LATAM Airlines Elects New Board of Directors, Appoints Chairman and Vice Chairman
LTM sits 68% above its 52-week low of $29.93.
Summary
LATAM Airlines Group S.A. announced the election of its new Board of Directors and the appointment of a new Chairman and Vice Chairman following its Ordinary Shareholders' Meeting.
Key Events · Corporate Governance and Compliance · LTM
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Board of Directors Elected
Nine individuals were elected to the Board of Directors for a two-year term at the Ordinary Shareholders' Meeting held on April 23, 2026.
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New Chairman and Vice Chairman Appointed
Mr. Ignacio Cueto Plaza was appointed Chairman and Mr. Bornah Moghbel was appointed Vice Chairman of the Board of Directors.
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Directors' Committee Formed
A Directors' Committee was formed, consisting of Frederico F. Curado, Luis Felipe Cerón Cerón, and Marcos Büchi Buc, all of whom are independent. This committee will also perform the functions of the Audit Committee.
Analysis · LTM · Energy & Transportation
This filing details the outcome of LATAM Airlines Group S.A.'s Ordinary Shareholders' Meeting, where a new Board of Directors was elected for a two-year term. The subsequent appointment of a new Chairman and Vice Chairman, along with the formation of a Directors' Committee (also serving as the Audit Committee) composed of independent members, represents a significant corporate governance update. These changes establish the leadership and oversight structure for the company's strategic direction and financial integrity for the coming period.
At the time of this filing, LTM was trading at $50.28 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $14B. The 52-week trading range was $29.93 to $70.42. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.