Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The board of Brazilian miner Vale has approved Marcelo Bacci as the company’s new chief financial officer, according to a securities filing released on Friday, which added that the executive will start his new role on December 2.
Bacci, who served as finance chief for pulp maker Suzano, will replace Murilo Muller, who is temporarily serving in the job.
Following Bacci’s resignation, Suzano’s new chief financial officer will be Marcos Moreno Chagas, the company announced in a separate filing also on Friday.
(By Andre Romani)
Comments