Embraer has announced the nomination of Francisco Gomes Neto, currently the president of Marcopolo, for the roles of president and chief executive of the company.

He will be presented to board as part of a plan to succeed Paulo Cesar de Souza e Silva.

The election will be held during the board meeting, after the general shareholders’ meeting scheduled for April 22nd.

Gomes Neto built his career in the automotive industry, holding chief executive positions over the last 20 years, both in Brazil and in the United States.

Over the past three years, he has served as chief executive of Marcopolo, in which he successfully led the company’s transformation, generating strong sales growth and market value for the business.

“With vast international experience and focus on industrial sector management, I am confident that Francisco Gomes Neto has the right profile and competencies to lead Embraer through this period of transformation of the company and of the global aerospace sector,” said Alexandre Silva, Embraer chairman.

After the meeting, Paulo Cesar de Souza e Silva will take on a role of senior advisor to the board, during the onboarding of the new leader and throughout the segregation of assets and resources of the commercial aviation business, until the completion of the partnership with Boeing.