Frederico Fleury Curado takes the helm as President of Embraer, succeeding Maurício Botelho

São José dos Campos, April 25, 2007 – With the completion of a planned and harmonious succession process, Embraer’s Board of Directors, meeting last Monday, elected Frederico Fleury Curado as Embraer’s new President and CEO.

Maurício Botelho will stay on as Chairman of Embraer’s Board of Directors.  The meeting of the Board of Directors was preceded by a General Shareholder’s Meeting and a Special Shareholder’s Meeting, with a quorum representing more than 75% of the total Company shares.

At the same time, Mauro Kern Júnior took over the position of Executive Vice-President, Airline Market, substituting Frederico Fleury Curado.  Furthermore, Antônio Júlio Franco and Flávio Rimoli were inducted as Executive Vice-President of Organizational Development and Executive Vice-President, Legal Counsel, respectively.

Finally, Edson Carlos Mallaco, Senior Vice-President, Aviation Services, now reports directly to the President and CEO.

Frederico Fleury Curado, 45, was born in Rio de Janeiro and received his under-graduate degree in Mechanical-Aeronautical Engineering from Brazil’s Aeronautics Technological Institute (Instituto Tecnológico de Aeronáutica – ITA). In addition, he has a post-graduate degree in Foreign Trade from the Getúlio Vargas Foundation (Fundação Getúlio Vargas – FGV) and an International Executive MBA from the University of São Paulo (Universidade de São Paulo – USP). Curado joined Embraer in 1984.

Original Release