Fernando Pinto - who will continue heading TAP and its new board of directors - says the company's entrance in the stock market may happen sooner than anyone thinks.
Fernando Pinto, TAP’s CEO, states that the company may eventually be listed in the stock exchange market sooner than anyone thinks, an operation which will “thrive”. At a time when a new board is entering TAP, Fernando Pinto also mentions he will continue his leadership. “It is a very good group”, states the CEO, who also commends the State’s choices for the team.
“I would say that sooner than people might expect, TAP could enter the stock market and thrive. It’s a path that needs to be taken, but first we need to reduce indebtedness”, states Fernando Pinto.
I would say that sooner than people might expect, TAP could enter the stock market and thrive. It’s a path that needs to be taken, but first we need to reduce indebtedness.
TAP’s CEO also commends the choices made by the Portuguese Government for the Board, which will take office on June 30. “I was very pleased with the Government’s choices, these are very experienced people”, Pinto highlights. In this new team, the CEO will have António Menezes, SATA‘s CEO; Miguel Frasquilho, who was ahead of AICEP; the lawyer Lacerda Machado, Bernardo Trindade and also Ana Pinho, chairwoman of Fundação Serralves.
Fernando Pinto highlighted that the reinforcement of the Portuguese State’s shareholder position didn’t caused any troubles. “The State has a 50% stake on TAP, so it has a stronger position from a strategic viewpoint, there is no doubt about that; but there is an agreement among shareholders that is very well built and that grants both sides a very good balance”.