Embraer S.A. announced that its Chief Financial Officer, Antonio Carlos Garcia, has resigned and that CEO Francisco Gomes Neto will serve as interim CFO until a permanent replacement is found.
Garcia’s departure is part of a planned career move; he will assume the CFO position at Brazilian airline Azul effective April 20 2026, a transition that underscores the stability of Embraer’s leadership team.
The announcement was met with a modest positive reaction from investors, with Embraer shares rising about 1% in early trading, indicating that the market viewed the interim appointment as a smooth continuity measure rather than a sign of distress.
Embarrer’s recent financial performance provides context for the importance of the CFO role: Q4 2025 revenue rose 15% year‑over‑year to $2.97 billion, full‑year 2025 revenue reached $7.578 billion (an 18% increase), and the company reported a record order backlog of $31.6 billion. In Q1 2026, Embraer delivered 44 aircraft, a 47% year‑over‑year increase driven by all business segments.
With Gomes Neto now overseeing both strategic and financial functions, the company signals that it will maintain a unified leadership approach. The dual role may increase his workload, but it also allows for tighter alignment between strategy execution and financial stewardship.
The board has not yet set a timeline for appointing a permanent CFO; the search is ongoing and will be announced once a suitable candidate is identified.
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