Board to decide Vale’s presidency this week

February 5, 2024 Stu Turley Rare Earth Minerals
Vale’s presidency

 

The board of Brazilian miner Vale has postponed the decision regarding the appointment of the company’s new president this week.

This comes after an “extraordinary” meeting held on Friday failed to reach a final decision, as reported by Notícias de Mineração Brasil.

According to the publication, the councilors reviewed a report on the performance of the current president, Eduardo Bartolomeo, and recommended that the selection be made from a shortlist that includes Bartolomeo.

Internally, potential candidates for the position still being considered include former Vale president Murilo Ferreira.

Executive Luis Henrique Guimarães from Cosan Group, the producer of bioethanol, sugar and energy, is also among those considered to take over leadership of the mining company.

His name is supported by Rubens Ometto, owner of Cosan, which acquired a stake of around 5% in Vale in 2022.

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About Stu Turley 3408 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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