Vale announces executive for Coal operations

6/10/2020

Vale announces executive for Coal operations

Rio de Janeiro, June 10th, 2020 – Vale S.A. (“Vale”) informs that, from June 15th onwards, Paulo Couto, current director of Procurement, takes on as Head of the Coal Business, and will report to CEO Eduardo Bartolomeo. Paulo Couto joined Vale in 2010 after a solid career in companies such as Whirlpool, Ambev, Bain & Co and Shell. In 2016, he took on the position of Director for Procurement and Inbound Logistics at Vale. Known to have a people centered approach to decision making, Paulo has demonstrated his ability to lead transformations in complex environments while generating expressive and sustainable results, Paulo holds a Production Engineering degree from the Federal University of Rio de Janeiro (UFRJ) and a MBA degree from the Harvard Business School.

Vale thanks Juarez Saliba, former director of Strategy, Mineral Exploration, and New Businesses, who was also director for Coal, for his considerable contributions to Vale in almost 20 years, especially industry intelligence monitoring, new businesses development, and mineral research and technology.
 

Ever since the Covid-19 outbreak began, our highest priority is the health and safety of our employees. Our IR team adopted work-from-home, and as we continue to face these new circumstances, we strongly recommend you prioritize e-mail and online engagement.

For further information, please contact:

Vale.RI@vale.com
Ivan Fadel: ivan.fadel@vale.com
Andre Werner: andre.werner@vale.com
Mariana Rocha: mariana.rocha@vale.com
Samir Bassil: samir.bassil@vale.com

This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.


Vale announces executive for Coal operations