About Vale


The Vale Executive Board is headed by CEO Fabio Schvartsman, with six executive officers. See the list below for summarized profiles of each Board member.

  • Fabio Schvartsman

    Fabio Schvartsman

    Fabio Schvartsman is 63, has a graduate and post-graduate degree in production engineering from the University of São Paulo and a post-graduate degree in Business Administration from Fundação Getúlio Vargas. He worked for 10 years at Duratex and for 22 years at the Ultra Group, leaving the company in 2007 as the Ultrapar holding CFO and managing partner of Ultra S.A. Fabio was CEO of Telemar Participações and of San Antonio International and, since 2011, served as Klabin's CEO.

  • 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.

  • 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.