Embraer CEO Mauricio Botelho plans to relinquish his executive role in April 2007 but will remain at the company's chairman to ensure the airframer successfully revamps its corporate structure. The company won approval from its board late last week to create a new company that would eliminate preferred shares and instead offer all common shares. Embraer's logic is that the change would create more access to capital markets. Currently, the company's two largest shareholders are ...

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