Brazilian airline Azul announced that its Chief Financial Officer and Investor Relations Officer, Alexandre Wagner Malfitani, one of the company founders, will resign effective April 20, 2026. The board plans to appoint Antonio Carlos Garcia, who recently served more than six years as Embraer Executive Vice President of Finance and Investor Relations, to succeed him as Vice-President, Chief Financial Officer, and Investor Relations Officer on the same date, subject to board approval.
Embraer confirmed Garcia’s departure, stating that CEO Francisco Gomes Neto will assume the CFO responsibilities on an interim basis. Malfitani and Garcia will conduct a transition period starting April 20 to ensure continuity in financial operations and investor communications.
Garcia brings extensive experience from prior roles, including global CFO of ThyssenKrupp Forged Technologies and finance positions at ZF Group and Siemens. Following the announcements, Azul shares rose about 1.6 percent, Embraer shares increased around 1 percent, and Brazil Bovespa index gained 0.4 percent.