Brazil: Antonio Ermírio de Moraes, a former chairman of Votorantim, died on 24 August 2014. De Moraes, who served as chairman and CEO of the company, died of heart failure at the age of 86. At the time of his death, De Moraes held a 25% in the group. His family hold the remaining 75% interest.

Votorantim former chairman and CEO Antonio Ermírio de Moraes dies
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