About Vale


The Vale Executive Board is headed by CEO Murilo Ferreira, with seven executive officers. See the list below for summarized profiles of each Board member.

  • Murilo Ferreira

    Murilo Ferreira

    Murilo Pinto de Oliveira Ferreira has over 30 years' experience in mining and was appointed as president (CEO) in May 2011. He joined the Board in 2005, heading the Shareholdings and New Business Department.

    He began his professional career at Vale in 1977 as a financial and economic analyst. He subsequently took on important roles such as CEO of Vale Inco, currently part of Vale operations in Canada.

    Graduate in business administration at Fundação Getúlio Vargas, São Paulo, he obtained post-graduation in administration and finance at the Rio de Janeiro branch of the same institution, and executive specialization (Senior Executive) at IMD Business School in Lausanne, Switzerland.

  • Humberto Freitas

    Executive director, Logistics and Mineral Exploration
    Humberto Freitas

    Humberto Freitas was appointed as Logistics and Mineral Exploration executive director in November 2011, and is head of the Vale Technological Institute and Valia, a private pension fund for Vale employees.

    He has headed several other Vale departments, such as Logistics Operations, Ports and Shipping, Port and Shipping Operations and the Port Logistics Operations Department.

    Graduate in metallurgical engineering at Escola de Minas de Ouro Preto, Brazil, he also participated in the MIT Senior Leadership Program and the Executive Development Program at J.L. Kellogg, Northwestern University. Humberto also completed the Management Course at the Association of Overseas Technical Scholarship in Japan.

  • Luciano Siani

    Chief Financial Officer
    Luciano Siani Pires

    Luciano Siani Pires was appointed Vale's Chief Financial Officer in August 2012. Before this, from 2008 to July 2012, he held the positions of global director of Strategic Planning and global director of Human Resources and Governance at the company.

    He has extensive professional experience in the areas of finance, capital markets and strategic planning. In 2007 and 2008, he was chief of Staff and executive secretary to the president at Brazil's National Development Bank (BNDES), where he previously worked from 2005 and 2006 as chief of the Holding Management Department (Capital Markets), and head of the Export Finance Department in 2001 and 2002. Also at BNDES, between 1992 and 1999 he held positions in the areas of financial planning, investor relations and capital markets. For two years, from 2003 to 2005, he worked as a consultant for McKinsey & Company, focusing on the basic materials sector.

    Luciano Siani has served on the boards of Tele Norte Leste (Telemar), Suzano Bahia Sul Papel e Celulose, and Vale/Valepar.

    He has also taught for MBA programs at COPPEAD at the Federal University of Rio de Janeiro (UFRJ).

    Luciano Siani has an undergraduate degree in mechanical engineering from Pontifícia Universidade Católica in Rio de Janeiro (PUC-RJ) and a MBA, with a finance specialization, from the Leonard N. Stern School of Business, New York University.

  • Peter Poppinga

    Executive director, Ferrous Minerals
    Peter Poppinga

    Peter Poppinga assumed as Ferrous Minerals executive director in November 2014. In 2011, he was appointed Base Metals and Information Technology executive director, leading 16 operating sites around the world and driving major transformations and asset base optimization that turned the business around and delivered significantly improved results.

    With more than 20 years of experience in iron ore, Peter began his career in 1984 at Samitri, an iron and manganese mining company, where he held various leadership positions in mine planning, iron ore production and sales and marketing. He also held shared responsibility for sales of pellet production at Samarco and was actively involved in the development of the Chinese iron ore market.

    He graduated in geology at Universidade Federal do Rio de Janeiro, Brazil and Universität Erlangem, Germany; and in geology and mine engineering at Universität Clausthal - Zellerfeld, also in Germany. He also obtained specializations and titles at institutions in Singapore and the United States.

  • Roger Downey

    Executive director, Fertilizers and Coal
    Roger Downey

    Roger Allan Downey took up his post as executive director for Vale Fertilizers and Coal in May 2012. He had previously been Strategic Marketing Manager (Iron Ore).

    He has wide experience in mining, the capitals market, marketing and new business. Roger was an partner-director partner of CWH Consultoria Empresarial SC Ltda., a company providing consultancy and representation of private interests on the boards of large corporations, including Vale.

    Between 1996 and 2002, he held the post of commercial manager, Marketing and New Business at Rio Tinto.

    Roger graduated in management from the University of Western Australia (UWA) and in business administration at the Australian National Business School/UWA, with an MBA from UWA.

  • Clovis Torres

    Executive Director - Human Resources, Sustainability, Compliance and General Counsel
    Clovis Torres

    Clovis Torres has been named Vale’s new Executive Director - Human Resources, Sustainability, Compliance and General Counsel in August 2016.

    Torres is the current president of the Brazilian Institute of Mining (IBRAM), and has an extensive knowledge in Law, Mining, Management, Leadership, Finance and M&A, with certified courses from Harvard, MIT, IMD and INSEAD.

    He has been Vale’s Legal Corporate Director, Senior Lawyer in the International Finance Corporation, Executive Vice President in Bahia Mineração Ltd, member and Chairman of the Board of Directors of Petrobras.

    He graduated in Law in the Catholic University of Salvador, has a Master’s in International Law, Commerce and Finance from the University of Tulane (New Orleans) and an Executive MBA from the Fundação Getulio Vargas.

  • Jennifer Maki

    Executive director, Base Metals
    Chief Executive Officer of Vale in Canada

    Jennifer Maki

    Jennifer Maki was named Executive Director of Vale Base Metals in November 2014. She is also Chief Executive Officer of Vale in Canada.

    Ms. Maki has distinguished herself as an astute leader at Vale by taking firm action in cost management and control, implementing funding strategies, negotiating joint venture agreements in Base Metals, resolving pension fund issues for our Base Metals companies, and demonstrating exceptional commitment and motivational skills.

    Previous positions held by Ms. Maki include Chief Financial Officer/Executive Vice-President and Vice-President/Treasurer.She has participated actively in managing our Base Metals businesses outside Canada as a member of the Board of Commissioners of PT Vale Indonesia Tbk (PTVI) since 2007 and currently serves as its President Commissioner.

    Before joining Vale in 2003, Ms. Maki worked at PricewaterhouseCoopers for a decade. She holds a Bachelor of Commerce degree from Queen's University in Ontario, Canada and became a Chartered Accountant in 1996. Since 2012, Ms. Maki has served on the Board of Ronald McDonaldHouse® Toronto, which provides a home away from home for seriously ill children and their families.