Ministers of Finance and Infrastructure convened a press conference on Monday to announce the results of the report General Financial Inspectorate on the departure of Alexandra Reis from TAP.
audit came to the conclusion about the invalidity of the agreement between TAP and Alexandra Reis, who will have to return 450 thousand euros to TAP. Now the report will be submitted to the Accounts Chamber to determine the financial responsibility of TAP managers.
Fernando Medina announced the chairman of the board of directors, Manuel Beja, and TAP CEO Christine Jeanne Urmier-Widener will be fired, but there will be no compensation.
Former TAP administrator Alexandra Reis expressed her disagreement with the report of the General Inspectorate of Finance [IGF], but assumes that he will return the money. “I don’t want the euro to cause the slightest suspicion,” said Alexandra Reis.
Already the now-rehabilitated TAP CEO guarantees that she will “cancel all legal consequences” of what she says is “discriminatory behavior” on the part of the General Inspectorate of Finance that caused her “perplexity”.
The report was requested on 27 December, after Correio da Manhã revealed that Alexandra Reis had left TAP with a compensation of 500,000 euros.
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Updated March 7, 2023 | 01:31
TAP has already instructed to return the amount paid to Alexandra Reis.
TAP has already instructed its lawyers to return compensation paid to Alexandra Reis and says its administrators acted “in good faith” in the process, according to the carrier’s objection to the IGF audit.
In a document released today as part of the release of the Inspectorate General of Finance (IGF) audit report, TAP says that “through its lawyers, it has already informed representatives” of Alexandra Reis “of its intention to demand a refund of full payment of the amount to be indicated by this General Inspectorate in its final report approved by the Government”.
Alexandra Reis will have to return a total of EUR 450,110.26 of the compensation paid to her by TAP, according to the auditor’s report.
The audit goes to the Accounts Chamber to determine the responsibility
The report of the General Inspectorate for Finance indicates that the conduct of the directors of TAP should be taken into account and that the results of the audit should be sent to the Accounts Chamber to determine financial obligations.
Luis Rodriguez to become TAP’s new executive chairman
The Minister of Infrastructure explains that Luis Manuel da Silva Rodrigues, current CEO of the Azorean carrier SATA, he was a former executive director of TAP and was again appointed by the government as the airline’s new executive president.
“We want to give TAP back the confidence to successfully complete the restructuring plan,” he says.
TAP CEO and Chairman fired without compensation
Alexandra Reis will have to return compensation to TAP
The Minister of Finance begins by explaining that the opinion of the General Inspectorate of Finance concluded that the agreement between TAP and Alexandra Reis was invalid. In this sense, Fernando Medina states that the manager is obliged to return 450 thousand euros to TAP.
Author: morning Post
Source: CM Jornal
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