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Board of Directors and Leadership

Our model of governance aims to establish the principles of clearly-defined roles, transparency and stability that guide our actions.​

The general guidelines and policies that guide our business are established by the Board of Directors, which monitors the implementation of these initiatives through reports from the Executive Directors. The Board receives advice from technical and consulting committees, as follow.​

The Fiscal Council is a permanent functioning body.

Gráfico da Assembléia Geral Gráfico da Assembléia Geral

Board of Directors​

Our Board of Directors sets general guidelines and policies for our business and monitors the implementation of those guidelines and policies by our executive officers. Our bylaws provide for a Board of Directors consisting of 13 members, who will have a unified term of two years, and reelection is allowed.​

The Board of Directors has, on a permanent basis, four statutory advisory committees currently installed:

Personnel and Governance Committee​
Compliance and Risk Committee​
Finance Committee​
Sustainability Committee

In addition, as a result of Dam I failure at the Córrego do Feijão Mine in Brumadinho, on January 25th, 2019, three non-statutory Independent Advisory Committees were established for the Board of Directors ("CIAE"), composed of independent members with a reputation and experience in the subjects in which they occupy, namely:

  • ​The Extraordinary Independent Advisory Committee for Support and Recovery
  • Extraordinary Independent Advisory Committee for Investigation
  • Extraordinary Independent Advisory Committee for Dam Safety​

Board independence​

New listing rules applicable to independence requirements for the Novo Mercado came into force in January​ 2018. Pursuant to the Novo Mercado listing rules and our bylaws, at least two directors or 20% of our directors,​ whichever number is higher, must be independent. We currently have three independent members. To be considered independent under our bylaws and the Novo​ Mercado listing rules in effect in 2018, a director may not:​

Have current professional ties to Vale other than as a member of the Board of Directors or be a significant shareholder of Vale
Have been an employee or executive of Vale or of any party to the Shareholders’ Agreement for at least the past three years
Sell goods or services to or purchase goods or services from Vale
Be affiliated with any party to the Shareholders’ Agreement
Be a relative, up to the second degree, of any director or executive of Vale; (vi) have been a member of Vale’s audit committee in the past three years
Be an affiliate of any non-profit organization receiving significant financial resources from Vale

For more information about Vale’s board, access the Board of Directors' Internal Regulation

Board Profile

Gráfico do Conselho de Administração Gráfico do Conselho de Administração

Get to know who is part of Vale's Board of Directors and their main experiences and qualifications.​

As of November, 2019

José Mauricio Pereira Coelho​

Chairman
Meeting attendance after taking office​ Information is not available as this is the first year of the member mandate
Number of consecutive terms​ Information is not available as this is the first year of the member mandate

Meeting attendance after taking office​
Information is not available as this is the first year of the member mandate

Number of consecutive terms​
Information is not available as this is the first year of the member mandate

*Chairman of the Board of Directors since May 2019.
Strategy
Finance/Accounting
Corporate Governance
Communication
People

He is a full member of the Board of Directors (since May 2019) and a member of Vale's Personnel and Governance Committee (since May 2019).

Professional experience over the last five years

(i) Chief Executive Officer (from 2017 to 2018) and member of the Board of Directors (from 2017 to 2018) of BB Seguridade Participações S.A., a security company; (ii) Vice President of Financial Management and Investor Relations (from 2015 to 2017) and Finance Director (from 2012 to 2015) of Banco do Brasil S.A., a publicly traded company in the financial sector; (iii) Member of the Board of Directors of Cielo S.A. (from 2012 to 2017), a publicly-traded company in the financial sector; (iv) Member of the Board of Directors and Chairman of the Board of Directors of BB Mapfre SH1 Participações S.A., an insurance company (from 2017 to 2018); (v) Member of the Board of Directors of CNSeg - National Confederation of Social Insurance Companies, a company in the commercial banking sector (from 2017 to 2018); (vi) President of the Employees' Pension Fund of Banco do Brasil - Previ (since 2018), a company in the private pension sector, which holds an indirect interest in the Company through Litel Participações SA, which in turn is a signatory of the Vale Shareholder Agreement; (vii) Member of the Board of Directors of Ultrapar Participações S.A., a company in the distribution of fuels, chemicals, logistics for liquid bulk and pharmaceutical retail (since 2015); (viii) Member of the Board of Directors of IRB - Instituto de Resseguros do Brasil, a publicly-held reinsurance company (since 2017); (ix) Chairman of the Deliberative Board of Abrapp - Associação Brasileira das Entidades Fechadas de Previdência Complementar, a closed private pension fund company (since 2018).

Academic Background

He graduated in Accounting from UNIGRANRIO in 1990, completed an MBA in Finance and Capital Markets from FGV-RJ in 1999, and completed a Specialization in Governance from FGV-RJ in 2003

Murilo Cesar Lemos dos Santos Passos​

Meeting attendance after taking office​ Information is not available as this is the first year of the member mandate
Number of consecutive terms​ Information is not available as this is the first year of the member mandate

Meeting attendance after taking office​
Information is not available as this is the first year of the member mandate

Number of consecutive terms​
Information is not available as this is the first year of the member mandate

Finance/Accounting
Corporate Governance
Operations/Industrial
Logistics
Sustainability

Professional experience over the last five years

From 2010 to 2017, he was the Chairman of the Board of Directors of CPFL Energia and was a CCR Board Member in 2016 and Chairman of this Board in 2017. Appointment of all management positions he holds in other companies or third sector organizations: Chairman of the Board of Directors of Tegma Gestão e Logística SA, Member of the Board of Directors of Odontoprev SA, São Martinho SA, and from October / 18 member of the Board of Suzano Holding SA and IPLF Holding SA. He is also a member of the Management Committee of the Board of Directors of Suzano Papel e Celulose SA. In the third sector, he serves as a board member of the Ecofuturo-Futuro Institute for Sustainable Development and a board member of the National Quality Foundation.

Academic Background

He is graduated in Chemical Engineering from the Federal University of Rio de Janeiro (1971).

Fernando Jorge Buso Gomes​

Vice Chairman
Meeting attendance after taking office​ 94%
Number of consecutive terms​ 2

Meeting attendance after taking office​
94%

Number of consecutive terms​
2

Strategy
Finance/Accounting
Risk Management
Corporate Governance
People

He is Vice-Chairman of Vale's Board of Directors (since January 2017), Member of the Finance Committee (since April 2015) and Coordinator of Vale's Personnel and Governance Committee (since May 2019), where he also sat on the Board of Directors (from April 2015 to January 2017), Coordinator of the Governance and Sustainability Committee (from April 2015 to October 2017), member of the Executive Development Committee and of the Strategic Committee (from April to October 2017) and Coordinator of the Sustainability Committee (from November 2017 to April 2019).

Professional experience over the last five years

(i) Vice-Chairman of the Board of Directors of Valepar S.A. (from January to August 2017), a privately-held Holding Company that exercised control of Vale up to 8/14/2017, when it was merged into Vale, where he also held the position of (ii) Officer (from April 2015 to August 2017); (iii) Chief Executive Officer(since April 2015) e (iv) Investor Relations Officer of Bradespar S.A. (since April 2015), a publicly-held company, signatory of the Vale Shareholder Agreement; (v) Vice-Chairman of the Board of Directors of Bradespar (since April 2018); (vi) Officer of Banco Bradesco BBI S.A. (from December 2006 to April 2015), an investment bank; (vii) Vice-Chairman of the Board of Directors (from May 2011 to April 2014) and (viii) Full Member of the Board of Directors of Sete Brasil S.A. (from April 2014 to April 2015), an offshore company; (ix) Member of the Board of Directors of Smartia Corretora de Seguros S.A. (from September 2012 to July 2015), an insurance broker; (x) Chairman of the Board of Directors of SMR Grupo de Investimentos e Participações S.A. (from September 2014 to July 2015), holding company; (xi) Member of the Board of Directors of BCPAR S.A. (from May 2013 to April 2015), holding company; (xii) Member of the Board of Directors of 2b Capital S.A. (from November 2014 to December 2018), an investment management company, where he also held the position of (xiii)Chief Executive Officer (from March 2015 to June 2016) and (xiv) Officer (from June 2016 to December 2018); (xv) Member of the Board of Directors of BR Towers S.A. (from January 2013 to November 2014), a company involved in the construction and rental of telecommunication towers; (xvi) Member of the Board of Directors of LOG Commercial Properties S.A. (from 2013 to 2015), a publicly-held company in the construction industry; (xvii)Chief Executive Officer of Antares Holdings Ltda., Holding Company (from April 2015 to April 2017); (xviii)Chief Executive Officer of Brumado Holdings Ltda. (from April 2015 to April 2017); (xix) Officer of Millennium Security Holdings Corp., Holding Company (since October 2015); and (xx) Member of the Investment Committee of Fundo de Investimento em Participações Sondas (from May 2011 to April 2015).

Academic Background

He graduated as a Bachelor of Economics from Bennett Integrated Colleges in December 1978.

Marcel Juviniano Barros

Meeting attendance after taking office​ 94%
Number of consecutive terms​ 5

Meeting attendance after taking office​
94%

Number of consecutive terms​
5

Strategy
Sustainability
Logistics
People
International Experience

He has been a Full Member of the Board of Directors (since October 2012) and Member of Vale’s Sustainability Committee (since May 2019), where he also served as a Member of the Executive Development Committee (from February 2013 to October 2017) and Member of People's Committee of Vale (from November 2017 to April 2019).

Professional experience over the last five years

(i) Director of PREVI - Banco do Brasil Employee Pension Fund (since 2012), a private pension entity, which holds an indirect interest in the Company through Litel Participações S.A., which, in turn, is a signatory to the Vale Shareholder Agreement; and (ii) Effective Member of Valepar's Board of Directors (from August 2012 to August 2017), a privately-held holding corporation that exercised control of Vale until 08/14/2017, when it was merged into Vale.

Academic Background

He graduated in History from FESB - Municipal Foundation of Higher Education of Bragança Paulista in December 1995.

Roger Allan Downey​

Meeting attendance after taking office​ Information is not available as this is the first year of the member mandate
Number of consecutive terms​ Information is not available as this is the first year of the member mandate

Meeting attendance after taking office​
Information is not available as this is the first year of the member mandate

Number of consecutive terms​
Information is not available as this is the first year of the member mandate

Strategy
Finance/Accounting
Corporate Governance
Operations/Industrial
Logistics
International Experience

Professional experience over the last five years

Since October / 2018, he has been a shareholder and member of the Board of Directors of Fertimar S. A. (PrimaSea), holding the position of CEO since February / 2019. In May 2012, Roger returned to Vale (where he held the position of Strategic Marketing Manager between 2002 and 2005) as Executive Director, having been responsible for the Fertilizer, Coal and Strategy areas until June 2017. During this period , he held the presidency of Vale Fertilizantes SA.

Academic Background

He is graduated in Business Administration from Australian National Business School and a Master of Business Administration degree from the University of Western Australia.

Eduardo de Oliveira Rodrigues Filho

Meeting attendance after taking office​ Information is not available as this is the first year of the member mandate
Number of consecutive terms​ Information is not available as this is the first year of the member mandate

Meeting attendance after taking office​
Information is not available as this is the first year of the member mandate

Number of consecutive terms​
Information is not available as this is the first year of the member mandate

Strategy
Finance/Accounting
Corporate Governance
Logistics
International Experience

He is a Member of the Board of Directors (since May 2019) and Coordinator of Vale Compliance and Risk Committee (since May 2019), where he also served as a member of the Governance and Sustainability Committee (from April 2015 to October 2017), an Alternate Member of the Board of Directors of Vale S.A. (from April 2011 to April 2019), Member of the Finance Committee (from April 2011 to April 2019) and Member of the Sustainability Committee (from November 2017 to April 2019)

Professional experience over the last five years

(i) Full Member of the Board of Directors (from May 2014 to August 2017) and Alternate Member of the Board of Directors of Valepar S.A. (from April 2008 to January 2012), a private holding company that exercised control over Vale until 8/14/2017, when it was merged into Vale; and (ii) Managing Partner of CWH Consultoria em Gestão Empresarial (since March 2008), a consulting firm. Prior to that, his professional experience includes: (iii) Commercial Director of Rio Tinto Brasil (between April 1994 and March 2008), a mining company; and (iv) Commercial Manager at Minerações Brasileiras Reunidas S.A. - MBR (between 1985 and 1994), a mining company.

Academic Background

He graduated in Civil Engineering from the Pontifícia Universidade Católica do Rio de Janeiro (PUC-RJ) in December 1978 and holds a postgraduate degree in Transporting Planning from the University of Westminster, completed in October 2000

Oscar Augusto de Camargo Filho

Meeting attendance after taking office​ 75%
Number of consecutive terms​ 9

Meeting attendance after taking office​
75%

Number of consecutive terms​
9

Strategy
Corporate Governance
Operations/Industrial
People
International Experience

He is a Full Member of the Board of Directors (since September 2003) of Vale, where he has also held the positions of Member of the Strategic Committee (from March 2006 to October 2017), Member of the Executive Development Committee (from November 2003 to October 2017) and Coordinator of the People Committee (from November 2017 to April 2019).

Professional experience over the last five years

(i) Full Member of the Board of Directors of Valepar S.A. (from September 2003 to May 2014); private holding company which exercised control over Vale until August 14, 2017, when it was merged into Vale; and (ii) Managing Partner of CWH Consultoria em Gestão Empresarial (since October 2003), a consulting firm. Prior to that, he also held the positions of (iii) HR Secretary to the Board and Commercial Director at Perkins Motors (from 1963 to 1973), a foreign company producing diesel and gas engines; (iv) Commercial Director of the Minera Brasileiras-Reunidas S.A. - MBR and Icomi Ind. and Com. de Minérios (Caemi Group) (from 1973 to 1981), a private mining company; (v) President of Caemi International and Commercial and HR Vice President of the Caemi Group (from 1981 to 1988), a mining company; (vi) Member of the Quebec Cartier Mining Council in Montreal -Canada (from 1988 to 1992), a mining company based in Canada; (vii) Chief Executive Officer of Caemi Mineração e Siderurgia (holding company of the Caemi Group) (from 1988 to 1992 and from 1996 to 2002), a publicly-held company in the mining industry; and (viii) Member of the Board of MRS Logística S.A. (from 1996 to 2002), a publicly-traded company in the rail transport sector.

Academic Background

He graduated in Law from the Faculty of Law of the University of São Paulo in December 1963, and completed a post-graduate degree in International Marketing from the University of Cambridge in September 1971.

Toshiya Asahi

Meeting attendance after taking office​ 88%
Number of consecutive terms​ 1

Meeting attendance after taking office​
88%

Number of consecutive terms​
1

Strategy
Finance/Accounting
Operational/Industrial
Logistics
International Experience

He is a Full Member of the Board of Directors of Vale (since October 2017).

Professional experience over the last five years

(i) Vice President of Mitsui & Co. (Brazil) S.A. (since July 2015), a trading and investment company controlled by Mitsui & Co., Ltd., a signatory to Vale Shareholders' Agreement; (ii) General Manager of New Metals and Aluminum of Mitsui & Co., Ltd. (from April 2014 to July 2015), a publicly-held trading company, which is a signatory to Vale’s Agreement Shareholders, where he also served as an (iii) Executive Assistant (from April 2012 to April 2014).

Academic Background

He graduated in Metallurgical Engineering from Kyushu University in March 1990.

José Luciano Duarte Penido

Meeting attendance after taking office​ Information is not available as this is the first year of the member mandate
Number of consecutive terms​ Information is not available as this is the first year of the member mandate

Meeting attendance after taking office​
Information is not available as this is the first year of the member mandate

Number of consecutive terms​
Information is not available as this is the first year of the member mandate

*Full member of the Board of Directors since May 2019.
Strategy
Corporate Governance
Operational/Industrial
Sustainability
People

He is a Full Member of the Board of Directors (since May 2019), Coordinator of the Sustainability Committee (since May 2019) of Vale and member of the Compliance and Risk Committee (since May 2019).

Professional experience over the last five years

(i) Chairman of the Board of Directors of Fibria Celulose (between September 2009 and January 2019), a publicly-held company in the field of planted forests and pulp and paper production, controlled by Banco Nacional of Social Economic Development - BNDES; (ii) Independent member of the Board of Directors and Member of the Sustainability and Audit Committees of Banco Santander Brasil (since 2016), a publicly-held financial institution; (iii) Independent member of the Board of Directors and Member of the HR and Sustainability Committees of Copersucar S.A. (since 2013), a private company in the logistics and commercialization of sugar and ethanol; (iv) Independent member of the Board of Directors and of the Committee on Personnel and Organizational Development and the Sustainability and Social Responsibility Committee of Química Amparo Ypê (since 2013), a private company in the production and marketing of household cleaning products; (v) Independent member of the Board of Directors, the Human Talent Committee and the Audit and Risk Committee of Algar S.A. (since 2016), a publicly-held company in the telecommunications, farming, hotel and entertainment sectors; (vi) Chief Executive Officer of Samarco Mineração S.A. (between 1992 and 2003), a company in which Vale owns 50% of the share capital.

Academic Background

He graduated in Mining Engineering from the School of Engineering of the Federal University of Minas Gerais (December 1970).

Lucio Azevedo

Meeting attendance after taking office​ 81%
Number of consecutive terms​ 2
Is part of the staff Yes

Meeting attendance after taking office​
81%

Number of consecutive terms​
2

Faz parte do quadro de empregados
Yes

Communication
Operational/Industrial
Logistics
People

He is a Member of the Board of Directors of Vale (since April 2015) and Employee of Vale S.A. (since 1985), holding the position of train driver, assigned to the Union of Workers in Railway Companies of the States of Maranhão, Pará and Tocantins.

Professional experience over the last five years

Chairman of the Union of Workers in Railway Companies of the States of Maranhão, Pará and Tocantins (since 2013), class entity.

Academic Background

Mr. Lucio Azevedo has incomplete High School.

Isabella Saboya

Meeting attendance after taking office​ 94%
Number of consecutive terms​ 1
Independent member Yes
Female member Yes

Meeting attendance after taking office​
94%

Number of consecutive terms​
1

Independent member
Yes

Female member
Yes

Finance/Accounting
Risk Management
Corporate Governance

She is a Full Member of the Board of Directors of Vale (since October 2017).

Professional experience over the last five years

(i) Member of the Board of Directors of Wiz Soluções e Corretagem de Seguros S.A. (since April 2016), a publicly held Corporation in the insurance industry; (ii) Member of the Fiscal Council of Bradespar S.A. (from April to July 2016), a publicly-held company that is a signatory to Vale Shareholders' Agreement; (iii) Full Member of the Board of Directors of the Brazilian Institute of Corporate Governance - IBGC (from March 2016 to March 2019), non-profit institution; (iv) Member of the Fiscal Council of Mills S.A. (from April 2016 to April 2017), an engineering company; (v) Member of the Board of Directors of Br Malls S.A. (from May 2016 to March 2017), shopping center holding corporation; and (vi) Partner of Jardim Botânico Investimentos S.A. (from May 2009 to January 2015), fund management company.

Academic Background

She graduated in Economics from Pontifícia Universidade Católica do Rio de Janeiro (PUCRJ) in 1993.

Sandra Guerra

Meeting attendance after taking office​ 100%
Number of consecutive terms​ 1
Independent member Yes
Female member Yes

Meeting attendance after taking office​
100%

Number of consecutive terms​
1

Independent member
Yes

Female member
Yes

Strategy
Corporate Governance
Communication
Sustainability
People

She is a Full Independent Member of the Board of Directors (since October 2017) and a Member of Vale’s Personnel and Governance Committee (since May 2019), where she also held the position of Member of the Governance, Compliance and Risk Committee (from November 2017 to April 2019).

Professional experience over the last five years

(i) Founding Partner of Better Governance Consulting Services (since 2005), a consulting firm; (ii) Member of the Board of Directors (from April 2015 to April 2018) of Vix Logística S.A., a publicly-held company in the logistics sector; (iii) Member of the Board of Directors of the Global Reporting Initiative – GRI (since January 2017), an international entity in the sustainability sector; (iv) Member of the Board of Directors of Companhia Paranaense de Energia – Copel S.A. (from October 2016 to April 2017), a publicly-held company in the power business; (v) Chairman of the Board of Directors of the Brazilian Institute for Corporate Governance (IBGC), a non-profit institution (from March 2012 to March 2016).

Academic Background

She graduated in Social Communication - Journalism from Universidade Paulista in 1977 and holds a Master’s degree in Business Administration from University of São Paulo - USP, completed in 2009.

Patricia G. M. de A. Bentes

Meeting attendance after taking office​ Information is not available as this is the first year of the member mandate
Number of consecutive terms​ Information is not available as this is the first year of the member mandate
Independent member Yes
Female member Yes

Meeting attendance after taking office​
Information is not available as this is the first year of the member mandate

Number of consecutive terms​
Information is not available as this is the first year of the member mandate

Independent member
Yes

Female member
Yes

Strategy
Finance/Accounting
Risk Management
People
International Experience

She is a Full Member of the Board of Directors (since May 2019) and Member of the Sustainability Committee (since May 2019) of Vale.

Professional experience over the last five years

(i) Chairman of the Board of Directors of Cia Melhoramentos de São Paulo (since March 2019, and is expected to end her term of office in March 2021), a publicly-held company active in publishing, fiber, real estate and forests; (ii) Member of the Fiscal Council of Braskem S.A. (since March 2019), a petrochemical company; (iii) Partner at Estatice Serviços de Escritórios e Apoio Administrativo Ltda - EPP (since February 2011), a company in the management services business; (iv) Effective member of the Board of Directors of the CEMIG Group (from October 2016 to March 2019), a publicly-held company in the energy sector; (v) Alternate member of the Board of Directors of the Light S.A. Group (from May 2017 to April 2018), a publicly-held company in the energy sector; and (vi) Member of the Board of Directors of Renova S.A. (from January 2017 to April 2018), a publicly-held company.

Academic Background

She graduated in Business Administration from the Federal University of Rio de Janeiro (UFRJ) in December 1986 and holds a Master's degree in Finance and Marketing from USP, completed in December 1996.

Board of directors selection process​

The selection of Board members follows qualification criteria and technical experience, as well as legal and reputational aspects related to best corporate governance practices. This allows the company to benefit from a plurality of arguments and a quality and safe decision-making process.​

Board Assessment

In 2018, with the support of the People and Governance Committee, the Company hired a specialized external consultant with experience in the subject to develop the evaluation process of the Board of Directors and Advisory Committees, which was structured based on individual interviews. with the members of the Board of Executive Officers, Advisory Committees and the Board of Directors, to construct a diagnosis of the functioning of each body, the result of which is a comparative analysis of the composition and operation in relation to organizations with a high level of corporate governance. Brazil and abroad (peer group), as well as recommendations and initiatives for scheduled improvements.​​

Thus, Vale partially complies with the recommended practice, as the annual performance evaluation of the Board of Directors, its Committees and the Secretariat of Governance is made as collegiate bodies, with the support of external experts.​

The criteria used in the questionnaire and in-person evaluation interviews are:

  • Organization and processes;​
  • Structure of the Board of Directors and Advisory Committees;​
  • Communication;​
  • Roles and responsibilities;​
  • Contributions to strategy, governance, risk, compliance and finance;​
  • Dynamics of the Board of Directors.

Advisory Committees to the Board of Directors​

The Advisory Committees, have as their mission to advise the Board of Directors of Vale, including proposing improvements related to its area of operation, in order to give greater efficiency and quality to the decisions of this board and to ensure that the Company's activities are conducted in accordance with laws, ethics and internal controls.​

Get to know the members of the committees:​

Finance Commitee

  • TBD
  • Gilmar Wanderley
  • Fernando Busco
  • Adriano Seabra
  • Hugo Stoffel
Internal Rules

Sustainability Commitee

  • José Penido (Coord.)
  • Johan Ribeiro
  • Marcel Barros
  • Patricia Bentes
  • Carlos Alberto de Oliveira Roxo
Internal Rules

Personnel and Governance Committee​

  • Fernando Busco (Coord.)
  • José Mauricio
  • Sandra Guerra
  • Arthur Prado
  • Ana Silvia Matte
Internal Rules

Compliance and Risk Committee

  • Eduardo Rodrigues (Coord.)
  • TBD
  • Hugo Stoffel
  • José Luciano Penido
Internal Rules

Fiscal Council

The Fiscal Council is an independent supervisor body of the Board of Executive Officers and the Board of Directors, which seeks, through the principles of transparency, equity and accountability, to contribute to the best performance of the organization.

The Company clarifies that, while the Audit Committee is not established, its permanent Fiscal Council performs, among its duties, those established in its By-laws, as well as having a financial specialist in its composition. In addition to the above, the Fiscal Council serves and performs the duties of an Audit Committee for purposes of Rule 10A-3 of the Securities and Exchange Commission ("SEC"). The implementation of an Audit Committee that also meets such requirements of the SEC is under study by the Company.

Get to know the Fiscal Council members:

Members

  • Marcelo Amaral Moraes
  • Eduardo Cesar Pasa
  • Marcus Vinicius Dias Severini
  • Raphael Manhães Martins
  • Marcos Prado Toyjo

Alternates

  • TBD
  • Nelson de Menezes Filho
  • TBD
  • Gaspar Carreira Júnior
  • Rodrigo Toledo Cabral Costa

Board of Executive Officers

The executive directors are the company’s legal representatives and are responsible for day-to-day operations and the implementation of the general policies and guidelines set forth by the Board of Directors. Vale by-laws provide for a minimum of six and a maximum of nine executive directors.

The Board of Directors appoints executive directors for two-year terms and may remove them at any time. According to Brazilian Corporate Law, executive directors must be resident in Brazil. The executive directors hold regular scheduled meetings on a bi-weekly basis and hold additional meetings when called for by any executive director.

The Board of Executive Officers, for its advice, has, on a permanent basis, six non-statistical, technical and advisory committees, called:

Ethics Committee
Business Risk Operational Committee - Operational
Business Risk Executive Committee - Geotechnics
Business Risk Executive Committee - Strategic, Financial and Cybernetics
Executive Committee - Compliance
Information Disclosure Committee

​Meet the statutory members of Vale's Board​ of Executive Officers

Eduardo Bartolomeo

Chief Executive Officer​

Eduardo Bartolomeo has been Vale's CEO since April 2019. With solid experience in bulk commodity operations, supply chain and business turnaround. Throughout his professional career, Bartolomeo has shown great ability to lead complex operations and establish a culture of operational excellence.

In his second tenure at Vale, Bartolomeo started as the Executive Director of Basic Metals in Canada from January 2018. His first tenure took place between 2004 and 2012, when his work for the Executive Department of Logistics Operations was well celebrated. There, he developed the Vale Production System (VPS), which together with investment in technology and professional qualification, resulted in significant gains for the company.

Bartolomeo also structured logistics to support Vale's operations in Africa and was one of the main negotiators that enabled Vale to obtain the sub-concession of the 720 km rail branch of the North-South railroad (FNS, Ferrovia Norte-Sul). His role in the negotiations was essential to create Valor da Logística Integrada (VLI), a general cargo transportation company, structured by Bartolomeo in December 2010. Today, VLI has 7.5 thousand employees and in 2017 achieved a turnover of R$4.5 billion.

Download Full Profile

Alexandre Pereira

Executive director, Global Business Support​

Alexandre Pereira is the Executive VP of Global Business Support at Vale since August 2017. He is responsible for Information Technology, Procurement, Capital Projects, Energy, Operational Excellence, Security and Corporate Services in all lines of business where Vale operates.

With a passion for strategic thinking and transformations, Alexandre is a global and business- focused executive recognized for his dynamic and charismatic leadership, with strong capacity to engage multicultural teams. Entrepreneurship, pure challenge and general management are his career anchors, which contribute to his focus on innovation and his ability to deliver sustainable results under competitive and challenging circumstances.

Throughout his 26 years of professional experience, Alexandre has held a range of global executive positions and gained diverse knowledge bringing together regions into a global company and working with international initiatives, turnaround management, and large-scale projects.

Alexandre holds a degree in Mathematics and Computer Science from State University of Rio de Janeiro. He completed two postgraduate degrees in Business Management from Dom Cabral Foundation and Computer Networks from the Federal University of Espírito Santo. He also holds an MBA in Business from the University of São Paulo. He holds triple citizenship in Brazil, Canada and Portugal (EU).

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Carlos Medeiros

Executive Director for Safety and Operational Excellence​

Carlos Medeiros is a senior executive with an outstanding international track record and proven capacity to manage large transformational projects. In June 2019, he was appointed to lead Vale’s Safety and Operational Excellence Executive Department, an area specially created to improve the company’s Safety and Risk Management, in line with its strategic pillars of safety, operational excellence and a reformulated pact with society.

Medeiros uses his in-depth knowledge of the lean manufacturing methodology – whose main aims are to optimize processes, continuously improve productivity and quality, and thereby boost competitiveness – to guarantee the safety and efficiency of the company’s operations. He was chosen in line with Vale’s commitment to follow world-class operational standards.

Download Full Profile

Luciano Siani Pires

Executive director, Finance and Investor Relations​

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 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.

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Luiz Eduardo Osorio

Executive Director of Sustainability, Communication and Institutional Relations​

Luiz Eduardo Osorio has extensive experience in the areas of International Relations, Corporate Affairs, Sustainability, Law, Ethics & Compliance, liaising with ministries, regulatory agencies and government representation in their various spheres. He has held management positions in Brazil and abroad in large national and multinational companies, such as AmBev, Diageo, Shell and Raízen. He is currently a member of the Advisory Council of the Columbia Center on Sustainable Investment, Columbia University, and the director of the Rio de Janeiro Commercial Association (ACRJ). He is also the chairman of the Managing Council of the Brazilian Mining Institute (IBRAM).

Osorio has a law degree from PUC-RJ and a Master's degree in Management Development from the American University (USA). He has also taken professional extension courses in Business Management, which included Corporate Social Responsibility, Strategy, Leadership, and Performance at Harvard, Insead, and Wharton universities.

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Marcello Spinelli

Executive Director for Ferrous Minerals​

Marcello Spinelli has been Vale's Executive Director for Ferrous since May 2019. He has built solid experience in integrated logistics operations throughout the nearly 10 years he has been at the forefront of the Value of Integrated Logistics (VLI) of intermodal transport in Brazil. At VLI, it conducted a cycle of robust investments in operating efficiency and company growth.

He had held senior leadership positions in Vale from 2002 to 2010 in the general cargo commercial area and in the Tubarão Complex operations. He was the CEO of the Vila Velha Terminal and accumulated the position of Vale's Logistics Director with the president of the Centro-Atlântica Railroad. He led the creation of VLI in 2008. Previously, he worked at Submarino and Ambev.

Marcello has a production engineering degree from USP and has different extension courses in business, operations, management and infrastructure.

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​Vale's Executive Board also has non-statutory members.​

Alexandre S. D’Ambrosio

General Counsel​

Alexandre S. D’Ambrosio has been Vale S.A.’s General Counsel since March 2018. His responsibilities include the company’s Legal, Tax, Corporate and Compliance Office sectors worldwide. He is also an Officer of Vale International S.A. and a member of the Board of Directors of Vale New Caledonia. He is a former alternate member of the Curator Council of Fundação Renova.

From 2016 to 2018, he was the Executive Vice President of Banco Santander (Brasil) S.A. He was also a member of the board of directors of Santander Security Services Ltda (“S3”). From 2003 to 2016, he was the Corporate Legal Director of the Votorantim group. He was a board member of Aracruz Celulose S.A. (later Fibria S.A.) from 2004 to 2013, of Cimentos Itambé S.A. from 2006 to 2016, and of Citrosuco S.A. from 2009 to 2016.

In the United States, where he remained from 1985 to 1996, he worked as an associate and partner in large law firms, in Washington, D.C. and New York, in the areas of international trade, mergers and acquisitions, project finance and cross-border finance. He obtained an LLB from the University of São Paulo Law School in 1984, an LLM from Harvard Law School in 1986, and the equivalent of a Juris Doctor degree from George Washington University’s National Law Center in 1989.

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Juarez Saliba de Avelar

Director of Coal, Strategy and Mineral Exploration

Juarez Saliba de Avelar was appointed as Vale’s director of Coal, Strategy and Mineral Exploration in July 2019, on top of his existing role as director of Strategy, Exploration, New Business and Technology, to which he was appointed in July 2017.

Between 2014 and 2017, he worked as a consultant for various companies in Brazil and other countries, including ZAMIN, AURA Minerals and MSPPar. As an executive director of Companhia Siderúrgica Nacional (CSN) from 2011 to 2013, he was responsible for the Mergers and Acquisitions and New Business Development areas. He was the president of Steel do Brasil in 2010 and 2011. As the executive director of CSN’s Mining and Logistics Division from 2003 to 2010, he coordinated the development and operation of a project to expand the company’s iron ore production capacity.

From 2001 to 2002, he was the president of FERTECO, which was later acquired by Vale. Between 1984 and 2001, he worked at Vale. He participated in the implementation of the Carajás Project and the company’s preparation for privatization. After privatization, he was the director responsible for Vale’s North System, and then also the director of its South System.

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Marina Quental

Director​ of People

Marina Quental was appointed Vale’s People Director in November 2017. She is responsible for the global human resources strategy and operations for the company and leads the Board’s People Committee. One of her main challenges is to drive culture and organization transformation for Vale.

She built a solid professional career at Brazilian and foreign companies, working in the areas of organizational development, culture, compensation, social responsibility, and merger's and acquisitions.

Before joining Vale, Ms. Quental was the Vice President for Human Resources at Raízen, a joint venture between Shell and Cosan, from April 2014 to November 2017. She participated actively in the creation of this joint venture. Previously, she was the Human Resource director of Shell Brasil for six years and before that held various leadership positions at IBM in Brazil and the United States. Ms. Quental was president of the Raízen Foudantion, the company’s social responsibility branch, between April 2014 and November 2017.

She has an undergraduate degree in psychology from Rio de Janeiro Catholic University and an Executive MBA from the Dom Cabral Foundation.

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