Vale Appoints Gustavo Pimenta as CEO
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Gustavo Pimenta
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Vale has appointed Gustavo Pimenta as the company’s next CEO. Pimenta’s positing will become effective February 28, 2025.
“We are very happy and confident with the selection of Gustavo Pimenta to lead Vale. He gathers the necessary skills so that we can aspire a new virtuous cycle for the company, guided by our purpose, and with great potential for value creation for all our stakeholders. The succession process proved the high level of integrity, transparency and robustness of Vale’s governance,” said Chairman of Vale’s Board of Directors, Daniel Stieler.
“I thank the board for the trust deposited on me to lead Vale in this new cycle. Let’s go together on this journey, intensifying the dialogue with all our stakeholders and prioritizing the safety of people, our operations, and the environment. I am sure that we will continue to advance in our mission, focusing on creating and sharing value, taking Vale to even higher levels,” said Gustavo Pimenta.
“I am very optimistic about the choice of Gustavo Pimenta to lead Vale. He is a professional with well-regarded competence and commitment to the Vale of the Future, a company that becomes safer and more reliable every day. With Gustavo Pimenta, I believe that Vale will continue firmly on its journey towards leadership in sustainable mining and creating value for all stakeholders,” said Vale’s Current CEO, Eduardo Bartolomeo.
“We thank Eduardo Bartolomeo once again for his commitment and dedication in recent years and we count on his support in the transition process,” said Stieler.
Gustavo Pimenta is an executive with global experience in the financial, energy, and mining sectors, and with a career developed over 20 years in Brazil, the United States, and Europe. In 2021, he assumed the position of executive vice-president of Finance and Investor Relations at Vale S.A. He was also responsible for the Procurement and Energy & Decarbonization areas. Before joining Vale, Pimenta was an executive at AES for 12 years, accumulating extensive experience as Global CFO, director of Planning and Strategy, and vice president of Performance and Services at the company. He also served as vice president of Strategy and M&A at Citigroup in New York. He has a degree in Economics from the Federal University of Minas Gerais and a master’s degree in finance and economics from Fundação Getúlio Vargas.
Vale is a global mining company that exists to improve lives and transform the future together. One of the world’s largest producers of iron ore and nickel and a major copper producer, Vale is headquartered in Brazil and operates around the world. Its operations comprise integrated logistics systems, including approximately 2,000 kilometers of railways, marine terminals and ten ports distributed around the globe. Vale has the ambition to be recognized by society as a benchmark in safety, the best-in-class reliable operator, a talent-driven organization, a leader in sustainable mining, and a benchmark in creating and sharing value.
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