Teresa Gonçalves appointed as Executive Chairwoman of SATA Holding

At the General Meeting today, Teresa Gonçalves was officially appointed as Chairwoman of SATA Holding and also of the subsidiaries SATA Internacional - Azores Airlines, SATA Air Açores, and SATA Gestão de Aeródromos.

Teresa Gonçalves has a postgraduate degree in Finance from Nova School of Business and Economics, a postgraduate degree in Competition and Regulation from Lisbon University’s Faculty of Law and a degree from Católica Lisbon School of Business and Economics. She has been with the company since 2020 as an Executive Board Member, having so far held the position of Chief Financial Officer (CFO) of the SATA Group.

Besides Teresa Gonçalves, the new executive members of SATA's Board of Directors took office today: José Roque, as Flight Operations General Director at SATA Holding; and Dinis Modesto, who will be the new CFO (Chief Financial Officer) of the group. Bernardo Oliveira and João Ponte remain as non-executive Directors.

José Carlos Laia Roque has a degree in Industrial Production Engineering in the field of mechanical constructions from Universidade Nova de Lisboa, Faculty of Sciences and Technology. Over the years, he added specific training in Aircraft Maintenance and Engineering, among other specializations. He has worked as a Specialist Engineer at OGMA, TAP, Mobil, Petrogal and joined SATA Internacional’s staff in 1998 as General Director of Maintenance and Engineering. He was appointed Flight Operations General Director in August 2021 and Executive Director of SATA Holding, with the role of COO (Chief Operational Manager) in 2023.

Dinis Miguel Carvalho Modesto has a degree in Economics from ISCTE (University Institute of Lisbon) and an Executive Master’s in Management from Católica Lisbon School of Business & Economics. He has more than 10 years of experience as a Finance Director in different sectors and a consolidated knowledge of 17 years in finance, management control and business development. He was recently Finance and Procurement Director at Cellnex Portugal, a subsidiary of Cellnex Telecom (CLNX), which bought the first independent telecommunications tower company in Portugal, OMTEL, in 2020, as a result of the spin-off of the Altice Tower Business unit, a project he managed directly. Furthermore, he began his professional career at Portugal Telecom (now Altice) in 2005, where he was responsible for planning and management control, Corporate Finance and M&A, and financial areas in several sectors of activity, including telecommunications, health services, shared services and financial services. Throughout his career he had the opportunity to participate in projects to create new companies, sell assets, implement organizational changes, explore and implement business development opportunities.

“It’s a great honor to serve as the Chairwoman of SATA Holding. I made the firm decision to stay with the company, alongside the employees and the shareholder, at a time when we are implementing the group's restructuring process and have started the public tender for the sale of SATA Internacional - Azores Airlines", says Teresa Gonçalves, new CEO of SATA Holding. 

“Both processes are ongoing and running normally, which makes us feel calm about their future development. Regarding the operational context, we are watching an increase in demand compared to 2022, so everything indicates that we will once again set a new revenue record, which boosts our confidence in the future”, adds Teresa Gonçalves.