to announce a new chief executive prioritized the need to avoid further market speculation over other potential candidates, the company’s chairman toldOn Monday, Vale announced that current finance chief Gustavo Pimenta would take the reins of the company and become its next CEO, wrapping up a messy succession process months ahead of the company’s own deadline.
Earlier this year, Vale disclosed a leadership succession schedule calling for three finalists for the top job to be approved by its board by late September, and then a final pick unveiled by early December in time for a key investor event.
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