SAO PAULO (Reuters) -A consulting agency employed by Brazilian mining firm Vale to assist with its chief govt succession course of has offered its board of administrators with 15 potential candidates, native newspaper O Globo reported on Tuesday.
Amongst these urged by the Russell Reynolds consultancy for Vale’s prime job are the heads of huge Brazilian companies, together with Embraer’s Francisco Gomes Neto, Gerdau’s Gustavo Werneck and Klabin’s Cristiano Teixeira.
Vale, one of many world’s largest iron ore miners, expects to announce by early December its new chief govt to switch Eduardo Bartolomeo, whose time period ends this yr.
In a securities submitting on Tuesday night, Vale mentioned Russell Reynolds’ recommendation concerning its chief govt succession plans are ongoing. The submitting added the miner’s board of administrators has not but selected an inventory of candidates for the function.
Russell Reynolds’ record additionally contains Pedro Parente, based on the O Globo report. Parente led Brazil’s state-run oil big Petrobras from 2016 to 2018 and served as former President Fernando Henrique Cardoso’s chief of employees.
Different names listed within the newspaper report had been Volkswagen (ETR:) America head Pablo Di Si, Anglo American (JO:)’s Ruben Fernandes, Equatorial’s Carlos Piani and Engie Brasil’s Mauricio Bahr.
Final week, Vale pledged to “proceed swiftly” to switch two impartial board members who resigned in the previous few months, one among them citing allegations of political affect within the CEO succession plan.
