October 31, 2016 / 1:42 PM / 2 years ago

UPDATE 1-Brazil's Camargo Correa taps Elstrodt as chairman

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SAO PAULO, Oct 31 (Reuters) - Camargo Correa SA, the Brazilian family conglomerate with interests ranging from cement to engineering, said on Monday it has tapped Heinz-Peter Elstrodt as chairman, part of the group’s transformation into an investment holding company.

Elstrodt worked for McKinsey & Co for 32 years, and was recently the U.S. consultancy firm’s head of Latin American operations.

The decision to appoint Elstrodt follows a decision by the family that controls Camargo Correa to migrate towards a model of running a portfolio of companies.

Elstrodt replaces Vítor Sarquis Hallack, who stepped down in August.

Reporting by Guillermo Parra-Bernal Editing by W Simon

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