Avianca Holdings appoints Adrian Neuhauser as President and CEO
The executive succeeds Anko van der Werff who resigned yesterday from his position at the Company but will continue to be a member of the Board of Directors
Avianca Holdings SA (OTCMKTS: AVHOQ, BVC: PFAVH) (the "Company" or "Avianca") reports that Adrian Neuhauser was appointed President and CEO of the Company yesterday evening, effective immediately. Neuhauser succeeds Anko van der Werff, who resigned yesterday from his position at the Company, to assume a new position as CEO of a company in Europe and to be closer to his family. To ensure a smooth transition, Van der Werff was appointed as a member of Avianca's Board of Directors today, a position he will hold from now on, and in turn will be an advisor to Avianca until mid-June.
Neuhauser joined Avianca in 2019 as Financial Vice President and most recently served as Corporate Executive Vice President, with direct leadership over the Chief Operating Officer, the Legal Vice President and General Counsel, the Purchasing Vice President and the Architecture Directorate. Neuhauser has also overseen the Company's corporate restructuring process. He has more than 20 years of experience in the financial sector with a focus on investment banking, as well as extensive experience working with transportation companies, including airlines, railways, and heavy vehicle companies. Prior to joining Avianca, Neuhauser was Managing Director of Credit Suisse covering airlines throughout the Americas. Previously, he held senior positions at Deutsche Bank, Bank of America, as well as Merrill Lynch, where he was responsible for M&A transactions and capital markets in Chile and the Andean Region. Neuhauser has a degree in Economics from the Pontifical Catholic University.
"Adrian has in-depth knowledge of Avianca, a proven track record in overseeing the Company's corporate restructuring, and more than two decades of experience in the financial industry and working with transportation companies, all of which make him uniquely qualified to lead Avianca. at this crucial time. On behalf of the Board and key stakeholders, we are confident in Avianca's journey forward with Adrián at the forefront, and we look forward to seeing the Company reach new levels of success under his leadership, "stated Roberto Kriete, President of the Board of Directors of Avianca.
Adrian Neuhauser stated: "I am honored to lead this incredible company and very excited to be working together with the rest of the Avianca team, as we continue to meet the travel needs of our valued customers. I have every confidence that our Company is doing well. positioned to exit the corporate restructuring process and remain a highly competitive and successful airline in the Americas. Anko has been a leader and a strong partner, I wish him well. At the same time, I look forward to working closely with the Board and management team as we honor the 100-year legacy and execute our new vision - "Changing Together" - to position Avianca for the future. "
as well as the work done to improve our financial performance and ensure that Avianca has the right fleet to meet future business needs. I will miss working alongside our team every day, but I have made a personal decision to return with my family to Europe. Adrian has made a great contribution since joining Avianca and his ideas and experience will be critical to the sustainability of the Company. I look forward to continuing to support Avianca as a member of the Board. " Adrian has made a great contribution since joining Avianca and his ideas and experience will be critical to the sustainability of the Company. I look forward to continuing to support Avianca as a member of the Board. " Adrian has made a great contribution since joining Avianca and his ideas and experience will be critical to the sustainability of the Company. I look forward to continuing to support Avianca as a member of the Board. "
In this regard, Roberto Kriete assured: "Anko has made many invaluable contributions to Avianca throughout his leadership, including leading the Company in a crucial period when the airline faced the total grounding of its passenger fleet and as well as other unprecedented effects of a pandemic. We thank Anko for his service and wish him and his family the best in the next stage of their journey. We are pleased that he will join the Board of Directors, allowing us to continue to benefit from his experience".