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Sep 1, 2001

CVRD Appoints CEORoger Agnelli has been named chief executive offer of Rio de Janeiro-based Companhia Vale do Rio Doce (CVRD), the world's largest producer of iron ore. Agnelli, previously CVRD's chairman, had been the driving force behind the company as it sold non-mining assets and unwound a series of complex cross-shareholdings. He replaces Jório Dauster as part of the company's restructuring. Agnelli spent most of his career at Banco Bradesco, Brazil's biggest private-sector bank, which accumulated a large portfolio of industrial holdings over the years. The bank spun these assets into Bradespar, a holding company, and put Agnelli in charge. CVRD's vice chairman, Luiz Tarquíno Sardinha Ferro, the president of Brazil's Previ pension fund, which is one of CVRD's biggest shareholders, takes over as the company's chairman. Petrobras Makes Executive Changes Petrobras, the Brazilian oil company, has named João Pinheiro Nogueira Batista as the company's new chief financial officer....

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