Daxko Operant, a Brazilian construction company that specializes in building concrete and steel, has died at the age of 83.
His passing came less than a week after the company announced the appointment of his successor, Guido Martins.
Operant has made headlines around the world in recent years for its construction projects in Brazil.
A statue of the founder of the company, Daxkos Inc. was built in Rio de Janeiro.
His son and grandson are also part of the team behind the statue.
The statue of Dax, who died in Rio in 2013, has become a rallying point for protests against corruption.