Latam Airlines Group

Governance

Board of Directors

The current Board of Directors was elected in the Ordinary Shareholders Meeting held on April 27, 2017, in accordance with the Company’s By-Laws, and will hold office for a period of two years.

Mr. Ignacio Cueto Plaza, joined LATAM’s board of directors in April 2017. His career in the airline industry extends over 30 years. In 1985, Mr. Cueto assumed the position of Vice President of Sales at Fast Air Carrier, the biggest national cargo company of that time. In 1985, Mr. Cueto assumed as Service Manager and Commercial Manager for the Miami sales office. Mr. Cueto later served on the board of directors of Ladeco (from 1994 to 1997) and LAN (from 1995 to 1997). Mr. Cueto served as President of LAN Cargo from 1995 to 1998, as Chief Executive Officer-Passenger Business from 1999 to 2005, and as President and Chief Operating Officer of LAN since 2005 until the combination with TAM in 2012. Mr. Cueto later served as LAN’s CEO until April 2017. Mr. Cueto also led the establishment of the different affiliates that the Company has in South America, as well as the implementation of key alliances with other airlines.
Mr. Henri Philippe Reichstul joined LATAM´s board of directors in April 2014 and was reelected to the board of directors of LATAM in April 2015. Mr. Reichstul has served as President of Petrobras and the IPEA-Institute for Economic and Social Planning and Executive Vice President of Banco Inter American Express S.A. Currently, in addition to Administrative Board member of TAM and LATAM group, he is also a member of the Board of Directors of Repsol YPF, Peugeot Citroen and SEMCO Partners, among others. Mr. Reichstul is an economist with an undergraduate degree from the Faculty of Economics and Administration, University of São Paulo, and postgraduate work degrees in the same discipline - Hertford College - Oxford University.
Mr. Juan José Cueto Plaza has served on LAN’s board of directors since 1994 and was reelected to the board of directors of LATAM in April 2015. Mr. Cueto is the Vice President Executive of investment Costa Verde S.A., position he has held since 1990, and also serves on the boards of Consorcio logger S.A., Inversiones del Buen Retiro S.A., Costa Verde Aeronáutica S.A., synergy real estate S.A., Valle Escondido S.A., Foundation Colunga and Universidad San Sebastián.
Mr. Georges de Bourguignon, has served on LATAM Airlines Group’s board of directors since September 2012 and was reelected to the board of directors of LATAM in April 2015. He is co-founder of Asset Chile S.A., a Chilean investment bank, where he works since 1993 as its Executive Director. He is currently also director of K+S Chile S.A. and Salmones Austral Spa. In the past, has participated in various directories of public and private companies, and non-profit organizations. Between 1990 and 1993 he worked as Manager of Citibank N.A. of financial institutions in Chile and was also Professor of Economics at the Pontifical Catholic University of Chile. The Lord of Bourguignon is an economist at this last University and has a graduate degree in business administration from the Harvard University Business School.
Mr. Carlos Heller Solar, entrepreneur, joined the board of LAN in May 2010 and was re-elected to the Board of Directors of LATAM in April 2015. Mr Heller has extensive experience in the sectors of retail, communications, transport and agriculture. He is President of Grupo Bethia, who in turn owns Axxion S.A. and Betlán two S.A., companies with significant a share in LATAM Airlines. In turn presides over the directories of network television Megavision S.A., Club Hipico de Santiago, Falabella Retail S.A., Sotraser S.A., Viña Indómita S.A., Viña Santa Alicia S.A., Blue Express S.A. and Aero Andina S.A. In addition, it is the majority shareholder and President of Azul Azul S.A. dealership of the Corporation of professional football from the University of Chile.
Mr. Agutter is the owner and Chief Executive Officer of Southern Sky Ltd, an airline consultant company specializing in airline strategy, fleet planning, aircraft acquisition and aircraft financing. Mr. Agutter has had vast experience in advising airlines, including Qatar Airways, on significant Merger and Acquisition projects within the airline industry. Mr Agutter has a degree in Aerospace Engineering from Manchester University and he currently resides in England.
Mr. Eduardo Novoa Castellón joined LATAM’s board of directors in April 2017. In addition, Mr. Novoa serves on the board of directors of Grupo Ecomac, Cementos Bio-Bio, STARS y ESSAL. He was also a member of the board of directors of Esval (2007-2009), Soquimich (2008-2013), Grupo Drillco (2008-2014), Techpack (2014-2017) and several Start-Ups. He was professor of Finance and Economics at Universidad de Chile, Universidad Gabriela Mistral, Universidad del Desarrollo, Universidad Diego Portales and ANEPE, professor of the Master in Finance at Universidad de Chile and Research Assistant at the Center for Public Studies. Mr. Novoa is bachelor of business and administration at Universidad de Chile and has a Master in Business Administration from the University of Chicago.
Mr. Nicolás Eduardo Eblen Hirmas, joined LATAM’s board of directors in April 2017. Mr. Eblen currently serves as CEO of Inversiones Andes SpA, a position he has held since 2010. In addition, he serves on the board of directors of Granja Marina Tornagaleones S.A., Río Dulce S.A., Patagonia SeaFarms Inc., and Sociedad Agrícola La Cascada Ltda. Mr. Eblen holds a Bachelor’s degree in Industrial Engineering, major in Computer Science from Pontificia Universidad Católica de Chile and a Master in Business Administration from Harvard Business School.
Mr. Antonio Luiz Pizarro Manso joined LATAM’s board of directors in April 2017. In addition, Mr. Pizarro serves on the board of directors of Banco Caixa Geral Brasil SA since 2009, Solví Participações S.A. since 2011 and TAM Aviação Executiva S.A. since 2012. Furthermore, in 1995 assumed the position of CFO of Embraer, a position he held until 2008. He was also a member of the boards of directors of Itapoá Terminais Portuários S.A, TAM S.A. and LM Wind Power do Brasil. Mr. Pizarro is a mechanical engineer at Escuela Politécnica of Pontificia Universidad Católica de Rio de Janeiro and has a graduate degree in Finance from the Instituto Brasileiro de Mercado de Capitales.