September 1, 2013
By Katie Llanos-Small As chief executive of Vale, Roger Agnelli oversaw the extraordinary transformation of a Brazilian company into a global one.
During his 10 years at the helm – he left the company in 2011 – Agnelli turned Vale into one of the world’s biggest mining firms. In so doing, he helped change the face of Brazilian industry.
In 2001, his first year with Companhia Vale do Rio Doce, as it was then known, the company posted Ebitda of 5.1 billion reais. A decade later, adjusted Ebitda was $33.8 billion (81 billion reais).
The impact of Chinese demand for raw materials on Latin America’s commodities exporters was an important part of this success, he tells LatinFinance.
Urbanization and a growing middle class will buoy demand for raw materials, says former Vale CEO Roger Agnelli