The board of Brazilian carrier TAM has approved previously announced plans that entail CEO Libano Barroso becoming CFO of the holding company being created as a result of the LAN-TAM merger.
Other changes include Marco Antonio Bolonga, CEO of TAM's holding company, assuming the CEO role at TAM Airlines.
Once the merger is complete, current LAN CEO Enrique Cueto will become LATAM's CEO, while LAN's COO Ignacio Cueto will become LAN's CEO.
Chile-based LAN recently said it expects to close the merger in April. LATAM will be the holding company for the merged entity.