Brazilian carrier TAM has named interim chief and VP of finance Libano Miranda Barroso as president.

Barroso succeeds David Barioni Neto, who resigned abruptly from his post in October of this year. After Neto's departure Barroso was appointed in the interim role.

Last month during an earnings call Barroso stated that TAM would name a replacement for Neto by the end of December.

Barroso joined TAM in 2004, and just prior to his move to the carrier he was director of finance and investor relations for Companhia de Concessoes Rodoviarias.

Maria Claudia Amaro, president of the company's board says Barroso "is the right president at the right time. He has recognized experience in the area of finance, and, as a manager, he is significantly focused on costs. He is exactly what the company needs at this moment when excellent prospects for growth have been forecast".

Source: Air Transport Intelligence news