March 18, 2019 / 8:24 PM / 3 months ago

Embraer's CEO to step down following shareholder approval of Boeing deal

SAO PAULO, March 18 (Reuters) - Paulo Souza e Silva, chief executive of Brazilian planemaker Embraer SA, will step down on April 22, the company said on Monday, following shareholder approval of a $4.2 billion deal with Boeing under which it will cede control of its commercial aviation division to the U.S. planemaker.

Souza e Silva has been invited to become a consultant until the deal with Boeing officially closes, the company said. It will name his successor by April 22. (Reporting by Marcelo Rochabrun Editing by Bill Berkrot)

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