https://www.miningweekly.com

Vale raises number of independent board members to eight

4th May 2021

By: Reuters

  

Font size: - +

RIO DE JANEIRO - Brazilian miner Vale said in a securities filing on Monday the company has elected eight independent board members, up from three independent members over the last years.

The group includes the former CEO of State-controlled oil company Petroleo Brasileiro, Roberto Castello Branco.

Other independent board members are José Luciano Duarte Penido, Ollie Oliveira, Marcelo Gasparino, Mauro Cunha, Murilo Passos, Rachel Maia and Roger Downey.

Non-independent members elected to the board and related to shareholders such as Bradespar, pension funds and Mitsui & Co are Fernando Buso, José Maurício Coelho, Eduardo Rodrigues Filho and Ken Yasuhara. Employees elected Lúcio Azevedo.

In a filing, the Brazilian miner said the election was a milestone in the process of becoming a dispersed ownership company, which began in 2017. The company said the new board now has the task of accelerating its transformation after the Brumadinho disaster and increasing its commitment to ESG targets.

Edited by Reuters

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION