CVC picks new CEO

CVC picks new CEO

People Regulation Brazil

Brazilian travel agency CVC named Leonel Andrade as its new CEO to replace Luiz Fernando Fogaça, according to a securities filing on Thursday. Over the past 15 years, Andrade has been CEO of the financial services firm Losango, credit card company Credicard and the frequent flyer services program Smiles Fidelidade, according to CVC. Fogaça offered his resignation, effective March 30, after CVC announced on February 28 that it had found evidence of accounting errors that may have overstated net s

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