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Vale appoints new chairman and CEO in one week

Over the course of a week, Vale has announced both a new chief executive and a new chairman. The changes come in a year in which a collapse in one of the company's mines led to several closures and large production losses for the Brazilian company.

Photo: /ritzau/Andre Penner

First, Vale's chief executive resigned, and on Monday, the world's largest iron ore producer announced that its chairman of the board of directors has been replaced.

As of today, José Maurício Pereira will thus take over for the company's now former Chairman of the Board, Gueitiro Matsuo Genso.

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