Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
TIM PARTICIPAÇÕES S.A
Publicly Held Company
Corporate TaxPayers’ Registry (CNPJ/MF) No. 02.558.115/0001-21
Company Registry (NIRE) No. 33.300.276.963
ANNOUNCEMENT
TIM Participações S.A (“Company”) hereby announces to its shareholders, the market in general and other interested parties as follows:
The members of the Board of Directors of the Company were gathered today and, in view of Mr. Gianandrea Castelli Rivolta resignation, decided to elect Mr. Claudio Zezza as Chief Financial and Investors Relations Officer of the Company. It was also decided by the Board of Directors that, until the authorizations required to the vesting and investiture into office of Mr. Claudio Zezza are issued by the competent Brazilian authorities, the function of Chief Financial and Investors Relations Officer will be performed ad interim by the Chief Executive Officer of the Company, Mr. Mario Cesar Pereira de Araujo. Mr. Claudio Zezza has a degree in Economics from Universitá la Sapienza. During his previous experiences, he was responsible for the Planning and Control sector for the fixed telecom activities of Telecom Italia S.p.A.’s subsidiaries.
In the same date, the Board of Directors also decided to, in view of Mr. Orlando Lopes Junior resignation, elect Mr. Beniamino Bimonte as Chief Human Resources Officer of the Company. It was also decided by the Board of Directors that, until the authorizations required to the vesting and investiture into office of Mr. Beniamino Bimonte are issued by the competent Brazilian authorities, the function of Chief Human Resources Officer will be performed ad interim by the Chief Legal Officer of the Company, Ms. Lara Ribeiro Piau Marques. Mr. Beniamino Bimonte has a degree in Economics from Universitá Federico II with MBA from Stoa-MIT. During his previous experiences, he was responsible for the Managerial Development in Human Resources of Telecom Italia S.p.A.
Finally, the Board of Directors decided to, in view of Mr. Francesco Saverio Locati resignation, elect Mr. Mario Cesar Pereira de Araujo as Chief General Officer of the Company,cumulatively to its function of Chie f Executive Officer of the Company.
Rio de Janeiro, August 6th, 2008.
Giorgio della Seta Ferrari Corbelli Greco
Chairman of the Board of Directors of TIM Participações S.A
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TIM PARTICIPAÇÕES S.A. | |||
| Date: August 26, 2008 | By: | /s/ Mario Cesar Pereira de Araujo | |
| Name: Mario Cesar Pereira de Araujo | |||
| Title: Chief Executive Officer | |||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.