New CFO at Azul: Former Embraer Money Boss Steps In

Azul, the Brazilian airline, announced that its long‑time CFO Alex Malfitani will leave his post on April 20. The company said Antonio Carlos Garcia, who previously ran the finances for Embraer, will take over as chief financial officer. Malfitani helped start Azul and has been a key figure in the company’s growth. Garcia’s move follows his resignation from Embraer earlier this week, where he had led the firm’s financial strategy for years. With Garcia’s departure, Embraer named CEO Francisco Gomes Neto to fill the CFO role on an interim basis. Investors reacted quickly. Shares of Azul climbed about 1. 6% after the announcement, while Embraer stock rose roughly 1%. The broader Brazilian market index, Bovespa, also gained around 0. 4% on the day.

This change comes at a time when both airlines are navigating a competitive and post‑pandemic environment. Azul’s new CFO will face the challenge of maintaining profitability as it expands its route network and modernizes its fleet. Meanwhile, Embraer’s interim CFO will need to keep the aerospace manufacturer on track while searching for a permanent replacement. The leadership shuffle highlights how executives often move between major players in Brazil’s aviation sector, bringing experience and fresh perspectives to each company. Investors will be watching closely to see how Garcia’s financial stewardship impacts Azul’s future performance.

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