Find out who are the names being considered to take over Vale

Find out who are the names being considered to take over Vale
Find out who are the names being considered to take over Vale
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The process of Choosing the new president of the mining company Vale has already started. Executives have already started to be surveyed by headhunting consultancies, according to the report. Estadão. As of January 1, 2025, the company will have a new CEO, who will succeed Eduardo Bartolomeo – whose contract, which would end on May 31, was extended until the end of this year. The definition and hiring of the new CEO are expected to take place by the end of November.

From January 1, 2025, Vale will have a new CEO, who will succeed Eduardo Bartolomeu
Photograph: FABIO MOTTA/ESTADÃO

At this point, a committee of Vale’s board of directors needs to define the recruitment company that will be responsible for nominating potential presidents. The deadline for this stage is June 30th, according to the company’s schedule. A triple list will be drawn from the pre-selected candidates and will be delivered to Vale’s 13 board members.

See below who are the main executives appointed with the profile to assume the presidency of Vale and who are in the sights of consultancies.

Senior executive at the Anglo American mining group, based in London, who previously worked at Vale between 1999 and 2011. He is currently CEO of Base Metals at Anglo American. Between 2011 and 2012, he was director of Mining at Votorantim Metais in Brazil. Among his various roles at Vale, Rubens was director of operations at Vale Fertilizers and president of Pará Pigmentos and Cadam, two subsidiaries of the mining company, in addition to having held different positions in Vale’s Base Metals business.

President and CEO of metalúrgica Gerdau, where he has worked since 2004. He has been CEO of the metalúrgica since 2018 and member of the Board of Directors of Gerdau and Metalúrgica Gerdau, and President of the Board of Directors of Seiva SA – Florestas e Indústrias (a company that is part of the Gerdau economic group). He is also an advisor to Instituto Aço Brasil and Juntos Somos Mais.

President of Companhia Brasileira de Metalurgia e Mineração (CBMM), the largest niobium producer in the world, controlled by the Moreira Sales family. Previously, Lima was vice-president of the company, between 2018 and 2022. He also had a long experience at InterCement, one of the largest cement companies in Brazil and the world. There, he was vice president of operations and CEO in São Paulo and Lisbon.

He was CEO of the cement company InterCement for four years until April 2023. He was also on the board of Mover Participações (formerly Camargo Corrêa) and worked in international financial corporations, such as Goldman Sachs, where he was Executive Director, and Citi, where he was deputy. president. Aidar was also a member and chairman of the board of Loma Negra, an Argentine manufacturer and the country’s main producer of cement, concrete and lime.

President of the Votorantim group for four years and since 2014 in the Ermírio de Moraes family conglomerate. He is Chairman of the Board of Directors of Banco BV and member of the boards of Auren Energia, Nexa Resources, CCR and 23S Capital. Schmidt was also an executive director in the investment banking division of Goldman Sachs.

The Dutchman is the former CEO of Anglo American in Brazil and Mineração Usiminas. He was also president of the board of directors of the Brazilian Mining Institute (Ibram) and member of the board of directors of MRS Logística for almost ten years. The executive spent time at Vale between 2006 and 2009, holding the positions of director of integration and project implementation. Bruijn began his career in the sector in 1992, at Minerações Brasileiras Reunidas (MBR), where he was CFO and CEO.

Luís Henrique Guimarães

Former CEO of Cosan, he is currently an advisor to the same company, in addition to Moove, Compass and Vale. Before Cosan, he was CEO of Raízen and Comgás. He also held several positions at Shell.

He had a career at Banco do Brasil, where he was CEO, and in recent times he has been working in the private sector. He was CEO of Cielo and is currently CEO of BBC bank, linked to the holding company Simpar, owner of JSL and Movida. He worked at Companhia Siderúrgica Nacional, as a director.

Currently CEO of Eletrobras, he was also CEO of Petrobras and an executive at Banco do Brasil, holding the positions of chairman of the supervisory board of Banco do Brasil AG (BB’s subsidiary in Austria) and vice-president of financial management and investor relations , among many other positions in his more than 30 years with the company. Furthermore, he served as a member of the Board of Directors in several companies such as: IRB, Gaspetro, Grupo Ultra, BB Seguridade, Banco Votorantim, CPFL Energia, Neoenergia, Cielo and Previ.

President of Suzano, a pulp and paper manufacturer, a position he will leave at the beginning of July. Schalka recently said, in relation to his name being put forward for the role, that he has “other goals at the moment”. He was also CEO of Votorantim Cimentos.

Current president and advisor of Ultrapar. He was also CEO of Cosan for more than 10 years. Lutz, who is highly rated and well-regarded even within the government, has been, since 2021, when he left Cosan, involved with the reorganization of the Ultrapar group’s business, of which he also became a shareholder. O Estadão found that he was actually invited to participate in the process, but declined.

The article is in Portuguese

Tags: Find names considered Vale

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