09:17 AM EDT, 08/27/2024 (MT Newswires) -- Vale (VALE) said Monday its board approved the appointment of Gustavo Pimenta as its next chief executive to succeed Eduardo Bartolomeo.

Pimenta will take over on Jan. 1, 2025, a day after Bartolomeo's contract ends. In the meantime, Pimenta will continue with his current role as executive vice president of finance and investor relations, the company said.

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