Vale board members in a ‘state of war’ over CEO succession — report
Last week, consulting firm Russell Reynolds delivered a list of 15 potential successors for Eduardo Bartolomeo.
SAO PAULO – Brazilian mining company Vale SA said on Friday it has formally removed some executives from their positions after a request by Brazilian prosecutors investigating a dam burst that killed hundreds of people.
Vale did not identify the executives or say what relation they had with the operation in Brumadinho, where the Jan. 25 disaster occurred. It said they would be relocated inside the company.
On March 2, Vale pushed out its chief executive officer and other senior executives as a result of the prosecutors’ request.
(Reporting by Marcelo Teixeira and Roberto Samora Editing by Paul Simao)