Vale announces final composition of the Audit Committee

3/25/2020

Vale announces final composition of the Audit Committee

Rio de Janeiro, March 25th, 2020 – Vale S.A. (“Vale”), in continuity with the press release dated March 11th, 2020, informs that the Board of Directors appointed Mr. Sergio Ricardo Romani as the third member to compose the Audit Committee.

Thus, the Audit Committee has the following composition:

Isabella Saboya de Albuquerque - member and coordinator of the Audit Committee. Mrs. Albuquerque is an independent board member of Vale and the company Wiz Soluções. She worked at the institutions Jardim Botânico Investimentos, Investidor Profissional, Comissão de Valores Mobiliários (the Brazilian Securities and Exchange Commission, “CVM”) and Banco Icatu. She graduated in Economics from PUC-RJ and is a Board Member certified by IBGC - CCI.

Luciana Pires Dias - member of the Audit Committee. Mrs. Dias is a lawyer, with a master's and doctorate from the Universidade de São Paulo and 23 years of professional experience in public and private initiatives, having specialized in capital market regulation, corporate law and corporate governance over the years. Mrs. Dias worked at the CVM and law firms in Brazil and in the United States. In 2016, she joined the B3 Audit Committee, a position she currently holds. She also served on the Board of Directors of the company Unidas and on the Audit Committee and Board of Directors of the National Bank for Economic and Social Development - BNDES.

Sergio Ricardo Romani – member of the Audit Committee. Mr. Romani is an accountant, graduated from Universidade Santa Úrsula, and specialized in auditing, having worked for more than 36 years at Ernst & Young (EY) where, throughout his career, he was dedicated to supporting publicly traded companies in Brazil and abroad, mainly in the United States. He was EY’s leading partner for the auditing practice (which includes accounting consultancy, fraud and investigation) in Brazil and South America for over 10 years. In 2016, he was appointed as CEO of EY in South America and Chairman of the regional Board of Directors. He also served as a member of the “AOE-EY American Operating Executive" and the "Global Partners Group".

 

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 final composition of the Audit Committee