SAO PAULO, June 18, 2012 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBovespa: GOLL4 and NYSE: GOL), (S&P: B+, Fitch: B+, Moody's: B3), the largest low-fare, low-cost airline in Latin America, hereby announces, pursuant to CVM Instruction 358, as amended, that in a Board of Director's Meeting held on this date, Paulo Sergio Kakinoff was elected as the new Company's Chief Executive Officer (CEO). Paulo Sergio Kakinoff will be invested in the new position as the CEO as of July 2, 2012. The position is currently occupied by Constantino de Oliveira Junior. To access the document, please visit our website: www.voegol.com.br/irContactInvestor RelationsLeonardo Pereira – Vice-President and CFOEdmar Lopes – Finance and IR OfficerGustavo Mendes – Investor RelationsRicardo Rocca – Investor Relations Phone.: (11) 2128-4700E-mail: email@example.comWebsite: www.voegol.com.br/riTwitter: @GOLinvestCorporate CommunicationsPhone.: (11) 2128-4413E-mail: firstname.lastname@example.orgTwitter : @GOLcomunicacaoMedia Relations Edelman ( USA and Europe): Meaghan Smith and Robby CorradoPhone.: +1 (212) 704-8196 / 704-4484E-mail: email@example.com@edelman.com SOURCE GOL Linhas Aereas Inteligentes S.A.