• After 25 years in charge of Latin America’s leading airline group, CEO Enrique Cueto will stepdown from his role on March 31, 2020
  • The position will be assumed by the group’s current Chief Commercial Officer, Roberto Alvo
  • The airline group considers that this is the right moment to make this announcement and to implement this planned succession

Santiago, Chile, September 10, 2019– LATAM Airlines Group announced today that its CEO, Enrique Cueto Plaza, will step down from his role on March 31, 2020, after 25 years. The position will be assumed by the group’s current Chief Commercial Officer, Roberto Alvo Milosawlewitsch.

This announcement comes at a time of stability for the group, which has successfully overcome long periods of a complex global and regional context, to carry out a seldom seen transformation in the airline industry to create the largest airline group in Latin America.

The succession will take effect on March 31, 2020, allowing for a well-planned transition, while maintaining focus on strategic priorities and ongoing projects.

“We’ve made this announcement at a time of solidity and stability for the company. Today, weoffer unrivalled connectivity in the region and with the world. We are one of the world’s mostpunctual airlines, we offer a service that is recognized by millions of our customers and we have considerably strengthened our financial position,” said Ignacio Cueto, President of LATAM Airlines Group.

This announcement follows a planned succession process that began last year and considered bothinternal and external candidates. LATAM’s board made the unanimous decision to appoint RobertoAlvo, taking into consideration 18 years of experience in the company with successful roles in finance, fleet, planning and in recent years, leading its commercial area.

“We are confident that with Roberto’s leadership and extensive knowledge we will reach newheights, maintaining the preference of over 70 million passengers that fly with us each year andhelping us to become one of the world’s most admired airlines”, added Ignacio Cueto. At the sametime, he thanked current CEO, Enrique Cueto, for his vision and leadership that has brought the Latin American airline group global recognition.