Third drop in TAP administration in 15 days

Silvia Mosquera González has resigned from her position as a member of the Board of Directors and a member of the Executive Committee of TAP. He will cease to perform his duties as of June 23.

Silvia Mosquera González has resigned from her position as a member of the Board of Directors and a member of the Executive Committee of TAP. The airline said it would cease operations from June 23. in the current situation Submitted to the Securities Exchange Commission (CMVM). After the “forced” exit fromand Manuel Biga and Christine Ormier-Widner, This is the company’s third victim in about 15 days.

“By a letter addressed to the Assembly dated this date, Hon. Mrs. Silvia Mosquera González has resigned her position as a member of the Board of Directors and a member of the Executive Committee of TAP. Subject to the terms of said waiver, it will become effective June 23, 2023,” reads the press release issued on Tuesday.

The resignation was known on the day the Portuguese-flagged airline presented last year’s results. In 2022, the TAP reported profits of 65.6 million euros on revenues of 3.5 billion euros, a new record. This was the first time in five years that the company had achieved positive results.

This is the third “heavy” exit in the company’s management, after the government dismissed, on March 6, the Chairman of the Board, Manuel Biga, and the CEO, the French Christine Ormeyer-Widener, during the presentation of the report by the General Inspectorate of Finance on the agreement signed between TAP and Alexandra Reis for leaving the official, which this entity deemed invalid.

(under update)