SAO PAULO, July 27 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. ('Company', NYSE: GOL; Bovespa: GOLL4), the largest low-cost and low-fare airline in Latin America, announces the creation of a new position, Vice President of Management and Personnel, which will be led by senior executive Ricardo Khauaja, age 39.

'I'm looking forward to the challenges of working for a service company in the highly competitive airline industry,' stated Ricardo Khauaja. 'The new vice presidency will continue to focus on GOL's operations and processes, always ensuring that they are in line with the Company's quality and organizational policies,' said Khauaja.

'The creation of this vice presidency is a crucial step, giving us a more solid structure geared exclusively to organizational development and personnel management,' added Constantino de Oliveira Junior, GOL's CEO.

Khauaja has a degree in Production Engineering from the Federal University of Rio de Janeiro (UFRJ) and an MBA in Finance from the Brazilian Capital Market Institute (IBMEC/RJ). He also completed 'The Transition from Functional to General Management' course at Columbia University in the United States.

Before joining GOL, he worked for six years at home appliance manufacturer Whirlpool, first as the Human Resources Officer for Latin America (three years), followed by Vice President (three years). Prior to this, he worked for beverage company Ambev for ten years, where he served in several positions, including Corporate Human Resources manager (2001 to 2003).

Throughout his distinguished career, Khauaja has been responsible for a number of projects, including recruitment and selection, competence evaluation, union relations, the implementation and management of training, development programs and the standardization of benefit policies.

About GOL Linhas Aereas Inteligentes S.A.

GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), the largest low-cost and low-fare airline in Latin America, offers around 800 daily flights to 49 destinations that connect all the important cities in Brazil and nine major destinations in South America. The Company operates a young, modern fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable of its class, with high aircraft utilization and efficiency levels. The Company's service is recognized as the best value proposition in the market.

This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOL's management concerning the future of the business and its continued access to capital to fund the Company's business plan. Such forward-looking statements depend, substantially, on changes in market conditions and risks disclosed in GOL's filed disclosure documents and are, therefore, subject to change without prior notice.

    CONTACT:
    Investor Relations
    Leonardo Pereira - CFO and IRO
    Rodrigo Alves - Head of IR
    Phone.: +55 (11) 2128-4700
    E-mail: ri@golnaweb.com.br
    Website: www.voegol.com.br/ir
    Twitter: www.twitter.com/GOLInvest
    Corporate Communication
    Phone.: +55 (11) 2128-4413
    comcorp@golnaweb.com.br
    Media Relations
    FSB Comunicacoes (Brazil)
    Carolina Stefanini and Erica Arruda
    Phone.: +55 (11) 2128-4420
    carolina.stefanini@fsb.com.br
    erica.arruda@fsb.com.br
    Edelman (USA and Europe):
    M. Smith and N. Dean
    Phone: + 1 (212) 704-8196 / 704-4484
    meaghan.smith@edelman.com or
    noelle.dean@edelman.com

SOURCE GOL Linhas Aereas Inteligentes S.A.