Vale announce new CEO

Iron ore giant Vale have announced Murilo Ferreira will take over as its new CEO.

Ferreira will step into the position on 22 May, taking over from Roger Agnelli who was ousted by the Brazilian Government.

“Murilo Ferreira was indicated by the controlling shareholders from a list of three prepared by an international executive search firm,” Vale said in a statement.

“The shareholders … reiterate their recognition of Roger Agnelli for his success in the leadership of Vale in these years.”

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