Brazil's leading homebuilder Cury is preparing to appoint an internal executive as its next chief executive officer, according to sources familiar with the matter. The move comes as the company's namesake founder prepares to step down from the top role, marking a significant leadership transition for one of Latin America's largest residential construction firms.

The decision to promote from within signals continuity in Cury's strategic direction during a crucial period for Brazil's real estate sector. The company has been a dominant force in the affordable housing market, benefiting from government programs and demographic trends that have driven demand for residential properties across Brazil's major metropolitan areas.

This succession plan reflects the company's confidence in its internal talent pipeline while maintaining stability during the leadership change. Cury's performance in recent years has made it a bellwether for Brazil's construction industry, with its stock performance closely watched by investors tracking the broader economic recovery in Latin America's largest economy.