Key Vale partners want to keep CEO to stem political pressure – Valor

February 13, 2017

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Vale’s top non-government shareholders want CEO Murilo Ferreira in the job for another two years to stem pressure from Brazilian politicians to appoint an ally at the helm of the world’s No 1 iron-ore producer, newspaper Valor Econômico said on Monday.

Valor, which cited unnamed people familiar with the matter, said some members of Vale’s controlling bloc were considering voting for the renewal of Ferreira’s term when it expires next quarter. Bradespar and Japan’s Mitsui & Co are the private-sector members of the bloc.

Category: General