Vale to Replace CFO in Management Reshuffle

Vale to Replace CFO in Management Reshuffle

People Corporate & Sovereign Strategy Brazil

Months after its CEO was forced out, Brazil's Vale is proposing additional high-level management changes, including the replacement of its CFO. Tito Martins, executive director of base metals, is to replace CFO Guilherme Cavalcante, who has been in this position since last year, and joined Vale in 2005. Eduardo Bartolomeo is to head the fertilizers unit – now being reorganized so it may delist and re-IPO as soon as next year – replacing Mario Barbosa. Also, Jose Carlos Martins will lead iron min

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