Brazil's Embraer names commercial aviation chief as new CEO

Brazil's Embraer will replace its CE with the current head of its commercialaviation division next month, the company said Thursday, in a surprise decision. Paulo Cesar Silva will take the reins of the world's third-largest commercial aviation firm after nearly two decades at the company, including six years in charge of its core airliner business that saw the development of the next-generation E-Jet family. Frederico Curado, who has run the company for more than nine years, will give up his executive role in July and contribute to a transition through the end of 2016, Embraer said. "After more than 32 years at Embraer, with 22 of them on the executive board, I am ending a cycle in my career and I will focus on other professional and personal activities," Curado said in the statement. "With Paulo, Embraer is in excellent hands."<br/>