HomeEconomyFired TAP CEO to present 2022 results, but only...

Fired TAP CEO to present 2022 results, but only to investors

It should be “good news”, according to the prime minister, but only investors and analysts will receive it through the voice of Christine Ourmières-Widener. TAP presents the 2022 results next Tuesday, March 21, but contrary to usual, there will be no press conference.

In the notice published this Friday on the company’s website, TAP reveals that the results for the fourth quarter of 2022, as well as the annual accounts, will be published next Tuesday at 7 in the morning. In the afternoon, there will be a conference, with the participation of Christine Ourmières-Widener, CEO fired after knowing the results of the IGF audit, and Gonçalo Pires, CEO of the company. “This conference call is intended for investors and financial analysts,” the company says in the note.

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As reported this Saturday by SIC and TVI, the still general director of TAP wanted to give a press conference to present the company’s annual results, but the Ministry of Finance and Infrastructure did not allow it. The guardianships will have required that the results be presented only in writing.

Christine Ourmières-Widener is currently in the process of leaving TAP, after being fired by the Government, following the IGF audit of the 500,000 euro compensation paid to Alexandra Reis. The Government considered that there was a “serious violation, by action or omission, of the law or of the company’s bylaws” by the general director, reason alleged for her dismissal for just cause.

Serious violation of the law is the justification for the State to dismiss the directors of TAP alleging just cause

The CEO and president of TAP, Manuel Beja, also fired for the same case, has until March 28 to challenge the decision. Both remain in office until the end of the month. Christine Ourmières-Widener will be replaced by Luís Rodrigues, until now the general director of SATA.

The results of TAP for 2022 should be positive, as the Government has already admitted. On January 2, after Pedro Nuno Santos was replaced by João Galamba, António Costa stated that “TAP is flying there and will soon give good news when it presents the results for 2022”. The Minister of Finance, Fernando Medina, has also stated that the current management anticipated the results expected in the TAP restructuring plan in two years.

Source: Observadora

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