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Copa Holdings Names Jose Montero CFO, Succeeding Victor Vial

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3/11/2013 10:53 AM ET

Copa Holdings, S.A. (CPA: Quote), 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.

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by RTT Staff Writer

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