structure is in line with the Company’s strategic goals and its constant pursuit of greater efficiency, internal integration and increased competitiveness and marks an important step towards strengthening GOL’s presence in the business community”.
The changes were defined in accordance with the strictest governance standards with the participation throughout of the Board of Directors.
Contact Investor Relations Leonardo Pereira –CFO Edmar Lopes – Capital Markets Officer Raquel Kim – Investor Relations Gustavo Mendes – Investor Relations Ricardo Rocca – Investor Relations Phone.: (55 11) 2128-4700 E-mail: ri@golnaweb.com.br Website:www.voegol.com.br/ir Twitter: www.twitter.com/GOLinvest Corporate Communications Phone.: (55 11) 2128-4413 E-mail: comcorp@golnaweb.com.br 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 |
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: B1), the largest low-cost and low-fare airline in Latin America, offers more than 940 daily flights to 63 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. |
GOL LINHAS AÉREAS INTELIGENTES S.A. | ||
By: |
/S/ Leonardo Porciúncula Gomes Pereira | |
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.