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Vale says CEO Murilo Ferreira will not stay after May

Murilo FerreiraVale, a mining and logistic company, announced that Murilo Ferreira will not renew his contract after the expiration of his term as CEO on May, 26, 2017.

Mr. Ferreira has over 30 years' experience in mining and was appointed as president (CEO) in May 2011.

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He joined the Board in 2005, heading the Shareholdings and New Business Department.

Mr. Ferreira began his professional career at Vale in 1977 as a financial and economic analyst.

He subsequently took on important roles such as CEO of Vale Inco, currently part of Vale operations in Canada.

Graduate in business administration at Fundação Getúlio Vargas, São Paulo, Mr. Ferreira obtained post-graduation in administration and finance at the Rio de Janeiro branch of the same institution, and executive specialization (Senior Executive) at IMD Business School in Lausanne, Switzerland.

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