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Gol Linhas (GOL) Designates Celso Ferrer as the New CEO

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Gol Linhas Aéreas Inteligentes S.A. (GOL - Free Report) announced that its President & CEO Paulo Kakinoff is set to shift from his current position to becoming a member of the board of directors. Kakinoff will be succeeded by Celso Ferrer, the vice president of operations. This transition will be effective Jul 1, 2022.

Kakinoff stated: “Celso and I have worked side by side for more than seven years. He is an experienced and well-prepared executive; one of the most competent I have known in all my professional career.”

Kakinoff has served the carrier since 2012. During his tenure, he led GOL through some of the industry’s most turbulent times (especially COVID) and transformed the airline’s customer experience.

Celso joined GOL in 2003 and has served the carrier in various capacities (including chief planning officer and chief operating officer) ever since. Interestingly, Celso is also a Boeing 737 pilot. Reacting to the development, he said: “I am honored and excited to be asked to serve as CEO. The core of GOL is our Team of Eagles; they make the difference for our Customers, and I look forward to serving them. We have a terrific team of leaders, many of whom I have had the joy of working alongside for many years.”

We expect Gol Linhas to yield the desired results and fully recover from the COVID-led crisis under the guidance of the new CEO.

Zacks Rank & Stocks to Consider

Gol Linhas currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some better-ranked stocks in the Zacks Transportation sector are C.H. Robinson Worldwide, Inc. (CHRW - Free Report) , GATX Corporation (GATX - Free Report) and Golar LNG Limited (GLNG - Free Report) .

The expected long-term earnings per share (EPS) (three-to-five years) growth rate for C.H. Robinson is pegged at 9%. Improving freight market conditions are aiding CHRW. In first-quarter 2022, the top line improved 41.8% owing to favorable truckload pricing forcustomers and remarkable profits in ocean freight.

Driven by the positives, the stock has rallied 9.6% in the past year.  CHRW currently sports a Zacks Rank #1.

GATX has a trailing four-quarter surprise of 40.8%, on average, with its earnings having surpassed the Zacks Consensus Estimate in all the last four quarters.  We are upbeat about GATX's efforts to reward its shareholders despite coronavirus-led woes. In January this year, GATX raised its quarterly dividend by 4% to 52 cents per share. The hiked dividend highlights its commitment to boosting shareholder value as well as underscores its strong financial condition and bright prospects.

Driven by the tailwinds, the stock has risen 13.9% in the past year.  GATX currently carries a Zacks Rank #2 (Buy).

Golar LNG has a trailing four-quarter surprise of 50%, on average, with its earnings having surpassed the Zacks Consensus Estimate in three of the last four quarters (one miss). GLNG is benefiting from an improved shipping performance. The shipping unit has been performing well so far, aiding GLNG’s top line.

Driven by the upsides, the stock has soared 108.4% in the past year.  GLNG currently flaunts a Zacks Rank of 1.