According to a report from O Globo, a consulting firm hired by Vale, a Brazilian mining company, has presented the board of directors with a list of 15 potential candidates for the CEO position. Some of the suggested candidates include Francisco Gomes Neto from Embraer, Gustavo Werneck from Gerdau, and Cristiano Teixeira from Klabin.
Vale, known as one of the world’s largest iron ore miners, is expected to announce its new chief executive by early December to succeed Eduardo Bartolomeo. In a recent securities filing, Vale stated that the advice from Russell Reynolds regarding the CEO succession process is ongoing, and the board has not finalized the list of candidates.
Among the names on the list provided by Russell Reynolds is Pedro Parente, who previously led Petrobras and served as the chief of staff for former President Fernando Henrique Cardoso. Other potential candidates mentioned in the report are Pablo Di Si from Volkswagen America, Ruben Fernandes from Anglo American, Carlos Piani from Equatorial, and Mauricio Bahr from Engie Brasil.
Recently, Vale committed to swiftly replacing two independent board members who resigned, with one citing concerns about political influence in the CEO succession plan.
