Board of Directors

About Vale

Board of Directors

Corporate Charter

The Board of Directors follows a corporate charter in order to regulate its operation, as well as the relationship between the Board and other governing bodies of the Company.

Download Corporate Charter

The Board of Directors is responsible for defining the company's policies and general guidelines, for examining the plans and projects proposed by the Executive Board, and for evaluating the results.

The Board of Directors holds regularly scheduled meetings on a monthly basis and holds additional meetings when called by its chairman, vice-chairman or any two directors. Decisions of the Board of Directors require ​a quorum of a majority of the directors and are taken by majority vote.

 
Board of Directors Alternate director
Gueitiro Matsuo Genso (President) Gilberto Antonio Vieira
Dan Antonio Marinho Conrado Arthur Prado Silva
Marcel Juviniano Barros Francisco Ferreira Alexandre
Eduardo Refinetti Guardia Robson Rocha
Fernando Jorge Buso Gomes (Vice-presidente) Moacir Nachbar Junior
Denise Pauli Pavarina Luiz Maurício Leuzinger
Shinichiro Omachi Yoshitomo Nishimitsu
Oscar Augusto de Camargo Filho Eduardo de Oliveira Rodrigues Filho
Eduardo de Salles Bartolomeo Vacant
Lucio Azevedo Raimundo Nonato Alves Amorim
President
Gueitiro Matsuo Genso (chairman)

Member of Vale’s Board of Directors since 2015.

Alternate director: Gilberto Antonio Vieira

Other current positions as board member or director: Chairman of Previ since 2015; Member of the Board of Directors of the Brazilian Interbank Payment Chamber since August 2014; Member of the Audit Council of insurance group BB Mapfre since June 2011.

Professional experience: Executive Director (Private Clients) of Banco do Brasil from 2014 to 2015; Executive Director (Home Loans) of Banco do Brasil from 2011 to 2014; Executive Director (Loans) of Banco do Brasil from 2010 to 2011; Executive Director (Products) of Banco Nossa Caixa S.A. from 2009 to 2010.

Academic background: Undergraduate degree in Business Administration from SPEI, Curitiba; MBA from Getulio Vargas Foundation, Cascavel; MBA in Agribusiness from Luiz de Queiroz Agricultural College (ESALQ), Piracicaba.

Dan Conrado

Director of Vale since October 2012.

Alternate director: Arthur Prado Silva

Other current director or officer positions: Chief Executive Officer of Previ, the pension fund of the employees of Banco do Brasil, since June 2012; Chief Executive Officer of Valepar since October 2012; member of the Board of Directors of FRAS-LE S.A., a publicly-held friction materials manufacturer, since April 2010; alternate member of the Board of Directors of Mapfre BBSH2 Participações S.A., a publicly-held insurance company, since June 2011.

Professional experience: Alternate member of the Board of Directors of Aliança do Brasil S.A., a publicly-held insurance company, from June 2010 to June 2011; alternate member of the Board of Directors of BRASILPREV S.A., a publicly-held pension fund, from January 2010 to March 2010; director for Marketing and Communications for Banco do Brasil S.A., a publicly-held financial institution, in 2009, where he also served as director of Distribution, from 2010 to 2011, and vice president for Retail, Distribution and Operations, from December 2011 to May 2012; member of the Fiscal Council of Centrais Elétricas de Santa Catarina S.A., a publicly-held electric utility company, from April 2000 to April 2002; member of the Fiscal Council of WEG S.A., a publicly-held engines manufacturer and full industrial electrical systems provider, from April 2002 to April 2005.

Academic background: Degree in Law from Universidade Dom Bosco, Mato Grosso do Sul; MBA degree from COPPEAD /Universidade Federal do Rio de Janeiro (‘‘UFRJ’’) and an MBA degree from Instituto de Ensino e Pesquisa em Administração (‘‘INEPAD’’).

Vice president
Fernando Jorge Buso Gomes

Member of Vale’s Board of Directors since April 2015

Served as a member of the Board of Directors of the following companies: Brennand Cimentos S.A .; Smartia Corretora de Seguros S.A .; SMR Investment and Participation Group S.A .; Log Commercial Properties S.A .; Sete Brasil S.A. and 2b Capital S.A.

He is also Private Equity Area head at Banco Bradesco, CEO of Bradespar S.A., as well as a director of Valepar S.A. and 2bCapital S.A.

Professional Background: He began his career at the Chase Manhattan Bank, where he acted and managed areas such as Corporate Finance, Merchant Banking and International Capital Markets. He was managing director of Investment Banking and Capital Markets at Banco Bilbao Viscaya Argentaria Brasil from 1999 to July 2003 and co-head of Corporate Banking at Banco Bradesco between 2003 and 2006. From 2007 on became a Managing Director at Banco Bradesco BBI S.A.

He was a member of the Board of Directors of BR Towers S.A. and CPFL Energias Renováveis S.A.

Academic Background: Graduated in Economic Sciences.

Marcel Juviniano Barros

Director of Vale since october 2012.

Alternate director: Francisco Ferreira Alexandre
Other current director or officer positions: Officer of Securities of Previ since June 2012.

Professional experience: Held several positions in over 34 years at Banco do Brasil S.A., a publicly-held financial institution, including the positions of Union Auditor and General-Secretary of the National Confederation of Financial Branch Workers, where he coordinated international networks.

Academic background: Degree in History from Fundação Municipal de Ensino Superior de Bragança Paulista.

Eduardo Refinetti Guardia

Member of Vale's Board of Directors since July 2016.

Alternate director: Robson Rocha

Other current director or officer positions: Member of Droga Raia Board of Directors (2008 to 2010); Member of Ideal Invest S.A. Board of Directors (2007-2009); Member of BNDES Fiscal Council (2000-2002); Member of Banco do Brasil Supervisory Board (1999-2000); Member of the National Council for Social Security (1998-1999);

Professional experience: hief Financial Officer, Corporate and Investor Relations at BMF Bovespa (2010-2013); Executive Director of Product and IR at BMF Bovespa (2013-2016); Advisor to the Minister of Planning and Budget (1997-1998); Deputy Secretary of the Economic Policy Department at the Ministry of Finance (1998-1999); Special Adviser to the Minister of Finance (1999); Deputy Secretary of the Treasury (1999-2002); Secretary of the Treasury (2002); Researcher of Tax Department in IESP/FUNDAP (1989-1993); Economics Department Professor at PUC SP (1990-2012); Planning and Management Secretary Advisor in the Government of SP (1993-1994); Credit Advisor Heritage SEFAZ the Government of SP (1994); Head of Economic Advisory SEFAZ the Government of SP (1995-1997); Finance Secretary in SP government (2003-2006);

Academic background: Bachelor in Economics (PUC São Paulo), Doctorate in Economics (USP) and Master in Economics (University of Campinas).

Oscar Augusto de Camargo Filho

Director of Vale since September 2003.

Alternate director: Eduardo de Oliveira Rodrigues Filho

Other current director or officer positions: Director of Valepar since 2003; partner of CWH Consultoria Empresarial, a business consulting firm since 2003.

Professional experience: Chairman of the Board of Directors of MRS from 1999 to 2003 and chief executive officer and member of the Board of Directors of CAEMI—Mineração e Metalurgia S.A. (‘‘CAEMI’’), a mining holding company that was acquired by Vale in 2006, from 1990 to 2003, where Mr. Camargo Filho also held various positions from 1973 to 2003; various positions at Motores Perkins S.A., including commercial officer and sales and services manager, from 1963 to 1973.

Academic background: Law degree from USP.

Eduardo de Salles Bartolomeo

Member of the Board of Directors of Vale since September 2016.

Alternate director: Marcelo Marcolino

Other current positions as board member or director: Arteris S.A. 2015 to date
Largest road concessionaire in Brazil, controlled by Abertis (Spain) and Brookfield (Canada)
Member of the Board of Directors
Representative of the minority Shareholders and a member of the Financial and Investment Committees.

Login Logística Intermodal S.A. 2016 to date
Brazilian company of cabotage and logistics services
Member of the Board of Directors
Chairman and member of People & Management and Financial Committees

Professional Experience:
BHG – Brazil Hospitality Group, Rio de Janeiro, Brazil 2013 to 2015.
Chief Executive Officer

Vale SA, Rio de Janeiro, Brazil 2007 to 2012.
Executive Director of Integrated Operations (2010 to 2012)

Petroflex, Rio de Janeiro, Brazil 2006 to 2007.
Chief Executive Officer

Cia Vale do Rio Doce, Rio de Janeiro, Brazil 2004 to 2006.
Director of, Department of Logistics Operations

Cia de Bebidas das Américas (AMBEV), São Paulo / Rio de Janeiro 1994 to 2004.
Regional Production Director (2003 to 2004) – Rio de Janeiro
Production Manager (2001 to 2002) – Rio de Janeiro
Corporate Logistics Manager (1999 to 2001) - São Paulo
Production Manager (1996 to 1998) – Belo Horizonte, MG
Corporate Planning Manager (1994 to 1996) - São Paulo

Cia. Siderúrgica Paulista (COSIPA), Santos, Brazil 1988 to 1991.
Department Head – converters e Plate Conditioners (1989 to 1991)
Trainee (1988 to 1989)

Academic Qualifications: MBA 2013 - Massachusetts Institute of Technology – MIT - Boston USA
MBA 1993 - Katholieke Universiteit Leuven – Belgium, Metallurgical Engineering 1988 - Federal Fluminense University, Rio de Janeiro Brazil

Lucio Azevedo

Alternate director: Carlos Roberto de Assis Ferreira

Alternate member of PASA’s Audit Council from 2013 until now, and full member of the same council between 2011 and 2013. His main professional experience includes the following positions: (i) President of the Railway Company Labour Union for the States of Maranhão, Pará and Tocantins (STEFEM) from 2013 until now; (ii) Finance Director of this same union from 1997 to 2013; (iii) various functions in the Train Operation area of the Carajás Railway, part of Companhia Vale do Rio Doce, from December 1985 to October 2001.

Denise Pauli Pavarina

Member of the Board of Directors of Vale since February 2017.
Deputy: Luiz Maurício Leuzinger

Professional Experience: Started her career in March 1985, in Banco Bradesco de Investimento S.A., a financial institution that was incorporated by Banco Bradesco S.A. in November 1992. In Bradesco, she held the positions of Underwriting Manager and Portfolio Administration Department Manager. In September 1996, she was promoted to Executive Superintendent, being elected Department Director in January 2001. In June 2006, she was elected Director of Banco Bradesco BBI S.A. and, in January 2007, Managing Director, remaining until December 2009, when she returned to Bradesco, being elected Department Director. In January 2012, she was elected Deputy Executive Director and, in February 2015, Executive Managing Director, a position she currently holds.

She is currently Manager Director of Bram - Bradesco Asset Management S.A. Distribuidora de Títulos e Valores Mobiliários; Member of Managing Body of Fundação Bradesco; Vice-President of Board of Directors of 2bCapital S.A; Member of Investment Committee of NEO Capital Mezanino Fundo de Investimento em Participações; Member of Board of Directors of Instituto BRAiN - Brasil Investimentos & Negócios; and Member of Board of Directors, Member of Advisory Committee for Intermediation Department and Member of IT Committee of BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange.

Academic Qualifications: Economics at Armando Álvares Penteado College – FAAP ; Law at Paulista University – UNIP; Executive MBA in Finance at Insper - Teaching and Research Institute.

Shinichiro Omachi

Member of the Board of Directors of Vale since April 2017.
Deputy: Yoshitomo Nishimitsu

Other positions: Chief Operating Officer of Mineral and Metallurgical Business Unit of Mitsui & Co. Ltd. (since April 2015).

Professional Experience: worked as Managing Director of Mitsui & Co. Ltd. (from April 2014 to March 2017); General Manager of Investment Administrative Department of Mitsui & Co. Ltd.; and Deputy Chief Operating Officer of Mineral & Metal Resources Business Unit in Mitsui & Co. Ltd.

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