Vale Names Wilfred Bruijn Interim Board President

Overview

• Vale's board elected Wilfred Theodoor Bruijn to serve as interim president until the company holds an extraordinary shareholders' meeting on July 22.
• Bruijn's appointment follows the July 6 resignation of Daniel Stieler after Previ, the Banco do Brasil employees' pension fund, formally sought his removal.
• Previ says its push aims to reinforce the board's independence and institutional robustness by replacing a president it once helped nominate.
• Reporting of internal disputes inside Previ has linked the mobilization to a faction reportedly connected to a group tied to former PT treasurer João Vaccari Neto, adding political sensitivity to the governance fight.
• The July 22 meeting will determine Vale's permanent board leadership and could shape investor confidence and governance practices at one of the world's largest mining companies.