SAO PAULO, March 8 (Reuters) - Brazilian miner Vale says
it will retain Eduardo Bartolomeo as CEO through 2024, a source
familiar with the matter said on Friday.
Bartolomeo, whose term was due to end May 26, first assumed
the role as Vale's CEO on an interim basis in 2019, leaving his
position as the company's base metals director in Canada after
the departure of then CEO Fabio Schvartsman, who headed the
company when the Brumadinho dam disaster occurred.
He was later appointed to the post after taking part in
a process with other company executives.
The move to retain Bartolomeo comes amid government
criticism of Vale's management which had signaled that it would
seek to influence the choice of a new CEO.
In January, Brazilian President Luiz Inacio Lula da
Silva tried to pressure the firm into making his former Finance
Minister Guido Mantega its CEO.
Although Vale was privatized over 25 years ago, the
government has continued to exert pressure at times through
public-sector pension funds with influence on the miner's board
of directors.
After the Brumadinho disaster in January 2019, where one
of Vale's dams collapsed and left 270 dead and ravaged nearby
forests, rivers and communities, Bartolomeo led the
implementation of processes to improve safety at the company's
facilities, such as a plan for decommissioning dams at higher
risk.