FONT-SIZE Plus   Neg

Copa Holdings Names Jose Montero CFO, Succeeding Victor Vial

Copa Holdings, S.A. (CPA), a Latin American provider of passenger and cargo services, said Monday that its board of directors has appointed Jose Montero as chief financial officer, effective March 15. Montero, currently Director of Planning of Copa Airlines, succeeds Victor Vial, who will continue his involvement with the company as advisor to the board of directors.

Montero started his career with Panama-based Copa Airlines in 1993 and held various technical, supervisory and management positions within the company. In his nearly 20 years of experience at Copa Airlines, Montero has held the positions of Manager of Flight Operations and Director of System Operations Control Center or SOCC.

During the past 9 years, Montero has served as Director of Planning. He also plays an important role in the company's strategic committee and heads the scheduling and flight profitability committees.

Meanwhile, Vial has been Copa Airlines' CFO since 2000. From 1995 until 2000, he served as Director of Planning. Prior to his service at Copa, Vial was a senior financial analyst for HBO-Time Warner.

Pedro Heilbron, CEO of Copa Holdings said, "We would like to thank Mr. Vial for his leadership and contribution over the past seventeen years. During Victor's tenure, first as Head of Planning and then as Chief Financial Officer, Copa grew from a small Panamanian carrier to become a regional and global benchmark for excellence in our industry."

In Monday's regular session, CPA is trading at $108.00, down $0.42 or 0.39 percent on a volume of 11,139 shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Retailers could see record web traffic this year as more consumers then ever before plan to shop online, according to Deloitte's 31st annual holiday survey of consumer spending intentions and trends. The survey found that holiday shoppers this year plan to spend just as much as online as they spend in brick and mortar stores. Oil giant Chevron Corp. on Friday reported a 37 percent decline in profit for the third quarter from last year, reflecting lower oil prices and weak refining margins. However, both revenue and earnings per share for the quarter beat analysts' estimates. In addition, the company raised its quarterly dividend. Mastercard Inc. (MA) reported a profit for the third quarter of 2016 that increased about 21 percent from the year-ago period, while it was up 15% excluding a special item related to the termination of the U.S. employee pension plan taken in last year's third quarter. Both earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT