Home / Daily Briefs / 2023 / 26 / CVC executive hits the road

CVC executive hits the road

CVC executive hits the road

May 26, 2023 | Thierry Ogier
Leonel Andrade leaves his dual post as CEO and CFO as the Brazilian travel agency restructures debt

Corporate & Sovereign Strategy Debt Brazil Capital Markets People Tourism

Brazilian travel and tourism company CVC said Leonel Andrade had resigned as CEO, CFO and head of investor relations for personal reasons, according to a securities filing. CVC said it appointed board member Sandoval Martins to lead the search for a new CEO and CFO, the company said in the filing on Wednesday. Marcelo Kopel stepped down as CFO last month, according to CVC. Andrade became CEO of CVC in March 2020 during the COVID-19 pandemic. In March this year, CVC rolled over close to 60% of to

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