Walter Schalka to step down as Votorantim Cimentos CEO, Brazil

Walter Schalka has resigned his position as CEO of Brazilian market leader Votorantim Cimentos after seven years at the helm.

Mr Schalka will leave step down at the end of November and Paulo Henrique de Oliveira Santos, director of business development at Votorantim Industrial, will temporarily chair the company.

Speaking of his time at the company, he thanked the executive board of Votorantim Cimentos who "always supported me, allocating resources to implement the further growth of the company history and, especially, challenging the organisation to obtain different results."

Mr Schalka joined Votorantim in May 2005 as CEO of operations in Brazil, Canada, USA and 17 other countries.