Vale (VALE3) updates on its president’s succession process

Published at 7:26 pm

The mining company Vale (VALE3) updated this Wednesday, 1st, on the succession process of the company’s current president, Eduardo Bartolomeo.

The hiring of an international standard consulting company to conduct the selection process will be completed by 06/30/2024.

Approval of the triple list of candidates selected by the consultancy will be completed by 09/30/2024.

Also according to Vale, the approval, formalization of the contract and presentation of the new president will take place until 12/03/2024 (until Vale Day).

The contract of the current president will end on 12/31/2024 and the inauguration of the new company president will be completed by 01/01/2025.

As already informed by the mining company, Bartolomeo will remain president until December 31, 2024, supporting the transition to the new president of Vale until February 28, 2025.

After the transition period, Bartolomeo will act as an advisor to the mining company until the end of 2025.

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