Brazil’s Temer looking to replace Vale CEO – Valor

June 2, 2016

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Brazil’s interim President Michel Temer plans to replace the head of the nation’s largest miner, Vale, because he is too closely allied with suspended President Dilma Rousseff, newspaper Valor reported on Thursday.

Valor said a decision has yet to be taken, and cited one source as saying that controlling shareholders had not yet discussed the issue.

Category: General