Joined the Board of LATAM Airlines in August 2018. Villalobos is a regular member of the board of directors of Petrobras and Telefónica Vivo, founding partner of the company Villalobos Consultoria and a professor of post-graduate courses in finance at Insper. She was the Manager of Funds in Latin America, in Chile, managing mutual and institutional funds of Larrain Vial AGF. She was responsible for Private Equity investments in Brazil, Argentina and Chile for Bassini, Playfair & Associates, LLC. She graduated in Public Administration from EAESP/FGV in 1984 and obtained a Master in Finance from the same institution.