Embraer Investors Surprised by CEO Exit Billed as ‘Planned’

Updated on
  • Commercial aircraft chief Silva to take top job next month
  • Brazilian planemakers’ change in command jolts shares

Embraer SA said Frederico Curado will step down as chief executive officer after nine years at the helm, departing unexpectedly as the Brazilian planemaker faces stepped-up competition in the regional jet market.

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