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No discussions on replacing CEO – Vale
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8th January 2011
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TORONTO ( – Vale, the world's second-biggest mining company, said on Friday that its controlling shareholders are not discussing the replacement of CEO Roger Agnelli.

The company issued the clarification in response to “rumours” the firm said in a statement posted on its website.

Rio de Janeiro-based Vale made a similar statement on October 26, when it said that neither its board nor its controlling shareholders had discussed replacing Agnelli.

The company said at the time it was responding to media speculation, which cited information from sources on the board of directors.

Edited by: Liezel Hill


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