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 and Coal
    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 and General Counsel
    Clovis Torres

    Clovis Torres is one of Vale S.A.’s executive officers and its general counsel, with responsibility for its Legal, Tax, Compliance, Security and Infrastructure departments.

    He is also currently the chairman of the Brazilian Mining Institute (IBRAM). He has extensive experience in the areas of law, mining, management, leadership, finance and M&A, and he has done various courses at Harvard, MIT, IMD and INSEAD.

    He previously served as Vale’s corporate legal director, senior attorney at the International Finance Corporation, executive vice president of Bahia Mineração Ltda., a member of Petrobras’ board of directors, and chairman of Petrobras Distribuidora S.A.

    He has an undergraduate degree in law from Salvador Catholic University, a master’s in international law, trade and finance from Tulane University, New Orleans, and an executive MBA from 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.

  • Luiz Eduardo Osorio

    Executive director, Sustainability and Institutional Relations
    Luiz Eduardo Osorio

    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, Raízen and lastly at CPFL Energia as Legal Vice President of Institutional Relations and a member of the Board of Directors of CPFL Renewables and he continues as a member of the Board of Directors of the CPFL Institute.

    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.

  • Alexandre Pereira

    Executive director, Business Support
    Alexandre Pereira

    Alexandre Pereira was appointed as Executive Officer of Business Support on August 2017. This position encompasses the following areas: Information Technology, Procurement, Energy, Operational Improvement and Capital Projects.

    Alexandre has held the position of Global Director of Information Technology (IT) at Vale since 2011 and was responsible for IT in all lines of business in which Vale operates. He started his career as a trainee in Brazil in 1992, he has worked as IT Director for Vale’s Base Metals business and Global Director of IT Services.