Vale generates profits even given the decline in iron ore prices, owing to its low-cost production.
Vale’s Board of Directors has appointed Fabio Schvartsman as the company’s next CEO. Schvartsman comes to Vale with a background in Brazilian industrial companies, serving as CEO of paper producer Klabin since 2011. He has also held the roles of CEO of communication services company Telemar Participacoes, CFO of fuel distributor Ultrapar Holdings and managing partner of Ultra S.A., CEO of oil driller San Antonio International, and had various leadership roles at building and furniture company Du...
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