Mozambique: LAM appoints new Executive Board – AIM report | Watch

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Mozambique: LAM appoints new Executive Board – AIM report | Watch

7:55 CAT | 16 May 2025

FILE - The board is headed by Dane Kondic, an Australian citizen of Serbian origin, who has a career in civil aviation spanning 35 years. Between 2013 and 2018, he was CEO and chairperson of Air Serbia. From 2021 to 2024 he held the same positions in the Portuguese company EuroAtlantic Airways.. [File photo: Kurir]

Mozambique Airlines (LAM) is now in the hands of an Executive Management Board, charged with bringing the near bankrupt company back to viability.

This board, according to a lengthy statement from LAM, “consists of highly competent professionals with proven experience in critical areas of commercial aviation”. Its members “were carefully chosen to lead the transformation of the company, focusing on recovering its financial sustainability, increasing its operational efficiency, and providing a safe and competitive service of excellence”.

The board is headed by Dane Kondic, an Australian citizen of Serbian origin, who has a career in civil aviation spanning 35 years. Between 2013 and 2018, he was CEO and chairperson of Air Serbia. From 2021 to 2024 he held the same positions in the Portuguese company EuroAtlantic Airways. This was the company that provided the aircraft for LAM’s flights between Maputo and Lisbon, now suspended after disastrous losses.

Other key members of the board were appointed by the three public companies that have taken shares in LAM – namely Hidroelectrica de Cahora Bassa (HCB), which operates the Cahora Bassa dam on the Zambezi River, the rail and port company, CFM, and the insurance company EMOSE.

LAM’s new chief financial officer is Lucas Francisco, who was HCB’s financial director from 2017 to 2023, and led negotiations between HCB and international banks.

Previously he was Financial Administrator at British American Tobacco in Mozambique, Angola and Zimbabwe (2010-2017), and a senior auditor in KPMG (2001-2003).

The new head of the LAM operational and technical area is Hilario Tembe. He has more than 35 years of aviation experience, with a total of 16,500 hours of flying time. For more than 7,250 hours he was captain.

In LAM, he has been Director of Flight Operations, and head of the training and flight operations departments. He has also been a designated examiner at the Civil Aviation Institute of Mozambique (IACM).

The mission of the new board, says LAM, “is to lead the company onto a solid trajectory of sustainable growth, strengthening its position as a strategic asset for Mozambique and as a reference point for the aviation sector in Africa”.

The appointment of Kondic as chairperson of the board, although he is a foreigner, “is a strategic decision of the new shareholders, based on the need, after several failed rescue attempts, to bring into this transitional phase a manager with vast international experience in managing and restructuring air companies”.

Kondic will handle the fate of LAM for 12 months, and an international public tender will be launched to recruit a definitive manager for the airline.

A non-executive board has also been set up, consisting of the chairpersons of HCB, CFM and EMOSE, which will supervise the Management Board, and promote greater institutional alignment. The task of the members of the non-executive board will be to look after LAM’s corporate interests and “guide the transformation with transparency and responsibility”.

Source: AIM