The board of directors of Copa Holdings is pleased to announce the appointment of Mr. Jose Montero as Chief Financial Officer effective March 15. Mr. Montero, currently Director of Planning of Copa Airlines, succeeds Mr. Victor Vial, who will continue his involvement with the company as advisor to the board of directors. Mr. Montero started his career with Copa Airlines in 1993 and held various technical, supervisory, and management positions within the company. He has a BS in Aeronautical Studies from Embry Riddle University and an MBA from Cornell University. In his nearly 20 years of experience at Copa Airlines he has held the positions of Manager of Flight Operations, Director of System Operations Control Center (SOCC) and during the past 9 years as Director of Planning. He also plays an important role in the company's Strategic Committee and heads the Scheduling and Flight Profitability committees.