STXNEWS LATAM-Brazil's Votorantim shakes up management

Sept 25 Thu Jan 9, 2014 6:22pm EST

Related Topics

Sept 25(Reuters) - Brazil's largest industrial conglomerate, Votorantim, said on Thursday it will replace its chief executive, Raul Calfat, as part of a drive to boost transparency and decentralize management and strategic decision.

Calfat will move to a non-executive position as chairman of the board of Votorantim Participacoes SA, while Votorantim Industrial's chief financial officer, João Miranda, will become its general director, the company said in a statement.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article