Embraer has nominated Francisco Gomes Neto, current general director and CEO of Brazilian bus manufacturer Marcopolo, to replace outgoing president and CEO Paulo Cesar de Souza e Silva, the company announced Tuesday. The company plans to hold the election during its next board meeting, after the general shareholders' meeting scheduled for April 22.

Holding an electrical engineering degree with a specialization in business administration and an MBA in controllership and finance, Neto built his career in the automotive industry, holding CEO positions over the last 20 years, both in Brazil and in the U.S. Over the past three years, he has served as chief executive of Marcopolo, during which time he led a company transformation program that generated strong sales growth. Previously, he served as CEO for the Americas for Mann+Hummel and president of Knorr Bremse, as well as in other leadership positions.

“With vast international experience and focus on industrial sector management, I am confident that Francisco Gomes Neto has the right profile and competencies to lead Embraer through this period of transformation of the company and of the global aerospace sector,” said Embraer chairman Alexandre Silva.

Paulo Cesar de Souza e Silva has agreed to assume a role of senior advisor to the board of directors during Neto’s introduction to the company and throughout the segregation of assets and resources of the commercial aviation business, until the completion of the partnership with Boeing.