Vale CEO to keep job through 2024 as miner seeks successor
Vale CEO Eduardo Bartolomeo will retain his job through December while one of the world’s biggest mining companies conducts a search for a successor, according to people familiar with the matter.
The outcome follows weeks of drama over the selection of Vale’s next leader amid mounting pressure from the Brazilian government to intervene in the succession process. The wrangling has put a spotlight on the government’s influence in the mining sector, even though the metals producer was privatized in 1997.