UPDATE 1-Brazil Gerdau proposes split chairmanship, leader to step down
RIO DE JANEIRO, March 26 (Reuters) - Brazilian steelmaker Gerdau SA said on Thursday it plans to split the role of chairman between its current chief executive and a vice president, as the company passes what is principally a family business on to the next generation.
Chairman Jorge Gerdau Johannpeter will hand the role to his son, Chief Executive Officer André Gerdau Johannpeter, as well as to his nephew, Vice President Claudio Gerdau Johannpeter, the company said in a statement.
The changes will be put to a vote at a meeting to elect the new board on April 29.
The two will also serve as joint chairmen of Gerdau's holding company Metalurgica Gerdau SA. (Reporting by Stephen Eisenhammer; Editing by Tom Brown and David Gregorio)
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