The story
It was founded in 1918 by José Ermírio de Moraes, an engineer from Pernambuco. Its model of corporate governance assures the Ermírio Moraes family strategic controlling positions in the executive board. The Brazilian businessman Antônio Ermírio de Moraes was the representative of the family business, while non-family professionals are at the head of the Business Units.
From Wikipedia’s article on Votorantim Group, shared under CC BY-SA 4.0.5
