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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

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Summary

Name Age Since Current Position

Gueitiro Matsuo Genso

45 2016 Chairman of the Board

Fabio Schvartsman

63 2017 Chief Executive Officer

Fernando Jorge Buso Gomes

61 2016 Vice Chairman of the Board

Luciano Siani Pires

46 2016 Chief Financial Officer

Clovis Torres

General Counsel, Member of the Executive Board

Jennifer Maki

47 2015 Executive Director of Base Metals, CEO of Vale in Canada

Luiz Eduardo Osorio

Executive Director of Sustainability and Institutional Relations

Alexandre Pereira

2017 Executive Director of Business Support

Gerd Poppinga

58 2014 Executive Officer for Ferrous Minerals, Member of the Executive Board

Toshiya Asahi

Director

Lucio Azevedo

58 2015 Director

Dan Antonio Marinho Conrado

53 2016 Director

Oscar Augusto de Camargo

79 2003 Director

Eduardo de Salles Bartolomeo

53 2016 Director

Sandra Guerra

Director

Marcel Juviniano Barros

55 2012 Director

Denise Pauli Pavarina

54 2017 Director

Eduardo Refinetti Guardia

2016 Director

Izabela Saboya

Director

Andre Figueiredo

Head of Investor Relations

Biographies

Name Description

Gueitiro Matsuo Genso

Mr. Gueitiro Matsuo Genso serves as the Chairman of the Board of Vale S.A. since February 24, 2016. Prior to this, he was Member of the Board of Directors of the company. He is Member of the Board of Directors of the Brazilian Interbank Payment Chamber since August 2014; Member of the Audit Council of insurance group BB Mapfre since June 2011; Executive Director (Private Clients) of Banco do Brasil from 2014 to 2015; Executive Director (Home Loans) of Banco do Brasil from 2011 to 2014; Executive Director (Loans) of Banco do Brasil from 2010 to 2011; Executive Director (Products) of Banco Nossa Caixa S.A. from 2009 to 2010. He holds an undergraduate degree in Business Administration from Sociedade Paranaense de Ensino e Informatica (Spei), Curitiba; MBA from Fundacao Getulio Vargas (FGV); MBA in Agribusiness from Escola Superior de Agricultura Luiz de Queiroz - ESALQ.

Fabio Schvartsman

Mr. Fabio Schvartsman has been Chief Executive Officer at Vale SA since April 2017. He has over 40 years of experience running operations at various groups. As Klabin’s managing director from February 2011 to April 2017, he established a new management cycle focused on results and high performance. During this period, the company doubled its production capacity, entered new markets, tripled its market capitalization, and posted improving financial results for 23 consecutive quarters. As well as being responsible for finalizing the company’s professionalization process, Mr. Schvartsman led the execution of the Puma Project, the largest project in Klabin’s history. From February 1976 to April 1985, he worked at Duratex, as head of its Economic Studies Sector, head of its Development Division, and head of its Planning Department. For 22 years, between May 1985 and April 2007, he held various positions at Ultra Group companies and took part in various negotiations. From April 2007 to February 2008, he led Telemar Participacoes S.A. and from April 2008 to April 2010, he was the CEO of SanAntonio Internacional. Furthermore, he was responsible for Ultrapar’s stock exchange flotation, and he worked as the company’s planning superintendent, planning director, planning and control director, investor relations director, and CFO / financial director-superintendent. While a partner and director of Ultra S.A., Ultrapar’s parent company, he was in charge of the process of acquiring the Ipiranga gas station chain. He also led Ultraprev. Mr. Schvartsman has also served on the boards of many companies, including Telemar Norte Leste S.A., Contax Participacoes S.A., Ultra S.A., San Antonio Internacional, Duratex S.A., Companhia Brasileira de Distribuicoo Pao de Acucar, Gafisa S.A., and Hospital Israelita Albert Einstein. he has an undergraduate degree in Production Engineering from Escola Politecnica da Universidade de Sao Paulo and Masters of Business Administration degree from Fundacao Getulio Vargas.

Fernando Jorge Buso Gomes

Mr. Fernando Jorge Buso Gomes serves as Vice Chairman of the Board of Vale S.A. He is Director of the company since April 15, 2015. He is currently a full member of the Board of Directors of the following companies: Brennand Cimentos S.A.; Smartia Corretora de Seguros S.A.; smr Grupo de Investimentos e Participacoes S.A.; Log Commercial Properties S.A.; Sete Brasil S.A.; and 2b Capital S.A. Also a director of the Bradesco Group’s Private Equity area. He joined Chase Manhattan Bank in 1978, where he led areas including Corporate Finance, Merchant Banking and International Capital Markets. Director of Investment Banking and Capital Markets at BBVA Brazil from 1999 to July 2003 and Corporate Director at Bradesco Bank between 2003 and 2006. He was the former member of the Board of Directors of BR Towers S.A. and CPFL Energias Renovaveis S.A. He holds a degree in Economics from Centro Universitario Metodista Bennett, and a variety of specialist and development courses, including the Chase Manhattan Credit Training Program.

Luciano Siani Pires

Mr. Luciano Siani Pires has served as Chief Financial Officer at Vale S.A. since August 1, 2012. From 2008 to July 2012, he held the positions of global director of Strategic Planning and global director of Human Resources and Governance at the Company. He has professional experience in the areas of finance, capital markets and strategic planning. In 2007 and 2008, he was chief of Staff and executive secretary to the president at Brazil's National Development Bank (BNDES), where he previously worked from 2005 and 2006 as chief of the Holding Management Department (Capital Markets), and head of the Export Finance Department in 2001 and 2002. Also at BNDES, between 1992 and 1999 he held positions in the areas of financial planning, investor relations and capital markets. For two years, from 2003 to 2005, he worked as a consultant for McKinsey & Company, focusing on the basic materials sector. He has served on the boards of Tele Norte Leste (Telemar), Suzano Bahia Sul Papel e Celulose, and Vale/Valepar. He has also taught for MBA programs at COPPEAD at the Federal University of Rio de Janeiro (UFRJ). He graduated in Mechanical Engineering from Pontificia Universidad Catolica do Rio de Janeiro and an MBA, with a Finance specialization, from the Stern School of Business, New York University.

Clovis Torres

Mr. Clovis Torres serves as General Counsel, Member of the Executive Board at Vale SA. He is responsible for Legal, Tax, Compliance, Security and Infrastructure Departments at the Company. He is also currently the chairman of the Brazilian Mining Institute (IBRAM). He has experience in the areas of law, mining, management, leadership, finance and M&A, and he has done various courses at Harvard, MIT, IMD and INSEAD. He previously served as Vale’s corporate legal director, senior attorney at the International Finance Corporation, Executive Vice President of Bahia Mineracao Ltda., a member of Petrobras’ Board of Directors, and Chairman of Petrobras Distribuidora SA. He holds an undergraduate degree in Law from Salvador Catholic University, a Masters in International Law, Trade and Finance from Tulane University, New Orleans, and an executive MBA from Fundacao Getulio Vargas.

Jennifer Maki

Ms. Jennifer Anne Maki serves as Executive Director of Base Metals, CEO of Vale in Canada at Vale SA. She is also President commissioner of PTVI; Member of the board of directors of Vale New Caledonia and Vale’s Global Pension Committee; Chairwoman and member of the Canadian pension committee since 2009 and 2007, respectively. She served as Chief financial officer of Vale Canada from 2007 to 2013, prior to which she held positions in the base metals treasury and controllership areas. From 1993 to 2003, she worked at PricewaterhouseCoopers LLP in roles of increasing responsibility. She holds a degree in Business from Queen's University; Masters degree in Accounting from the Institute of Chartered Accountants of Ontario.

Luiz Eduardo Osorio

Mr. Luiz Eduardo Osorio serves as Executive Director of Sustainability and Institutional Relations at Vale SA. He has experience in the areas of International Relations, Corporate Affairs, Sustainability, Law, Ethics & Compliance, liaising with ministries, regulatory agencies and government representation in their various spheres. He has held management positions in Brazil and abroad in large national and multinational companies, such as AmBev, Diageo, Shell, Raízen and lastly at CPFL Energia as Legal Vice President of Institutional Relations and a member of the Board of Directors of CPFL Renewables and he continues as a member of the Board of Directors of the CPFL Institute. He holds a Law degree from PUC-RJ and a Masters degree in Management Development from the American University (USA). He has also taken professional extension courses in Business Management, which included Corporate Social Responsibility, Strategy, Leadership, and Performance at Harvard, INSEAD, and Wharton universities.

Alexandre Pereira

Mr. Alexandre Pereira has been Executive Director of Business Support at Vale SA since August 2017. This position encompasses the following areas: Information Technology, Procurement, Energy, Operational Improvement and Capital Projects. He started his career as a trainee in Brazil in 1992, he has worked as IT Director for Vale’s Base Metals business and Global Director of IT Services. He has held the position of Global Director of Information Technology (IT) at Vale since 2011 and was responsible for IT in all lines of business in which Vale operates.

Gerd Poppinga

Mr. Gerd Peter (Peter) Poppinga serves as Executive Officer for Ferrous Minerals, Member of the Executive Board at VALE S.A. since November 2014. Previously, he was Executive Officer for Base Metals Operations and Information Technology, Member of the Executive Board at the firm from November 24, 2011 to November 2014. He worked at Samitri, acquired by Vale in 2000. He was Commercial Officer of Iron Ore, having worked in the United States, Belgium and Switzerland, where he was for two years President of Vale Internacional. He has performed several roles in Vale Canada since 2007, such as Strategy, Human Resources, Sustainability, New Business Development and Mineral Technology. Since 2009, he has been Vice President of Operation of Base Metals in Asia-Pacific. He graduated in Geology from Universidade Federal do Rio de Janeiro (UFRJ) in 1980. He also obtained Masters degrees in Geology and Mining Engineering from Technische Universitaet Clausthal in 1984.

Toshiya Asahi

Lucio Azevedo

Mr. Lucio Azevedo serves as the Director at Vale S.A. since April 17, 2015. He was Alternate member of PASA’s Audit Council from 2013 until now, and full member of the same council between 2011 and 2013. His main professional experience includes the following positions: (i) President of the Railway Company Labour Union for the States of Maranhão, Pará and Tocantins (STEFEM) from 2013 until now; (ii) Finance Director of this same union from 1997 to 2013; (iii) various functions in the Train Operation area of the Carajas Railway, part of Companhia Vale do Rio Doce, from December 1985 to October 2001.

Dan Antonio Marinho Conrado

Mr. Dan Antonio Marinho Conrado serves as Director of Vale S.A. Prior to this, he served as Chairman of the company until February 2016. He was Chairman of Valepar’s board of directors since October 2012; Alternate member of the board of directors of Mapfre BBSH2 Participacoes S.A., a publicly-held insurance company, since June 2011; Chairman of Vale’s Board of Directors from October 2012 to February 2016; Chief executive officer of Valepar from October 2012 to April 2015; Member of the Strategic Committee of Vale from October 2012 to April 2015; Member of the Strategic Committee of Vale from June 2015 to February 2016; Alternate member of the board of directors of Petrobras from July 2015 to November 2015; Member of the board of directors of Petrobras Distribuidora S.A., a private company wholly-owned by Petrobras, from July 2015 to November 2015; Member of the board of directors of FRAS-LE S.A., a publicly-held friction materials manufacturer, from April 2010 to March 2013; Member of the board of directors of Alianca do Brasil S.A., a publicly-held insurance company, from June 2010 to June 2011; Member of the board of directors of BRASILPREV S.A. (“BRASILPREV”), a publicly-held pension fund, from January 2010 to March 2010; Member of the fiscal council of Centrais Elétricas de Santa Catarina S.A. (“CELESC”), a publicly-held electric utility company, from April 2000 to April 2002; Member of the fiscal council of WEG S.A., a publicly-held engines manufacturer and full industrial electrical systems provider, from April 2002 to April 2005. He holds a degree in Law from Universidade Federal de Mato Grosso do Sul; MBA from Universidade Federal do Rio de Janeiro; MBA from Instituto de Ensino e Pesquisa em Administracao of Universidade Federal de Mato Grosso UFMT.

Oscar Augusto de Camargo

Mr. Oscar Augusto de Camargo serves as a Member of the Board of Directors of Vale S.A. since September 2003. He was Director of Valepar since 2003; partner of CWH Consultoria Empresarial, a business consulting firm since 2003; Chairman of the Board of Directors of MRS from 1999 to 2003 and chief executive officer and member of the Board of Directors of CAEMI—Mineracao e Metalurgia S.A. (CAEMI), a mining holding company that was acquired by Vale in 2006, from 1990 to 2003, where he also held various positions from 1973 to 2003; various positions at Motores Perkins S.A., including commercial officer and sales and services manager, from 1963 to 1973. He holds a degree in Law from Universidade de Sao Paulo (USP) and Masters degree in International Marketing from Cambridge University.

Eduardo de Salles Bartolomeo

Mr. Eduardo de Salles Bartolomeo has served as Director at Vale SA since September 2016. He served as Fertilizers and Coal Operations Marketing Officer, Member of the Executive Board of Vale SA from November 24, 2011 to 2012. He had been Executive Officer of Integrated Operations of Vale SA since December 22, 2006. He started his career at COSIPA - Cia Siderurgica Paulista, as Trainee in 1988 and was promoted to Head of the Slab Conditioning and Conversion department, in 1989, where he stayed until 1991. From 1994 to 2003, he worked for AMBEV - Cia De Bebidas das Americas, where he held a variety of positions, including Regional Plant Director. He served as Logistics Operations Director at Vale from January 2004 to July 2006, and worked as Chief Executive Officer of PETROFLEX from August to December 2006. He holds a Bachelors degree in Metallurgical Engineering from Universidade Federal Fluminense, Masters of Business Administration degree from Katholieke Universiteit Leuven, Belgium and Masters of Business Administration degree from Massachusetts Institute of Technology, Boston, USA.

Sandra Guerra

Marcel Juviniano Barros

Mr. Marcel Juviniano Barros serves as Director of Vale S.A. since October 16, 2012. He served as Member of the Executive Development Committee of Vale since February 2013; Officer of securities of Previ since 2012; Member of the board of directors of Valepar since 2012; Member of the board of PRI – Principles for Responsible Investment of the UN since 2012; Between 1987 and 2012 held several positions at Banco do Brasil, a publicly-held financial institution, including the position of union auditor; General secretary of the National Confederation of Financial Branch Workers, where he coordinated international networks from 2008 to 2011. He holds a degree in history from Fundacao Municipal de Ensino Superior de Braganca Paulista.

Denise Pauli Pavarina

Ms. Denise Pauli Pavarina has been Director at Vale SA since February 2017. Started her career in March 1985, in Banco Bradesco de Investimento S.A., a financial institution that was incorporated by Banco Bradesco S.A. in November 1992. In Bradesco, she held the positions of Underwriting Manager and Portfolio Administration Department Manager. In September 1996, she was promoted to Executive Superintendent, being elected Department Director in January 2001. In June 2006, she was elected Director of Banco Bradesco BBI S.A. and, in January 2007, Managing Director, remaining until December 2009, when she returned to Bradesco, being elected Department Director. In January 2012, she was elected Deputy Executive Director and, in February 2015, Executive Managing Director, a position she currently holds. She is currently Managing Director of Bram - Bradesco Asset Management S.A. Distribuidora de Titulos e Valores Mobiliarios; Member of Managing Body of Fundacao Bradesco; Vice-President of Board of Directors of 2bCapital S.A; Member of Investment Committee of NEO Capital Mezanino Fundo de Investimento em Participacoes; Member of Board of Directors of Instituto BRAiN - Brasil Investimentos & Negocios; and Member of Board of Directors, Member of Advisory Committee for Intermediation Department and Member of IT Committee of BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange. She holds a degree in Economics from Faculdade Armando Alvares Penteado – FAAP, as well as a degree in Law from Universidade Paulista and Executive Masters of Business Administration in Finance from Insper-Instituto de Ensino e Pesquisa.

Eduardo Refinetti Guardia

Mr. Eduardo Refinetti Guardia has been Director at Vale SA since July 2016. Currently he holds such positions as: Member of Droga Raia Board of Directors (2008 to 2010); Member of Ideal Invest S.A. Board of Directors (2007-2009); Member of BNDES Fiscal Council (2000-2002); Member of Banco do Brasil Supervisory Board (1999-2000); Member of the National Council for Social Security (1998-1999). In addition, his professional experience includes such positions as: Chief Financial Officer, Corporate and Investor Relations at BMF Bovespa (2010-2013); Executive Director of Product and IR at BMF Bovespa (2013-2016); Advisor to the Minister of Planning and Budget (1997-1998); Deputy Secretary of the Economic Policy Department at the Ministry of Finance (1998-1999); Special Adviser to the Minister of Finance (1999); Deputy Secretary of the Treasury (1999-2002); Secretary of the Treasury (2002); Researcher of Tax Department in IESP/FUNDAP (1989-1993); Economics Department Professor at PUC SP (1990-2012); Planning and Management Secretary Advisor in the Government of SP (1993-1994); Credit Advisor Heritage SEFAZ the Government of SP (1994); Head of Economic Advisory SEFAZ the Government of SP (1995-1997); Finance Secretary in SP government (2003-2006). He holds a Bachelors degree in Economics from Pontificia Universidade Catolica de Sao Paulo, Doctorate degree in Economics from Universidade de Sao Paulo and Masters degree in Economics from Universidade Estadual de Campinas.

Izabela Saboya

Andre Figueiredo

Mr. Andre Figueiredo is Head of Investor Relations of VALE S.A. Prior to joining Vale, he worked for 12 years at BBDTVM and in the Treasury department of Banco do Brasil. He joined the IR team in 2014. Before that, he spent 8 years with Vale’s Strategy Department responsible for delivering Vale’s five-year strategic plan. He holds an MBA degree from Alliance Manchester Business School in the UK, and an Executive MBA in Finance from IBMEC (RJ). He has also taken Management courses at MIT (USA) and IMD (Switzerland).