COMPANY TO WATCH: EMBRAER/BRAZIL
CEO Maurcio Botelho notes that Embraer has grown by tenfold in the past decade under his watch. The restructuring will enhance Embraers ability to finance expansion programs in the capital markets, the company said in a release. Botelho, an engineer who worked on Brazils first nuclear power plant before joining Embraer, will leave his CEO post next April and remain as chairman. He will be succeeded as chief executive by his second in command, Frederico Fleury Curado. The company delivered 36 aircraft in the second quarter, compared to 30 in the same period a year earlier. Its earnings rose to a record $139 million in the quarter ended June 30 on sales of more than $1 billion, despite pressure on margins from the appreciation of the real.