Brazil’s high miner is a serious producer of iron ore, pellets and nickel, along with working mining initiatives that faucet manganese, cobalt, copper, gold and silver.
Earlier this 12 months, Vale disclosed a management succession schedule calling for 3 finalists for the highest job to be accepted by its board by late September, after which a ultimate decide unveiled by early December in time for a key investor occasion.
“After many discussions relating to the succession course of, the board had met, understanding that the sooner the selection was made, in a accountable method, the higher it will be for the corporate,” chairman Daniel Stieler stated in an interview at Vale’s Rio de Janeiro headquarters.
Revealing the decide of Pimenta in August eliminated “a few of the noise of candidate names that had been surging on a regular basis,” however have been by no means evaluated by the board, Stieler added.
(By Marta Nogueira and Andre Romani; Modifying by Chris Reese and David Alire Garcia)