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Vale approves new three-year term for CEO Bartolomeo

16th March 2021

By: Reuters

  

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SAO PAULO - Vale said the Brazilian miner's board approved the re-election of current CEO Eduardo de Salles Bartolomeo to serve a new three-year term, according to a securities filing on Tuesday.

The company also said legal director Alexandre D´Ambrosio would move to the position of executive legal director, while peoples director Marina Barrenne Quental will become a member of the executive directors' board.

Vale also appointed Maria Luiza de Oliveira Pinto e Paiva as executive director of sustainability.

In the filing, Vale said the terms of office of the new executives was increased to three years from two years at a March 12 shareholders meeting.

The change aims at provide greater stability to management.

Edited by Reuters

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