financetom
Business
financetom
/
Business
/
Brazilian miner Vale swaps head of iron ore business
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazilian miner Vale swaps head of iron ore business
Oct 10, 2024 9:44 PM

RIO DE JANEIRO, Oct 8 (Reuters) - Brazilian miner Vale

on Tuesday swapped out its head of iron ore

solutions, the first major change in leadership since CEO

Gustavo Pimenta started in his role earlier this month.

Vale's current director of product and business

development, Rogerio Nogueira, will take over the role on an

interim basis starting Wednesday through the end of the year,

the miner said in a securities filing.

He'll replace Marcelo Spinelli, Vale said, without

providing a reason for Spinelli's departure.

A source familiar with the matter said Spinelli's exit,

not just from the post but from the company, was decided by

Pimenta himself.

Pimenta believes Vale - one of the world's largest iron

ore producers - needs to shake up its commercial division in

order to build stronger relationships with clients, the source

added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Eagle Materials' Fiscal Q1 Earnings Decline, Revenue Increases
Eagle Materials' Fiscal Q1 Earnings Decline, Revenue Increases
Jul 29, 2025
06:42 AM EDT, 07/29/2025 (MT Newswires) -- Eagle Materials ( EXP ) reported fiscal Q1 earnings Tuesday of $3.76 per diluted share, down from $3.94 a year earlier. Analysts polled by FactSet expected $3.61. Revenue for the quarter ended June 30 was $634.7 million, compared with $608.7 million a year earlier. Analysts polled by FactSet expected $608.8 million. ...
Microsoft's AI edge under scrutiny as OpenAI turns to rivals for cloud services
Microsoft's AI edge under scrutiny as OpenAI turns to rivals for cloud services
Jul 29, 2025
By Aditya Soni (Reuters) -Microsoft investors head into Wednesday's earnings with one big question: is the company's artificial intelligence edge at risk as partner OpenAI turns to rivals Google, Oracle and CoreWeave for cloud services? Exclusive licensing deals and access to OpenAI's cutting-edge models have made Microsoft one of the biggest winners of the generative AI boom, fueling growth in...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Graphic Packaging Q2 beat estimates on better-than-expected volumes
Graphic Packaging Q2 beat estimates on better-than-expected volumes
Jul 29, 2025
Overview * Graphic Packaging Q2 2025 sales beat analyst expectations, per LSEG data * Adjusted EPS for Q2 beats consensus, reflecting better-than-expected volumes * Co repurchased $111 mln in shares, reducing outstanding shares by 1.6% Outlook * Graphic Packaging ( GPK ) expects 2025 net sales of $8.4 bln to $8.6 bln * Company anticipates adjusted EBITDA of $1.45 bln...
Copyright 2023-2026 - www.financetom.com All Rights Reserved