Vales controlling shareholders named
Murilo Ferreira to replace Roger
Agnelli as CEO when Agnellis term expires in
May. Valepar, the controlling shareholder of the Brazilian
miner, had indicated it would seek a new CEO following months
of speculation as the government holder of direct and
indirect stakes repeatedly criticized Agnelli.
Braskem named Luiz de
Mendonça CEO of Braskem America. He replaces
Carlos Fadigas, who was CEO of the Brazilian
petrochemical producers US unit until he was named CEO of
Braskem in December. Mendonça had been CEO of
petrochemical company Quattor since its 2010 acquisition by
Braskem, and prior to that had been vice president of
Braskems polymers unit and basic petrochemicals unit. In
addition to his role as Braskem America CEO, Mendonça
will oversee Braskems international expansion projects,
including those already in place in Mexico, Venezuela and Peru,
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