Gol Linhas Appoints Paulo Sergio Kakinoff As New CEO

Gol Linhas Aereas Inteligentes SA GOL named Paulo Sergio Kakinoff as its new chief executive. Kakinoff will replace Constantino de Oliveira Junior as CEO. Gol posted a Q1 loss of 41.4 million Brazilian reais ($20.1 million), versus a year-ago net profit of BRL69.4 million. Gol shares closed at $4.60 yesterday.